Therefore, the fraud risk factors used in this study can be classified into four main groups (factors). The most significant group (in terms of the amount of variance that it explains) is poor management and governance by the client, issues that were seen by the respondents as generally the most important fraud risk factors. The other groups, in order of significance, are problems in the client’s financial performance, failure to meet targets and conditions, and problems related to the nature of the client’s business.