000			01689nam a22001457a 4500
999			_c524114 _d524114
008			231030b ||||| |||| 00| 0 eng d
100			_aSandhu, Namrata and Saluja, Shefali _945172
245			_aFraud triangle as an audit tool
260			_aManagement and Labour Studies
300			_a48(3), Aug, 2023: p.418-443
520			_aThe objective of this study is to assess the usefulness of the fraud triangle in fraud detection and to make use of the results to critically examine the Indian Standard on Auditing that describes the responsibilities of auditors related to frauds (SA 240). Based on content analysis and quantitative assessment of publicly documented evidence in the form of press articles covering 19 emblematic Indian cases of fraud that went public between 1992 and 2018, this study establishes the validity of the fraud triangle and recommends that auditors evaluate potential frauds based on the components of the fraud triangle. The study also identifies fraud risk factors not covered in SA 240 and suggests that these risk factors be added to SA 240 to aid the fraud detection efforts of auditors. Further, the behavioural nature of the fraud risk factors missing from SA 240 suggests that the behaviour of prospective fraud perpetrators has not received due consideration in SA 240. The value of this study lies in its ability to demonstrate the usefulness of the fraud triangle as an audit tool and underscore the room for improvement in the Indian auditing standard related to frauds (SA 240). – Reproduced https://journals.sagepub.com/doi/abs/10.1177/0258042X231160970
773			_aManagement and Labour Studies
906			_aAUDITING
942			_cAR