What is Non-Shareable Financial Need

The Fraud Triangle is the framework that regulators have chosen to assess fraud risk for auditors and practitioners. In this chapter, the authors will review the origins and each of the three elements of the Fraud Triangle and provide some tools for assessing whether each element is present in a fraud case. The chapter will distinguish between occupational and corporate fraud, as the authors believe that the drivers of each are slightly different. After defining each of the elements, the authors will apply the framework of analysis to some famous fraud cases in very different parts of the world so that the reader can see the differences and similarities of these cases.