Multiple Choice
The fraud triangle has three elements.Which of the elements must be present for a fraud to occur?
A) All elements must be present for fraud to occur.
B) At least two of the three elements must be present for fraud to occur.
C) Fraud can occur if any one of the elements is present.
D) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q62: An audit must be performed by persons
Q80: Management compensation that is tied to profits
Q81: Audit committees of publicly traded companies must
Q82: Which of the following actions was a
Q83: Which of the following is a responsibility
Q84: Rationalization involves the mindset of the fraudster
Q87: Various ways by which fraud could be
Q88: Related-party transactions provide management certain opportunities to
Q89: Fraud detection procedures should only be performed
Q90: When fraud risk is great in the