The Purpose of the Fraud Triangle Is to Identify

Multiple Choice

The purpose of the fraud triangle is to identify:

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