How do each of elements of the fraud triangle could apply

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Question 1. A husband and wife team have 50/50 ownership in the business. The husband has told all employees no bonuses will be given this year. You see the wife pull aside the sales person separately, offering a $50,000 bonus if he makes his numbers. As the Accountant, should you mention the side deal to the husband owner?

Question 2. What are some assumptions used to make support or disagree with this statement?

Question 3. How do each of the elements of the fraud triangle could apply to this scenario, even if it may not be viewed as a fraudulent event?

Reference no: EM133379611

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