In a 2004 CPA Journal article, Wolfe and Hermanson argued that the fraud triangle could be enhanced to improve both fraud prevention and detection by considering a fourth element: a. audacity b. capability c. arrogance d. mendacity
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The fraud triangle traditionally consists of three elements: Pressure (or motive), Opportunity, and Rationalization. Wolfe and Hermanson (2004) proposed adding a fourth element to this model. This fourth element is "Capability" (sometimes referred to as Show more…
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