The Fraud Triangle Has Three Elements

question 85

Multiple Choice

The fraud triangle has three elements.Which of the elements must be present for a fraud to occur?

• A)All elements must be present for fraud to occur.
• B)At least two of the three elements must be present for fraud to occur.
• C)Fraud can occur if any one of the elements is present.
• D)None of the above.

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Definitions:

Testable Hypothesis

One that can be shown to be false by reference to empirical evidence.

Related

Having a connection or association to something else, often in terms of relevance or similarity.

Objectivity

The practice of maintaining impartiality and neutrality, avoiding personal biases in judgment or analysis.