EXECUTIVE TAKEAWAYS Executive Takeaways
■ In 2004, Wolfe and Hermanson introduced the fraud diamond, which adds a fourth side, capability, to the traditional fraud triangle. ■ The 2015 article finds that auditors assess fraud risk higher when using the diamond. ■ Hermanson has presented this research to auditing regulators, students, and professionals.
Dana Hermanson, Dinos Eminent Scholar Chair of Private Enterprise and Professor of Accounting
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