FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Opportunity, Financial Pressure, and Rationalization are the three main factors contribute to fraud activity. In your view, discuss the factor that you believe is the most crucial to creating a fraud.

Provide examples to support your conclusion and defend your choice in the discussion.

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Introduction:-

Fraud is defined as intentional deception with the intent of gaining an unfair or unlawful benefit or depriving a victim of a legal right. Fraud can be a civil or criminal offence (for example, a victim of fraud might sue the offender to stop the fraud or get monetary compensation), or it can be a component of another civil or criminal offence (e.g., a fraud perpetrator can be prosecuted and imprisoned by governmental authorities). Fraud can be committed for monetary gain or other benefits, such as obtaining a passport, travel document, or driver's licence, or for mortgage fraud, in which the offender makes false statements in order to qualify for a mortgage.

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