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The Role of the Fraud Triangle in Financial Reporting Fraud: an Extensive Literature Review

Year: 2025

Type: article

Abstract: Fraudulent financial reporting poses a significant threat to the integrity of the trust of stakeholders in businesses and the fraud triangle highlights key elements that contributes to the occurrence of fraud in a firm. This paper reviews extant literature on fraud triangle and fraudulent financial reportsof firms. Findings showed that fraud is a multifaceted phenomenon, whose contextual factors may not fit into a particular framework. Consequently, the fraud triangle should not be seen as a sufficiently reliable model for antifraud professionals. The paper therefore recommends that a study to identify a fraud mechanism to detect and predict fraud in financial statements be carried out.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.17200102

Author: Okafor, Chuka Emmanuel

Institution: University of Nigeria

Language: English

Topic: Corporate Governance and Financial Management

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7083300547

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