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Write 5 pages with APA style on The Theory of the Fraud Triangle. Others may promise themselves that they will return the money in the future. Cressey (1973) asserted that the weak internal control in

Write 5 pages with APA style on The Theory of the Fraud Triangle. Others may promise themselves that they will return the money in the future. Cressey (1973) asserted that the weak internal control in many organizations provide an opportunity for people to commit fraud. These may include the lack of review and oversight of all the activities taking place within an institution.

While Cressey contributed immensely to understanding why fraudulent behavior is perpetuated in many institutions, there is a question of whether potential offenders can effectively manage drives and motives to prevent crimes from happening. His theory also seems to generalize fraudulent crimes in institutions. In their contribution to the fraud triangle theory, Schuchter & Levi (2013) echoed most of Cressey's assertions. They cite opportunity, motivation, and rationalization as the main reasons offenders commit crimes. The opportunity for crimes comes because of a lack of punishment for those who are guilty. To protect the reputation of their companies, managers fail to disclose fraudulent behavior, hence creating an opportunity for the perpetuation of crime. The book has similar weaknesses as that of Cressey because it does not state why some people are more prone to crimes than others are.

Boulter and Bhattacharya (2013) indicated that institutions were to blame for the increased fraudulent crimes. The authors were referring to the increased opportunity for criminal acts in many institutions. They defined fraud as the use of one’s occupational position to enrich oneself by using an organization’s assets. Managers have been blamed for not being keen on ensuring that employees do not access their assets. This is attributed to the lack of a strong internal control system in an organization. While Boulter and Bhattacharya (2013) also mentioned rationalization and motivation as determining factors to crimes, they concentrated&nbsp.more on the opportunity factor.

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