The New Fraud Triangle Model

Rasha Kassem, Andrew Higson

Research output: Contribution to journalArticle

Abstract

Fraud in corporations is a topic that receives significant and growing attention from regulators, auditors, and the public. Increasingly external auditors are being asked to play an important role in helping organizations prevent and detect fraud. Detecting fraud is not an easy task and requires thorough knowledge about the nature of fraud, how it can be committed and concealed. This paper aims at broadening external auditors' knowledge about fraud and why it occurs. It explains Cressey's fraud theory and shows its significance, presents the other fraud models and relates them to Cressey's model, and proposes a new fraud triangle model that external auditors could consider when assessing the risk of fraud.
Original languageEnglish
Pages (from-to)191-195
Number of pages4
JournalJournal of Emerging Trends in Economics and Management Sciences
Volume3
Issue number3
Publication statusPublished - 2012

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Fraud
External auditor
Auditors

Keywords

  • Cressey's fraud theory
  • Fraud,
  • Fraud detection
  • Fraud models and Fraud triangle

Cite this

The New Fraud Triangle Model. / Kassem, Rasha; Higson, Andrew.

In: Journal of Emerging Trends in Economics and Management Sciences, Vol. 3, No. 3, 2012, p. 191-195.

Research output: Contribution to journalArticle

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