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Becoming a fraud fighter

Oct 01, 2023 · 3 min read · AICPA & CIMA Insights Blog

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In 1973 criminologist Donald Cressey theorized that financial fraud occurs when one or more of three elements are in place — opportunity, rationalization, and pressure. Cressey called his theory the fraud triangle.

Financial experts anticipate that the current economic downturn precipitated by the COVID-19 pandemic may last well over a year. Historically, instances of financial fraud increase during periods of economic downturn.

As employers impose furloughs, eliminate positions, reduce pay, make fast purchasing decisions, and adjust supply chains, some workers

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