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Article
Publication date: 14 July 2021

Núria Villaescusa and Oriol Amat

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.

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Abstract

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.

Details

Journal of Financial Crime, vol. 29 no. 3
Type: Research Article
ISSN: 1359-0790

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