Question
What additional or meaningful response do you have on this student's paragraph below about characteristics of a person likely to perpetrate a large fraud, debated
What additional or meaningful response do you have on this student's paragraph below about characteristics of a person likely to perpetrate a large fraud, debated his decision over person with these characteristics, and gave reasons why a person is likely to be a fraud perpetrator than person with different characteristics? This is based on Chapter 14 in the textbook called "Fraud Examination" by Steve Albrecht.
After looking at the various fraud statistics, people who are most likely to commit large-scale fraud are employees who have the following characteristics: They have high positions within an organization, ambitious workers, greedy, and lack moral integrity. According to our text, "the size of the loss caused by occupational fraud is strongly related to the position of the perpetrator." This suggests larger frauds are committed by people in higher positions. These people understand company better; they are in better position to exploit weaknesses and cover their wrongdoing. In the same section, our text states that "one of the most common rationalizations for misconduct is a 'whatever it takes' attitude to meet strategic goals and objectives." This suggests fraud perpetrators are ambitious where they work hard to meet goals and objectives and will stop at nothing to reach them. At the same time, it suggests they lack moral integrity. Their ambitions are obviously stronger than their morals. They are willing to do something they know is wrong - to lie, cheat, and manipulate numbers for example - in order to be successful. By cheating to meet their goals and objectives it shows they are, at least partially, victims of the high-pressure, eat-or-be-eaten corporate environment. Maybe if they don't meet their objectives they will be fired and replaced by someone who can. At the same time, they are motivated by greed, because by meeting company goals they are most likely rewarded with bonuses or commissions.
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