Accounting Fraud

The traditional model of accounting fraud happens when three elements intersect:

  1. Opportunity
  2. Rationalization
  3. Incentive

accounting fraud
These three situations have occurred during some of the most prevalent accounting scandals of all time. However, just because these three exist does not automatically mean that fraud is in place. One should never accuse someone of fraud unless they have hard evidence and have done their due diligence! This serves as a starting point rather than an ending point in any fraud investigation.

Accounting Fraud Schemes

As a fun way to further explore some examples of Accounting Fraud, check out these Accounting Scandals that have happened in recent history.

VN:F [1.9.22_1171]
Rating: 7.5/10 (2 votes cast)
Accounting Fraud, 7.5 out of 10 based on 2 ratings

Enter you Email and Win!

Sign up for our drawing for an Apple IPhone to help you organize your business contacts, calendar events, and more, by subscribing to our periodic newsletter. Simply add your email below and you will be enrolled. We will never, ever sell or spam your email, and you can cancel at any time!

Cite this page:

Contribute meaningful comments to the Accounting community...