Sept.2020 Level III Training Material

9/15/20

Predication • Predication is the totality of circumstances that would lead a reasonable, professionally trained, prudent person to believe that a fraud has occurred, is occurring, or will occur. • All fraud investigations must be based on proper predication; without it, a fraud investigation should not begin.

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The Fraud Triangle (Cressey)

OPPORTUNITY

FINANCIAL PRESSURE

RATIONALIZATION

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