The Fraud Triangle Conditions Necessary for Financial Statement Fraud to Occur

question 17

True/False

The fraud triangle conditions necessary for financial statement fraud to occur are the existence of a system of internal control,the ability to invade the system,and rationalization to commit the fraud.

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Definitions:

Attached Document

A file that is included with, or linked to, an email or other document, usually for the purpose of providing additional information.

Letter Reports

Business or professional reports presented in the format of a formal letter, often addressing a specific issue or situation.

Direct Order

A communication method in writing or speech where instructions or requests are stated outright and clearly, often used in commands or urgent requests.

Indirect Order

A communication approach where the main point or conclusion is presented after the background and supporting information.