Which of the following is NOT a component of the Fraud Triangle?

The Fraud Triangle is a well-established model used to understand the factors that lead to fraud. It comprises three components: opportunity, rationalization, and pressure. Each of these elements contributes to an individual's likelihood of committing fraud.

Opportunity refers to the ability to commit fraud, often enabled by weak internal controls or access to assets. Rationalization is the mental process by which individuals justify their dishonest actions, allowing them to reconcile their behavior with their personal values. Pressure, sometimes known as motivation, relates to the external or internal factors that drive an individual to commit fraud, such as financial difficulties.

The option identified as not being a component of the Fraud Triangle is investigation. While investigation is an important aspect of detecting and addressing fraud, it does not form part of the framework that defines the conditions that foster fraudulent behavior. Therefore, the presence of an investigation process does not influence or contribute to an individual's likelihood of committing fraud, distinguishing it from the other components of the Fraud Triangle.