Question

Everyone, how is the "Fraud Pyramid" (sometimes called the "Fraud Triangle") different from/similar to the "Fraud Diamond" discussed in the text? Which of these three descripti...

Everyone, how is the "Fraud Pyramid" (sometimes called the "Fraud Triangle") different from/similar to the "Fraud Diamond" discussed in the text? Which of these three descriptions do you believe is the more accurate/descriptive, and why?

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Fraud Triangle. The causal factors that should be removed to deter fraud (as described above) are best described in theFraud or Compromise Triangle. This idea was first put forward in an article by Donald R. Cressey and Edwin Sutherland. The term was later coined by Steve Albrecht.

The Porter Diamond, properly referred to as the Porter Diamond Theory of National Advantage, is a model that is designed to help understand the competitive advantage nations or groups possess due to certain factors available to them, and to explain how governments can act as catalysts to improve a country's position in

The fraud triangle theory consists of three elements that are necessary for theft or fraudto occur: (a) perceived pressure, (b) opportunity, and (c) rationalization. ... The main difference between the fraud diamondand fraud triangle theories is that the fraud diamond includes an additional element: capacity.

Add a comment
Know the answer?
Add Answer to:
Everyone, how is the "Fraud Pyramid" (sometimes called the "Fraud Triangle") different from/similar to the "Fraud Diamond" discussed in the text? Which of these three descripti...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • The 'seduction' of fraud For decades, the anti-fraud profession has relied on the Fraud Triangle[1] to...

    The 'seduction' of fraud For decades, the anti-fraud profession has relied on the Fraud Triangle[1] to explain white collar crimes such as embezzlement. With its key attributes of pressure, opportunity and rationalization, the fraud triangle, attributed to Dr. Donald Cressey, was first introduced in the 1950s. He used it to explain the mind-set of persons committing embezzlement and similar breaches of trust. Since then, many professional organizations, such as the Association of Certified Fraud Examiners (ACFE), the American Institute of...

  • sociology 1301 In our text, we discussed how 'agents of socialization' (Section 5.3) shape and mold...

    sociology 1301 In our text, we discussed how 'agents of socialization' (Section 5.3) shape and mold us into who we are. Some examples of these include family, schools, peer groups, the mass media, our workplace, and religion (I'm sure you can think of others). What have been two agents of socialization that have greatly shaped who you are today? Why were they important to your socialization process? How did they socialize you? How in your life are you presently being...

  • A student (different from the one discussed earlier) wrote the following written explanation for ...

    A student (different from the one discussed earlier) wrote the following written explanation for why the shaving gel expanded when the vacuum pump was turned on. (1) When the pump is turned on, air is removed from the glass jar and this causes the air pressure inside both the glass jar and the air pocket to decrease the same amount, while the air pressure outside the glass jar remains the same. (2) Thus the air pressure inside and outside the...

  • Please briefly answer the following questions: How do managers assist an organization to achieve ...

    Please briefly answer the following questions: How do managers assist an organization to achieve its goals and objectives? What factors make the manager’s universe complex? Where are managers located within an organization’s hierarchy? How are the different levels similar? How are they different? What are the regular activities that all managers perform? Which of these activities is called the “first” function? Why? How do the functions in question 4 apply to the three levels of management found in most organizations?...

  • these trees can show how similar or different species are from each other. the vertical line...

    these trees can show how similar or different species are from each other. the vertical line on the left is the start and how far to the right each sequence is from the left line or a branch point indicates increasing dissimilarity. so if your sequence is close to the the left line it is similar, but if it is at the end of a long arm on a branch and falls to the right it is less similar. a)...

  • 1. Know the three nursing theorist discussed in class. What were their theories about? If given...

    1. Know the three nursing theorist discussed in class. What were their theories about? If given a case study could you choose which theory was being referenced? (Roy, Watson, Wald) 2. Know about the different nursing organizations and what they do (ANA, NLN, NSNA, AACN) 3. Systems theory... have a general understanding of the topic 4. What is the Nurse Practice Act? 5. Know the difference between certification, licensure, & registration 6. General knowledge about Cultural diversity and sensitivity and...

  • What are the three basic activities of accounting? In which (may be more than one) do...

    What are the three basic activities of accounting? In which (may be more than one) do you think the most errors or fraud occur? Why? Which financial statement do you find the most useful? Why? Would some users prefer different financial statements than other users? Explain your thoughts. Cash accounting is often used by small businesses, what are your thoughts about this? Could the statements be misleading if they were in accrual? How could cash or accrual be a preferred...

  • Transcription is the process of rewriting DNA. DNA molecules are made from 4 different nucleotides which...

    Transcription is the process of rewriting DNA. DNA molecules are made from 4 different nucleotides which acts as building blocks. These building blocks are adenine, thymine, guanine and cytosine. When put together in different chemical combinations they become directions for the functions of the cell molecules which are primarily proteins. When a certain protein is needed, the RNA polymerase enzyme will find the gene for that particular protein and makes an RNA copy of it. DNA and RNA have similar...

  • estions to consider: 1. How do the three different light levels affect the rate of photosynthesis...

    estions to consider: 1. How do the three different light levels affect the rate of photosynthesis in C3 plants? a. In C4 plants? eins 2. Were the photosynthetic rates different between C3 and C4 plants? illa. Was this more dramatic at any of the light levels? 3. You did not use temperature as a variable in any of your analyses but you still collected data on it. Why is it still important to monitor the temperature? 4. Recall CAM plants...

  • s5. The chart below shows quality control information from three different factories that produce the exact...

    s5. The chart below shows quality control information from three different factories that produce the exact same product. At random periods during production, an item is removed from the packaging belt and checked rigorously to ensure that it is meeting corporate manufacturing standards. A battery of tests is performed on the selected item, and it is ranked on a scale of 0 to 9 100 (0 is a complete failure rendering the product useless, and 100 is an item in...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT