Internal control

Fraud Triangle

People who study fraud tell us there is a “fraud triangle”. Remember discussing the fire triangle when you were in Boy Scouts or Girl Scouts? Just like you need to have heat, fuel, and oxygen to kick off a fire, you need to have opportunity, motivation, and rationalization to kick off a fraud incident.

I have written a series of posts on my other blog, Nonprofit Update, about the fraud triangle.

I combined the posts into one page so you can see all the discussion together. See the Fraud Triangle.