Challenges to the fraud triangle: Questions on its usefulness

Lokanan, Mark (2015) Challenges to the fraud triangle: Questions on its usefulness. Accounting Forum, 39 (3). pp. 201-224. ISSN 0155-9982

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Official URL: http://dx.doi.org/10.1016/j.accfor.2015.05.002

Abstract

Fraud is increasing with frequency and severity. In this paper, I explore the assertion of the fraud triangle as a useful practitioner framework employed to combat fraud. This paper is anchored through Fairclough's critical discourse theory, and is supported with evidence from three accounting fraud cases. The findings indicate that the Association of Certified Fraud Examiner's (ACFE) perpetuates a discourse that presents a restricted version of fraud. Fraud is a multifaceted phenomenon, whose contextual factors may not fit into a particular framework. Consequently, the fraud triangle should not be seen as a sufficiently reliable model for antifraud professionals.

Item Type: Article
Additional Information: Published online first.
Uncontrolled Keywords: critical discourse analysis, structure
Subjects: N300 Finance
N400 Accounting
Department: Faculties > Business and Law > Newcastle Business School > Accounting and Finance
Depositing User: Ay Okpokam
Date Deposited: 10 Jun 2015 14:29
Last Modified: 08 May 2017 13:14
URI: http://nrl.northumbria.ac.uk/id/eprint/22834

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