accounting for governmental and not for profit organizations
Read the article â€œLessons Learned from Shocking Municipal Fraud Casesâ€ by Drew Adamek in the October 2018 issue of the Journal of Accountancy. You can find the article at www.journalofaccountancy.com/newsletters/2018/oct/lessons-learned-municipal-fraud-cases.html.
The fraud triangle is frequently used to examine why fraud occurs in businesses, governments, and charitable organization. The fraud triangle has three sidesâ€”opportunity, pressure, and rationalization. Opportunity focuses on the characteristics of a situation that made it easy for the fraud to occur. This side of the triangle examines factors like the fraudster â€œbeing in the right place at the right timeâ€ and lack of good internal controls in the organization.
Based on Drew Adamekâ€™s article, provide specifics that indicate why the opportunity often exists in a government for fraud to occur.
Limit your response to 400 words.