Description
- In this unit, you have been introduced to the most commonly used fraud theory (Fraud Triangle Theory) created by Donald R. Cressey in 1950 while he was working on his doctoral thesis. Select one of the elements. Why do you find this element intriguing? Do you think these elements are relevant in today’s society? Why do you think fraud still exists even after the scandals of Enron and WorldCom?
Explanation & Answer
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Running Head: PRESSURE FACTOR OF THE FRAUD THEORY
Pressure Factor of the Fraud Theory
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PRESSURE FACTOR OF FRAUD THEORY
Pressure Factor of the Fraud Theory
Fraud is a civil crime, and it is aimed at monetary gains and other benefits. A person
found guilty of fraud is prosecuted and imprisoned by the authorities. Cheating is the act of
deliberate deception aimed at securing unlawful gain (Mansor, 2015). Fraud takes different
forms some of which are general, and others are specific. The specific victim's misconduct
involves: bank f...
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