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Exam IIA-CIA-Part1 topic 5 question 84 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 84
Topic #: 5
[All IIA-CIA-Part1 Questions]

Which of the following conditions is the most likely indicator of fraud?

  • A. Commissions are paid based on verified increases to sales.
  • B. Departmental reports are consistently issued in an untimely manner.
  • C. A manager regularly assumes subordinates' duties.
  • D. Lower earnings occur during the industry's down cycle.
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Suggested Answer: C 🗳️
by Tarek77 at March 17, 2021, 4:40 p.m.

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cidifive
1 year, 5 months ago
It is an indication of fraud as it leads to uncertainty of responsibility and accountability.
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Tarek77
1 year, 7 months ago
Why the answer is C? What made is most likely a fraud?
upvoted 1 times
John1237
5 months ago
There must always be a separation of duties between authorization, recording and custody of assets associated with a transaction. If a manager regularly assumes subordinates' duties, it means that the manager can authorize and record the transaction. For example, the manager may initiate a transaction and validate it in the computer system.
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