IIA-Australia White Paper - Using the Fraud Triangle to design and assess internal controls
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Barry Davidow BCom, BAcc, MTaxLaw, ACA, CFE, CRMA, PFIIA, Advanced Diploma of Government (Management), Diplomas in Risk Management and Business Continuity, Government (Fraud Control), Government (Investigation) and International Financial Management.
Matthew Lyon B.Comm, CPA, AMIAA
|The Fraud Triangle consists of financial pressure, rationalisation and opportunity. Each of the three components should be taken into account when assessing anti-fraud internal controls. The Fraud Triangle is a great prompt to use to help ensure internal auditors adequately assess anti-fraud internal controls and identify important controls that may be missing.|
Level of Assumed Knowledge