Worldcom accounting fraud case. Identify how each element of the fraud triangle was present in the...

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Accounting

Worldcom accounting fraud case. Identify how each element of thefraud triangle was present in the fraud. In addition, discussinternal controls that could have been in place to prevent thefraud from occurring.

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FRAUD TRIANGLE Fraud triangle is a framework which is designed developed to describe the reasons for workers mentality on commiting workplace fraud It is otherwise an auditing process done inorder to identify and explain the reasons for an occupational fraud done by the worker Mainly there are three elements are present in the fraud triangle And they are OPPORTUNITY PRESSUREINCENTIVE RATIONALIZATION Opportunity It is one of the element in triangle which explains the circumsatances for the occurance of a fraud Opportunity is the element over which the owners of the businees have totalmost control If one is thinking about any theft See Answer

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