Final answer:
The opportunity element of the fraud triangle in the options provided is 'Manager approval is not required for expense reports', as it creates a circumstance where fraudulent behavior might be easier to perform without detection.
Step-by-step explanation:
An example of the opportunity element of the fraud triangle is: d. Manager approval is not required for expense reports. The fraud triangle consists of three elements that contribute to the likelihood of fraudulent behavior: motivation or pressure, opportunity, and rationalization.
When employee oversight is lacking, such as when manager approval is not required, it increases the opportunity for an individual to commit fraud without detection. Other options such as significant personal debt or feelings of being underpaid present pressure or rationalization aspects rather than opportunity for fraud.
Out of the given options, depositing customer checks (option b) is an example of the opportunity element of the fraud triangle.
The fraud triangle is a concept used to explain the factors that lead individuals to commit fraud. It consists of three elements: opportunity, pressure, and rationalization. The opportunity element refers to the presence of circumstances that allow an individual to carry out fraudulent activities without being detected.
In the given example, one employee receiving and depositing customer checks creates an opportunity for the employee to potentially engage in fraudulent activities, such as embezzlement or misappropriation of funds.