Question

Which of the following is not one of the three conditions that are generally present when fraud occurs?

a) Opportunity
b) Pressure
c) Rationalization
d) Lack of internal controls

Answer 1

Lack of internal controls is not one of the three conditions that are generally present when fraud occurs.

Step-by-step explanation:

d) Lack of internal controls is not one of the three conditions that are generally present when fraud occurs. The three conditions are opportunity, pressure, and rationalization. Lack of internal controls refers to the absence or inadequacy of systems, policies, and procedures that are designed to prevent and detect fraud.