KASSEM, R. and HIGSON, A.W., 2012. The new fraud triangle model. Journal of Emerging Trends in Economics and Management Sciences, 3 (3), pp. 191 - 195
Fraud in corporations is a topic that receives significant and growing attention from regulators, auditors, and the
public. Increasingly external auditors are being asked to play an important role in helping organizations prevent
and detect fraud. Detecting fraud is not an easy task and requires thorough knowledge about the nature of fraud,
how it can be committed and concealed. This paper aims at broadening external auditors’ knowledge about
fraud and why it occurs. It explains Cressey’s fraud theory and shows its significance, presents the other fraud
models and relates them to Cressey’s model, and proposes a new fraud triangle model that external auditors
could consider when assessing the risk of fraud.