This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: •Vices •Other (spousal, perfect crime) © W.R. Knechel Components of Fraud Triangle Rationalization -Hospital bills for children -Can’t pay second mortgage or service credit card debt, don’t want to lose house and uproot kids from school -Bonus, promotion, sales commission or raise didn’t come through -Messy divorce and assets are tied up -Money invested in bar, running losses and need the money temporarily to keep business afloat (a loan) -Ethical code and internal control rules set by corporate leaders who flaunt rules...
View Full Document
This note was uploaded on 10/05/2011 for the course ACG 5637 taught by Professor Monikacaushoulli during the Fall '08 term at University of Florida.
- Fall '08