The Fraud Triangle Have you ever heard of the “80/10/10” saying? It suggests that 10 percent of the population is honest; they will not lie, steal or cheat under any circumstances. Another 10 percent of the population is dishonest and will participate in criminal activities whenever they can. The remaining 80 percent, given sufficient pressures and the right opportunity may behave unethically. This is the first in a series of newsletters dealing with fraud, internal control and fraud awareness, and
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Askew ACCT217 July 26, 2014 Fraud Theory and Prevention is getting a lot of attention these days, however preventing fraud and understanding fraud continues to puzzle corporations and is the focus of many studies and reasons why many internal controls are in place today. As an example Dr. Donald Cressey a fraud expert developed what is known as the Fraud Triangle Theory which essentially states that three elements must be present in order for fraud to occur and those are, Motive, Opportunity
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4. the study of the nature and origin of ideas. 5. a philosophical system that derives ideas exclusively from sensation Distance Formula The distance formula can be obtained by creating a triangle and using the Pythagorean Theorem to find the length of the hypotenuse. The hypotenuse of the triangle will be the distance between the two points. The subscripts refer to the first and second points; it doesn't matter which points you call first or second. x2 and y2 are the x,y coordinates for
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the legs or the hypotenuse and what this does is it gives me the equation of how many paces it is to the treasure A= 10 B=2(10)+4 = 20+4 = 24 C=2x+6 = 2(10)+6 = 26 In conclusion, castle rock is located at the bottom left of a right hand triangle, and the treasure is 26 paces northeast of Castle Rock. But, another way to find it is to travel 10 paces to the north and 24 paces to east. The operation and evaluation of equation allows for an efficient way to find the buried treasure without
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the relationship among the three sides of a right triangle. In simple terms the square of the hypotenuse of a right triangle is equal to the sum of the squares of the other two sides. Since the fourth century AD, Pythagoras has commonly been given credit for creating the Pythagorean Theorem. The theorem dates back to Pythagorean triples found on Megalithic monuments from circa 2500 in Egypt and northern Europe incorporating right triangles with integer sides. The Middle Kingdom Egyptian papyrus
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15th Individual assignment 2 “The Fraud Triangle is a model for explaining the factors that cause someone to commit occupational fraud”; it is widely used within business companies. It consists of three components that, together, lead to fraudulent behavior. Those three factors that must be present at the same time in order for an ordinary person to commit fraud: pressure, opportunity and rationalization. Michael D. Frenza has mentioned it in his article “Fraud perpetrators usually have a non-sharable
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“Unearthing Pharma Fraud” article discusses the case of Rew Cook who is the sales manager at Good Health Inc. (GHI). The firm distributes pharmaceutical products and medical/dental equipment to pharmacies in France. An audit by the outsourced internal audit firm Alan & Blanche revealed fraudulent activity in Cook’s sales department. Cook took advantage of the internal control weaknesses present in GHI operations and was able to make a personal gain to the tune of $200,000. Cook’s main fraud was a result
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McKinley’s Big Idea According to the fraud triangle. “Motive is the reason people commit fraud. They say it is a driving force. In McKinley’s case the motive and driving force was to have been the emotion of humiliation. McKinley was a church going man and a family man. He was CPA and a highly respected bank CFO and a well educated. So the driving force of protecting his image coupled with the need for money which shows the motive. The driving force behind this act of embezzlement was his own
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Pythagoras theorem Abstract Pythagoras theorem gives a relationship of the three sides of right angled triangles. It is extended to draw relationship among the interior angles of such right-angles triangles to form what is known as trigonometrical ratios. The theorem has vast application in science and mathematical phenomena. It is also used in the derivation of other theorems. This paper attempts to uniquely explain the theorem by experiment. Calculations and measurements will be done to arrive
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use the Pythagorean Theorem which says that when a triangle has a right angle of 90 degrees, and squares are made on each of the three sides, then the biggest square has the exact same area as the other two squares put together. The Pythagorean Theorem can be written as: a^2 + b^2 = c^2 with “c” being the longest side or otherwise called the hypotenuse of the triangle, and “a” and “b” are the other two sides of the triangle. In a right triangle the square of the hypotenuse is equal to the sum of
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