Who Commits Fraud

Who commits impostor? wherefore do people commit wile? At first glance, an average shamster is non much assort from an average person. Consequently, it is often extremely difficult to detect abortive acts. But upon reflection, the following circumstance must be considered: wherefore ar people often caught unawargon when somebody is reprimand of fraud? because it is usually the colleague who is known to be helpful, civil and inconspicuous. But most importantly it is the colleague that enjoys the absolute sacred belief of both superiors and colleagues. This fact highlights the importance of recognizing invest as a main risk factor, making it all the more(prenominal) critical for precaution to exercise a well-considered balance mingled with conceive and control. This insight does not answer the original question and should not lead to the assumption that each trusted employee is a effectiveness fraudster; rather it leads to the question: From a theore tical point of insure there are three important factors concerned with committing fraud: opportunity, motive, and rationalization, also known as the fraud triangle. Opportunity generally occurs through weaknesses in the internal controls and creates an atmosphere where fraudsters believe they are likely to be successful and undetected.

Therefore companies primarily rivet their prevention efforts on this aspect of the fraud triangle by enforcing certain types of controls and by implementing effective fraud risk wariness policies. Trust, however, though important in business often becomes the sagacity opener for fraudsters. Motive often develops from! financial pressure resulting from a fraudsters excessive life style, or from the gap surrounded by the financial remuneration earned and the responsibility held by the soulfulness, or pressure to meet financial targets, or the superiority complexes of the private or basic greed. Rationalization is the fraudsters internal talks that provides the self-justification for his actions. The fraudster convinces...If you want to get a full essay, baffle it on our website: OrderCustomPaper.com

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