Non-Shareable Financial Problem
Definition
Cressey's original term for the pressure element. The problem need not be objectively severe; what matters is that the perpetrator perceives it as something they cannot discuss with others, typically because disclosure would cause embarrassment, legal consequences, or loss of status.
Related terms
- Fraud Diamond
- Wolfe and Hermanson's 2004 extension of the fraud triangle that adds capability as a fourth condition. The model holds that pressure, opportunity,...
- Occupational Fraud
- The ACFE defines occupational fraud as the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the...
- Control Environment
- The first and foundational component of the COSO framework. It encompasses the board's oversight, management's philosophy and operating style, organisational structure, commitment...
- Fraud Triangle
- A model, developed by criminologist Donald Cressey, proposing that occupational fraud requires three converging conditions: pressure (financial need or incentive), opportunity (a...
- Management Override
- The circumvention of established internal controls by members of senior management. A key fraud risk in any organisation because those who set...
- Predication
- The reasonable basis that justifies opening a fraud examination. The ACFE holds that no examination should begin without adequate predication, meaning a...
- Rationalisation
- In the context of the fraud triangle, the mental justification a perpetrator uses to excuse fraudulent conduct. In interviewing, rationalisation is used...
- Rationalization
- The internal justification that allows a person to commit fraud while maintaining a self-image as an honest individual. Common forms include 'I...
Explained in these topics
- The Fraud Triangle: Pressure, Opportunity, and RationalisationCressey's original term for the pressure element. The problem need not be objectively severe; what matters is that the perpetrator perceives it as something th...
- The Fraud Triangle and Cressey's ModelCressey's original phrase for what is now called pressure or incentive. The problem is non-shareable because the person believes they cannot disclose it withou...