Another reason for the growth in interest-free financing is a new initiative that Friendly Electricals Ltd has introduced whereby it does not run credit checks on contracts of less than $1000, as the value of the contract is not large and Joe Pendlebury has informed you that the hassle of the credit checks was more than it was worth on that amount of money. Friendly Electricals Ltd promises customers easy finance and this has seen the number of contracts for less than $1000 increase dramatically. Required Identify three possible fraud risk factors and explain why each is a fraud factor