Question

What are the factor to commit fraud?

Answer 1

Fraud is an act of trying personal gain unlawfully without hurting physically to other. There are three common factors of committing fraud.

These factors are as below:

No.1) Pressure: If a person has need of money, he/she must have huge pressure and may try to arrange that by any means. It encourages committing fraud.

No.2) Mentality: If the fraudster has a mentality of doing scam, there must be a tendency of committing fraud. This is a sick mentality of searching unlawful routes.

No.3) Scope: If there is scope there may be fraud. Such scope arises because of the absence of tight control in accounts – such as duties are not separated, no safeguard in storage, and improper documentation.

Example: Suppose a cashier deals with recording accounts, making invoices, and disbursing cash; this indicates that there is no separation of duties; the cashier has immense scope of committing fraud.