The Sample - What Is the Fraud Triangle?

Описание: In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, "What is the Fraud Triangle?" Well it is a triangle, but what does it tell us?
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Welcome to The Sample, a quick discussion of auditing concepts and terms that will help you do your work. Conducting an audit in accordance with auditing standards is no small feat and I want to support you. We'll be referring to the GAO (https://www.gao.gov), IIA (https://na.theiia.org/Pages/IIAHome.aspx) and AICPA (https://www.aicpa.org) literature to bolster our conversations. Let's get started.

In this episode, we answer the question, "What is the fraud triangle?" Well, literally it is a triangle. It's a model, promulgated by the Certified Fraud Examiners, that tells us who will be prone to committing fraud. It can be anyone in our organization, but in government, it's a little bit tricky in that it's not just the employees of our organization or the leaders of our organization that could commit fraud, but also the public. Think of all the fraud that goes on with Medicare, Medicaid - they're huge government programs and the public takes notice of that and defrauds the government and therefore the taxpayer, right?

Read the rest at: https://yellowbook-cpe.com/what-is-th...
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