Who Commits Fraud

Who commits impostor? wherefore do people commit doojigger? At first glance, an average put-onster is non much various(a) from an average person. Consequently, it is often extremely difficult to detect unimportant acts. But upon reflection, the following circumstance must be considered: wherefore ar people often caught unaw are when somebody is criminate of fraud? because it is usually the colleague who is known to be helpful, civilised and inconspicuous. But most importantly it is the colleague that enjoys the absolute spiritual belief of both superiors and colleagues. This fact highlights the importance of recognizing invest as a main risk factor, making it all the more critical for precaution to exercise a well-considered balance mingled with affirm 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 theoretical point of realize 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 decoct their prevention efforts on this aspect of the fraud triangle by enforcing certain types of controls and by implementing effective fraud risk perplexity policies. Trust, however, though important in business often becomes the discernme nt opener for fraudsters. Motive often dev! elops from financial pressure resulting from a fraudsters excessive life style, or from the gap amongst 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, panorama it on our website: OrderCustomPaper.com

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