IIA-CHAL-QISA Exam - Topic 2 Question 35 Discussion

Actual exam question for IIA's IIA-CHAL-QISA exam

Question #: 35
Topic #: 2

According to IIA guidance, which of the following is true regarding typical fraud schemes?

1. A diversion occurs when an employee has an undisclosed personal economic interest in a transaction that adversely affects the organization

2. Tax evasion is intentional reporting of false or misleading information on a tax return by an organization to reduce taxes owed.

3. Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization's records

4 Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services

A1 and 3.

B1 and 4

C2 and 3.

D2 and 4

Show Suggested Answer

Suggested Answer: D

Diversion typically involves redirecting resources or assets for personal use, not just having an undisclosed interest.

Tax evasion involves deliberate falsification of financial information to avoid tax liabilities.

Skimming is taking cash before it is recorded in the accounting system, usually difficult to detect.

Disbursement fraud involves creating fictitious invoices or vendors to divert funds.

by Regenia at Jan 05, 2026, 05:16 AM

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Lynelle

4 days ago

I'm feeling lucky, let's go with B) 1 and 4. Diversion and disbursement fraud sound like a winning combo.

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Keshia

9 days ago

Hmm, I'm going with D) 2 and 4. Tax evasion and disbursement fraud are the trickiest ones to catch.

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Ressie

1 month ago

C) 2 and 3 is the way to go. Tax evasion and skimming are the most common fraud schemes.

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Taryn

1 month ago

A) 1 and 3 looks good to me. Diversion and skimming are classic fraud tactics.

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Celestine

1 month ago

I think the correct answer is B) 1 and 4. Diversion and disbursement fraud seem to be the most relevant fraud schemes described.

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Carin

2 months ago

I recall disbursement fraud being about fake payments, so I think option B might be right, but I need to double-check that.

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Kristofer

2 months ago

I’m a bit confused about tax evasion; I thought it was more about illegal actions rather than just misleading info. Could it be option D?

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Cassandra

2 months ago

I practiced a question similar to this, and I feel like skimming definitely involves adjusting records, so maybe option A is correct?

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Jamie

2 months ago

I think I remember that a diversion is more about conflicts of interest, but I'm not entirely sure if that's what they're asking here.

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Bette

2 months ago

I'm still a bit confused on the distinctions between these fraud schemes. Maybe I should review my notes on common fraud types before moving on.

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Elsa

2 months ago

Tax evasion is intentional reporting of false information, so that rules out option 2. Disbursement fraud makes sense too. I'll go with B.

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Silva

3 months ago

Okay, let me think this through. Diversion and skimming both involve employees taking assets, but skimming is normally concealed in the records, right? I think I've got it.

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Francis

3 months ago

Hmm, I'm a bit unsure about the difference between diversion and skimming. I'll need to re-read those options carefully.

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Wava

3 months ago

I'm pretty confident about this one. The key is to focus on the IIA guidance and identify the typical fraud schemes described.

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