What is a Fraud Triangle?

Hey guys! This season, we are focused on taking preventative measures to avoid fraud and other financially improper conduct related to nonprofits. In this episode, we are examining what makes up a “fraud triangle”. We look at several factors that can lead someone to commit fraud, such as lack of internal controls, pressures both inside and outside the organization, and rationalizing whether the act of fraud is wrong. This is an informative episode that can help you determine if there are opportunities for financial wrongdoing in our organization. Tune in!

 

Highlights

• Opportunity for Fraud to Happen due to lack of internal controls
• Internal and external pressure from the organization
• People rationalizing potential wrongdoings

 

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