Dr. Phil and Montel help AIS students “Get Real” with the fraud triangle

• The case helps AIS students use the fraud triangle to identify possible misappropriation of assets.
• Students study videos of guests on The Dr. Phil Show and The Montel Williams Show who committed fraud.
• Quiz results show an increase in knowledge of the fraud triangle from completing the case.
• Students perceived that they learned more by completing the case and enjoyed the case.

This case helps AIS students better understand the usefulness of the fraud triangle for identifying signs or “red flags” of potential misappropriation of assets. Students watch two video clips and read related transcript excerpts about two individuals who misappropriated assets at their respective places of employment. One clip is from an episode of The Dr. Phil Show, while the other is from an episode of The Montel Williams Show. Students are required to identify red flags that are present in each respective interview and that indicate pressures, opportunities, and rationalizations (the three sides of the fraud triangle) for committing misappropriation of assets.