Question 1
In the fraud triangle, fraudulent financial reporting and misappropriation of assets
◦ share little in common.
◦ share most of the same risk factors.
◦ share the same three conditions of the fraud triangle.
◦ share most of the same conditions. of the fraud triangle.
Question 2
Relating to opportunities, why do most people commit fraud?
◦ They need to fund an extravagant lifestyle.
◦ They feel a sense of superiority.
◦ There are weak internal controls.
◦ They need to meet pre-specified business targets.