According to the fraud triangle, the situation you described presents an issue of opportunity. The fraud triangle consists of three elements: opportunity, pressure, and rationalization. In this case, the lack of review or oversight of the vendor list creates an opportunity for fraudulent activities, such as collusion with vendors, kickbacks, or other forms of deception. When there is insufficient control or monitoring, individuals may exploit this weakness to commit fraud without detection.
At a business, there is no one who reviews the vendor list. According to the fraud triangle, this presents an issue of
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