What is the difference between the “fraud triangle” and “fraud tree”?Question 1Answera.The fraud triangle explains why people commit fraud, while the fraud tree categorises fraudsb.The fraud triangle only applies to fraud committed by accountants, while the fraud tree applies to all fraudsc.The fraud tree explains why people commit fraud, while the fraud triangle categorises fraudsd.The fraud tree only applies to fraud committed by accountants, while the fraud triangle applies to all frauds

From an investigatory perspective, the shortcoming ofthe fraud triangle is as follows:1 pointThe fraud triangle doesn’t help the investigatorunderstand the motivations of the fraudster.The fraud triangle doesn’t help the investigator understand why thefraudster committed fraud.Pressure and rationalization are generally notobservable.The fraud triangle is as important to an investigation as any othertool

Question 3With regard to predatory fraudsters, which of thefollowing statements is correct?1 pointThe fundamental premise of the Fraud Triangle suggests that when an ordinaryperson, or predatory fraudster, commits fraud, all three of the legs of thetriangle must be present.Predators spend their time and energy looking for opportunities tocommit fraud.The fundamental premise of the Fraud Triangle suggeststhat when an ordinary person, or accidental fraudster, commits fraud, all threeof the legs of the triangle must be present.Predatory fraudsters are good at creating elaborate excuses orrationalizations for their conduct.

Which of the following is not one of the components of the fraud triangle?Multiple choice question.DishonestyRationalizationOpportunityPressure

tree based approaches for fraud detection?

1.Question 1One major difference between fraud and a mistake is:1 point