Final answer:
Financial pressure, rationalization, and incompatible duties are elements of the fraud triangle, while opportunity is not.
Step-by-step explanation:
Financial pressure, Rationalization, and Incompatible duties are all elements of the fraud triangle, while opportunity is not an element of the fraud triangle.
The fraud triangle is a concept in the field of forensic accounting that explains the factors that contribute to fraudulent behavior. It consists of three elements: financial pressure, rationalization, and opportunity. Financial pressure refers to a person's need for money or their desire to maintain a certain lifestyle. Rationalization involves justifying fraudulent actions to oneself. Incompatible duties refer to situations where an individual is assigned tasks that create a conflict of interest or allow for the potential of fraud. Lastly, opportunity refers to the conditions and circumstances that enable fraud to occur.
By understanding the elements of the fraud triangle, individuals and organizations can implement measures to prevent and detect fraud.