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Beyond the fraud triangle: Swiss and Austrian elite fraudsters

Levi, Michael ORCID: and Schuchter, Alexander 2015. Beyond the fraud triangle: Swiss and Austrian elite fraudsters. Accounting Forum 39 (3) , pp. 176-187. 10.1016/j.accfor.2014.12.001

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We suggest that when using the fraud triangle, academics and professionals should take account of the insights gleaned from our study, in which Switzerland and Austria's “elite” white-collar offenders with high professional standing and respectability were interviewed. Our perpetrators consider that only opportunity is a universal precondition of acts defined by others as fraud, though perceived pressure is salient to most frauds. By contrast, financial incentives are not required to be motivational elements. The frequently cited “rationalisation” is too simplistic: rather, a fraud-inhibiting inner voice before the crime and a guilty conscience after it were present among those interviewed.

Item Type: Article
Date Type: Publication
Status: Published
Schools: Social Sciences (Includes Criminology and Education)
Subjects: H Social Sciences > HG Finance
H Social Sciences > HV Social pathology. Social and public welfare
Uncontrolled Keywords: Fraud triangle; White-collar crime; Elite offender; Motivational trigger; Rationalisation
Additional Information: This journal has an embargo period of 36 months (from publisher's website. Accessed 29.04.16).
Publisher: Elsevier
ISSN: 0155-9982
Date of First Compliant Deposit: 29 April 2016
Date of Acceptance: 30 December 2014
Last Modified: 06 Nov 2023 14:12

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