The Purpose of the Fraud Triangle Is to Identify

question 40

Multiple Choice

The purpose of the fraud triangle is to identify:

• A) The causes of when the audit opinion should be qualified.
• B) To identify the causes of and reasons for fraud when there may be intentional misstatements or omissions of amounts or disclosures in the financial statements.
• C) To identify the causes of when there is a lack of independence in performing an audit.
• D) All of these.

---

Definitions:

Self-preservation

The inherent or instinctual behavior to protect oneself from harm or danger, ensuring personal survival.

Aversion Therapy

A form of psychological treatment involving the use of unpleasant stimuli to reduce or eliminate undesirable behaviors.

Violent Criminal

An individual who commits acts of violence or aggression as part of their criminal behavior.

Resocialization

Resocialization is the process by which individuals undergo a significant change in norms, values, attitudes, or behaviors through deliberate influence, as in a new organizational culture or rehabilitation program.