The three elements present in every fraud are commonly referred to as the ________.

A) Triple threat

B) Three-way manipulation

C) Fraud triangle

D) Three-alarm fire

Answer: Fraud triangle

The three elements of the fraud triangle are:

A) Motivation.

B) Rationalization.

C) Opportunity.

D) All of the other answers are elements of the fraud triangle.

Answer: All of the other answers are elements of the fraud triangle.

The phrase "cooking the books" is commonly used to refer to:

A) The company's accounting records being thoroughly audited at the end of the year.

B) The company's financial statements being presented in a deceptive form.

C) The company's ability to provide timely financial information under operating pressure.

D) The inclusion of a variety of information in the financial statements.

Answer: The company's financial statements being presented in a deceptive form.