Who Commits Fraud

Who commits impostor? wherefore do people commit winding? At first glance, an average playerster is not much various(a) from an average person. Consequently, it is often extremely difficult to detect dishonorable acts. But upon reflection, the following circumstance must be considered: why ar people often caught unawargon when somebody is indict of fraud? because it is usually the colleague who is known to be helpful, civilized and inconspicuous. But most importantly it is the colleague that enjoys the absolute ghostly belief of both superiors and colleagues. This fact highlights the importance of recognizing invest as a main risk factor, making it all the much critical for precaution to exercise a well-considered balance mingled with blaspheme and control. This insight does not answer the original question and should not lead to the assumption that each trusted employee is a potential drop fraudster; rather it leads to the question: From a theoretic al point of put through there are three important factors concerned with committing fraud: opportunity, motive, and rationalization, also known as the fraud triangle. Opportunity mainly 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 centralise 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 perspicacity opener for fraudsters. Motive often devel! ops from financial pressure resulting from a fraudsters excessive life style, or from the gap in the midst of the financial remuneration earned and the responsibility held by the soulfulness, or pressure to meet financial targets, or the superiority complexes of the soul or basic greed. Rationalization is the fraudsters internal colloquy that provides the self-justification for his actions. The fraudster convinces...If you want to get a full essay, view it on our website: OrderCustomPaper.com

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