Fraud Diamond: Detecting Fraudulent Behaviours in a Firm

Abstract

The aim of the study was to evaluate fraud diamond theory in relation to the fraudulent behaviour of fraudsters while at the same time, to ascertain the investigative role of the forensic accountants in fraudulent behaviours. The methodology of information search was exploratory. In the search for literature, it was observed that fraud diamond should be improved to enhance fraud investigation, prevention and detection. Based on this, it was proposed that the fraud elements of pressure, opportunity, rationalisation, capability and workplace condition be considered holistically with maintenance of strong rules and regulations with a zero tolerance to fraudulent behaviours in organisation and work place.