Discussion Question for Principals of Accounting

Conduct further research on the Fraud Triangle. Think about a situation in your life where the control environment had a strong influence. This example could be from the workplace, school, family or a recent news article.

For your initial post:

• Briefly describe the fraud triangle.
• Describe your situation above by applying the three parts of the fraud triangle.
• Again using the fraud triangle; what would you change to prevent the situation from happening?