Deconstructing the origins of Cressey’s Fraud Triangle
Research output: Contribution to journal › Article › peer-review
Design/methodology/approach: This study has developed from analysis of a targeted literature review carried out as part of a wider study into occupational fraud and corruption.
Findings: Cressey’s name is intrinsically linked to the Fraud Triangle, although he never used the expression during his lifetime. Two of the three motivational factors identified by Cressey (1953) were developed from the earlier work of Svend Riemer (1941), who it is suggested should have equal billing with Donald Cressey for the concepts that led to the creation of the Fraud Triangle.
Practical implications: The paper illustrates the limitations of Cressey’s Fraud Triangle for practitioners.
Originality/value: Many academics and researchers have either misunderstood Cressey’s role in the development of the Fraud Triangle or been unaware of its true origins. Although the pioneering work of Riemer is referenced in a 2014 study on the Fraud Triangle by Alexander Schuchter and Michael Levi, to the best of the authors’ knowledge, this paper is the first to identify the influence of Riemer on Cressey’s thinking and the development of the Fraud Triangle.
|Journal||Journal of Financial Crime|
|Early online date||2 Jun 2021|
|Publication status||Early online - 2 Jun 2021|
- The Fraud Triangle origin and meaning pure.docx
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Accepted author manuscript (Post-print), 768 KB, PDF document
Licence: CC BY-NC