The Fraud Diamond: Considering the Four Elements of Fraud

Authors

David T. Wolfe, Glasgow Forensic Group
Dana R. Hermanson, Kennesaw State UniversityFollow

Document Type

Article

Publication Date

12-2004

Abstract

Focuses on the use of the elements of the fraud diamond to prevent and detect accounting fraud. Essential traits for committing fraud; Steps in assessing fraud risk through the use of the fourth element of the diamond; Ways for auditors to prevent potential fraud.