Discuss the Three Elements That Are Typically Present When Fraud

question 45

Essay

Discuss the three elements that are typically present when fraud occurs.

---

Definitions:

Maslow's Hierarchy

a psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Erikson's Life Stages

A psychological theory proposed by Erik Erikson that describes eight stages of human development, each characterized by a specific conflict that must be resolved for healthy psychological development.

Requires Supervision

A condition or situation that necessitates oversight or managerial direction, often to ensure compliance, safety, or quality.

Frequently On-site

Refers to the regular physical presence of individuals such as employees, contractors, or auditors at a business location or project site for work purposes.