Who Commits Fraud

Who commits impostor? wherefore do people commit blind? At first glance, an average craftster is not much assort from an average person. Consequently, it is often extremely difficult to detect trifling acts. But upon reflection, the following circumstance must be considered: why ar people often caught unawargon when somebody is charge of fraud? because it is usually the colleague who is known to be helpful, obliging and inconspicuous. But most importantly it is the colleague that enjoys the absolute religious belief of both superiors and colleagues. This fact highlights the importance of recognizing invest as a main risk factor, making it all the to a greater extent critical for precaution to exercise a well-considered balance mingled with organized religion and control. This insight does not answer the original question and should not lead to the assumption that each trusted employee is a possible fraudster; rather it leads to the question: From a the oretical point of receive there are three important factors concerned with committing fraud: opportunity, motive, and rationalization, also known as the fraud triangle. Opportunity principally 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 digest their prevention efforts on this aspect of the fraud triangle by enforcing certain types of controls and by implementing effective fraud risk focal point policies. Trust, however, though important in business often becomes the perceptiveness opener for fraudsters. Motive often develops from financial pressure resulting from a fraudsters excessive life style, or from the gap betwixt the financial remuneration earned and the responsibility held by the soulfulness, or pressure to meet financial targets, or the superiority complexes of the single(a) or basic greed. Rationalization is the fraudste rs internal talks that provides the self-ju! stification for his actions. The fraudster convinces...If you want to get a full essay, survey it on our website: OrderCustomPaper.com

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