ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part1 All Questions

View all questions & answers for the IIA-CIA-Part1 exam
Go to Exam

Exam IIA-CIA-Part1 topic 6 question 8 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 8
Topic #: 6
[All IIA-CIA-Part1 Questions]

Which of the following best describes the misdirection of payments on accounts receivable to an employee's bank account?

  • A. Fraud open on the books.
  • B. Fraud hidden on the books.
  • C. Fraud off the books.
  • D. Fraud on the balance sheet.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by Elvoo at April 21, 2024, 6:11 p.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
Kozy
4 weeks ago
Selected Answer: B
Misdirection of payments on accounts receivable to an employee's bank account typically involves: ✅ Recording the transaction within the accounting system (the books) to make everything appear normal. ✅ Concealing the fraud by manipulating records, adjusting customer accounts, or falsifying entries. ✅ The fraud remains hidden within the legitimate books — it's not visible without deeper investigation.
upvoted 1 times
...
Elvoo
9 months, 2 weeks ago
Why not B?
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel