fraud theory

Fraud theory examines how and why individuals or organizations deceive others for financial gain or advantage. It involves understanding the motivations behind dishonest actions, the opportunities they exploit, and their rationalizations. Essentially, it provides a framework to analyze the circumstances that lead to fraudulent behavior, helping to develop better detection, prevention, and response strategies. By studying fraud theory, professionals can identify warning signs and implement controls to reduce the risk of fraud happening within organizations or transactions.