The new fraud triangle model

Fraud in corporations is a topic that receives significant and growing attention from regulators, auditors, and the public. Increasingly external auditors are being asked to play an important role in helping organizations prevent and detect fraud. Detecting fraud is not an easy task and requires tho...

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Main Authors: Rasha Kassem, Andrew Higson
Format: Default Article
Published: 2012
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Online Access:https://hdl.handle.net/2134/10100
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id rr-article-9502352
record_format Figshare
spelling rr-article-95023522012-01-01T00:00:00Z The new fraud triangle model Rasha Kassem (7196777) Andrew Higson (1254978) Other commerce, management, tourism and services not elsewhere classified Fraud Fraud triangle Cressey's fraud theory Fraud models Fraud detection Business and Management not elsewhere classified Fraud in corporations is a topic that receives significant and growing attention from regulators, auditors, and the public. Increasingly external auditors are being asked to play an important role in helping organizations prevent and detect fraud. Detecting fraud is not an easy task and requires thorough knowledge about the nature of fraud, how it can be committed and concealed. This paper aims at broadening external auditors’ knowledge about fraud and why it occurs. It explains Cressey’s fraud theory and shows its significance, presents the other fraud models and relates them to Cressey’s model, and proposes a new fraud triangle model that external auditors could consider when assessing the risk of fraud. 2012-01-01T00:00:00Z Text Journal contribution 2134/10100 https://figshare.com/articles/journal_contribution/The_new_fraud_triangle_model/9502352 CC BY-NC-ND 4.0
institution Loughborough University
collection Figshare
topic Other commerce, management, tourism and services not elsewhere classified
Fraud
Fraud triangle
Cressey's fraud theory
Fraud models
Fraud detection
Business and Management not elsewhere classified
spellingShingle Other commerce, management, tourism and services not elsewhere classified
Fraud
Fraud triangle
Cressey's fraud theory
Fraud models
Fraud detection
Business and Management not elsewhere classified
Rasha Kassem
Andrew Higson
The new fraud triangle model
description Fraud in corporations is a topic that receives significant and growing attention from regulators, auditors, and the public. Increasingly external auditors are being asked to play an important role in helping organizations prevent and detect fraud. Detecting fraud is not an easy task and requires thorough knowledge about the nature of fraud, how it can be committed and concealed. This paper aims at broadening external auditors’ knowledge about fraud and why it occurs. It explains Cressey’s fraud theory and shows its significance, presents the other fraud models and relates them to Cressey’s model, and proposes a new fraud triangle model that external auditors could consider when assessing the risk of fraud.
format Default
Article
author Rasha Kassem
Andrew Higson
author_facet Rasha Kassem
Andrew Higson
author_sort Rasha Kassem (7196777)
title The new fraud triangle model
title_short The new fraud triangle model
title_full The new fraud triangle model
title_fullStr The new fraud triangle model
title_full_unstemmed The new fraud triangle model
title_sort new fraud triangle model
publishDate 2012
url https://hdl.handle.net/2134/10100
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