Q4-2 This simulation question available sourcesis based upon a true set of facts. The information contained in thesimulation question was What is the Relationship Between the FraudTriangle and Financial Statement Fraud? -
Required First, search the Internet or refer to textbooks tolearn as much as you can about the Fraud Triangle. Then, answer thefollowing:
1. What is the Fraud Triangle? Discuss your understanding of theFraud Triangle and give examples of financial statement fraud foreach of the Triangle: (a) Opportunity-give real or hypotheticalexamples in financial statement fraud. (b) Pressure-give real orhypothetical examples in financial statement fraud. (c)Rationalization -give real or hypothetical examples in financialstatement fraud. e: Remember to cite references/sources from theInternet or textbooks.
2. How can the Fraud Triangle detect/prevent financial statementfraud? Discuss how each of the three elements of the Fraud Trianglecan detect/prevent financial statement fraud (a) Opportunity-explain how this element can detect/prevent financial statementfraud. b) Pressure- explain how this element can detect/preventfinancial statement fraud how this element can detect/preventfinancial statement fraud
