Final answer:
Collusion is not one of the three conditions of the Fraud Triangle for fraud occurrence. The three conditions are incentive or pressure, opportunity, and rationalization or attitude. Option D
Step-by-step explanation:
Among the options provided, the one that is not one of the three conditions generally present when fraud occurs is (D) Collusion. The three conditions commonly referred to are part of the Fraud Triangle, which consists of: (A) Incentive or Pressure, (B) Opportunity, and (C) Rationalization or Attitude.
Collusion, while it can be involved in fraud, is not considered one of the foundational elements that explain why an individual commits fraud. Collusion refers to the act of two or more parties conspiring to commit an act of fraud together, but it is not a fundamental condition for the occurrence of fraud from the perspective of the Fraud Triangle. Option D