White-Collar Crime
Describe the major and legal elements of fraud theory. Identify the roles of the forensics accountant and certified fraud examiner during an investigation assignment.
750-1,500 words. APA Format. Please include references.
Fraud Theory
All fraud cases include situations in which an individual takes advantage of another’s trust to meet personal obligations that he or she would otherwise not have achieved without use of covert means. In essence, it involves a branch of trust, and government institutions have been keen to ensure that they have laws that reduce the chances of individuals engaging in such trust violations. Additionally, different scholars have been keen to conduct studies exemplifying the application of fraud theory, which explains reasons for engaging in fraud. The fraud triangle and diamond theories are some of the most elaborate theories that explain the causes and issues related to fraud, all of which include the concept of a breach of trust and the existence of some external pressure for the said individual to engage in fraud (Abdullahi, Mansor, & Nuhu, 2015).
(879 words)