Accounting and Control

When collusion meets the fraud triangle: a case study approach

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Purpose The purpose of this paper is to explore how the different elements of the fraud triangle are present in a case of convicted accounting fraud in collusion. Design/methodology/approach This is a case study research. Findings The authors find that when a fraud is carried out in collaboration of several internal and external members of the company, the view of the fraud triangle as an explanation of the fraud from a heuristic point of view is a very limited perspective of the fraud as an opportunity has been designed ad hoc for the fraud commission. Originality/value Although there is a vast research on accounting fraud, collusion fraud is still an unexplored area. This study gives light on how a real case of fraud is perpetrated.
Bibliographic citation: VILLAESCUSA, N., AMAT, O. (2021). When collusion meets the fraud triangle: a case study approach. Journal of Financial Crime. doi:10.1108/JFC-05-2021-0111.

Reference: 10.1108/JFC-05-2021-0111 (DOI)
Date: 01/07/2021
Author(s): Nuria Villaescusa; Oriol Amat
Document type: Article in Journal (refereed)
Department: Accounting and Control
Languages: English