What Is Fraud and What Are Some of the Red

question 40

Essay

What is fraud and what are some of the red flags that can alert auditors to the possibility that a fraud may have occurred?

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Definitions:

McClelland

Refers to David McClelland, a psychologist known for his work on motivation, specifically the theory of Needs which includes Achievement, Power, and Affiliation.

Social Level

The standing or rank of an individual or group within the structure of a society, often determined by factors like occupation, income, or education.

Maslow's Hierarchy

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy, from basic physiological needs to self-actualization.

Motivated

Having a strong desire or willingness to act and achieve goals, driven by internal or external factors.