Iceberg Theory: the theory compares fraud to an iceberg at sea level, only the tip of the iceberg is exposed at sea level. In essence, the theory is to investigate financial fraud from the two main factors of structure and behavior, "the structure part is on the sea level, and the behavior part is below the sea level". The content of fraud structure is clear and can be discriminated, and its content is mainly the organizational management problems such as efficiency and quality measures, hierarchy, financial resources and so on. The content of fraud is very subjective and personalized, which is easy to be covered up. Its content mainly includes emotion, values, encouragement and satisfaction. The theory holds that individual behavior has a greater impact on whether financial fraud will occur, and we should pay more attention to the risk of individual behavior when analyzing and studying financial fraud.<br>
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