Which of the Following Is Not an Element of the Fraud

question 21

Multiple Choice

Which of the following is not an element of the Fraud Triangle?

• A) Incentive.
• B) Rationalization.
• C) Deception.
• D) Opportunity

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Definitions:

Cash Budgets

Financial plans that estimate cash inflows and outflows over a specific period, helping businesses manage their liquidity and financial stability.

Depreciation Expense

The allocated amount of an asset's cost over its useful life, used to account for declines in value over time.

Financial Expenses

Costs associated with the borrowing of funds or the costs incurred by an investment, including interest payments and other fees.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, typically used to manage liquidity.