What are the elements of fraud and the importance of studying fraud? How does knowledge of fraud benefit stakeholders beyond theaccounting department?

Introductiona) What are the elements of fraud and the importance of studying fraud? How does knowledge of fraud benefit stakeholders beyond theaccounting department?b) What are the different theories of crime causations? How does the identification of the cause of the fraud assist the investigator in determiningthe perpetrator and the extent of the crime? Provide specific examples that link crime causation to the perpetrator and the crime.c) Use the fraud triangle to discuss red flags of evidence of pressure, opportunity, and rationalization typically present when fraud occurs. Be sureto link each red flag to a specific area of the fraud triangle.d) Describe the regulatory and legal factors that impact the prevention and/or detection of fraud.e) Explain the recent developments that impact the accounting industry and specifically the fraud investigation. Consider linking previous cases offraud to changes in the fraud investigation.