Differentiate between Fraud Triangle Vs Fraud Risk Vs Fraud Risk assessment.

A fraud triangle is a tool used in forensic auditing that explains three interrelated elements that assist the commission of fraud-Pressure (motive), opportunity (ability to carry out the fraud) and rationalization (justification of dishonest intentions). Fraud risk is the vulnerability a company/organisation has to those who are capable of overcoming the three elements in the fraud triangle. Fraud risk assessment is the identification of fraud risks that exist in the company/ organisation. The planning involves the formulation of techniques and procedures that align with the fraud risk and fraud risk management.