Describe the Factors That Constitute the Fraud Triangle

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The Answer is The fraud triangle consists of three factors that contribute to or are associated with management and employee fraud.These are:
(1)situational pressure,which includes personal or job-related stresses that could coerce an individual to act dishonestly;
(2)opportunity,which involves direct access to assets and/or access to information that controls assets,and;
(3)ethics,which pertains to one's character and degree of moral opposition to acts of dishonesty.
An individual with a high level of personal ethics,who is confronted by low pressure and limited opportunity to commit fraud,is more likely to behave honestly than one with weaker personal ethics,who is under high pressure and exposed to greater fraud opportunities.
Research by forensic experts and academics has shown that the auditor's evaluation of fraud is enhanced when the fraud triangle factors are considered.

Describe the Factors That Constitute the Fraud Triangle

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