Fraud Triangle Free Essay Example, 1250 words

Such crimes stress by way of example how the inadequacy of process and organisational controls lead to many opportunities for fraud to succeed. A significant contribution of Morales, Gendron and Guenin-Paracini (2014) is that it provides a concrete example of the operation of the fraud triangle in a specific work context. Meanwhile, one area that remains unexplored in the above source is how the insights into the fraud-prone individual in organisations can help deter fraud in white collar contexts (Morales, Gendron and Guenin-Paracini 2014). The fraud triangle literature is vast. As a theorem in psychology it is tightly bound with advances in the field, and in related fields such as criminology. As such, even studies that come from business and accounting-related journals can be mined for valuable insights into how the fraud triangle helps advance psychological research, and vice versa. These include studies by Aghghaleh, Iskandar and Mohamed (2014) and of Murphy and Dacin (2011) that look at the implications of the fraud triangle for business processes and organizational checks and balances. Among the key contributions of Aghghaleh, Iskandar and Mohamed (2014) and of Murphy and Dacin (2011) are that they stress the fundamental psychological underpinnings of the fraud triangle. We will write a custom essay sample on Fraud Triangle or any topic specifically for you Only $17.96 $11.86/page The theory of planned behaviour or TPB attributed to Icek Ajzen in 1985 and as cited in Cohen, Ding Lessage and Stolowy (2010) is a theory in social psychology advances the proposition that the intentions behind the actions of individuals can be extrapolated with a high degree of precision from taking into account the individual’s subjective norms, the individual’s perception of his control over his behaviour, and the individual’s attitudes with regard to the behaviour. The TPB is used to dissect the opportunity aspect of the fraud triangle (Cohen, Ding, Lesage and Stolowy 2010).