The fraud triangle is a model for explaining the factors that cause someone to commit occupational fraud.

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Question:

The fraud triangle is a model for explaining the factors that cause someone to commit occupational fraud. It consists of three components which, together, lead to fraudulent behavior. Why is it important in the accounting profession to conduct oneself ethically and with integrity? Who suffers from fraudulent activity?

1. Perceived unshareable financial need

2. Perceived opportunity

3. Rationalization