IIA Exam IIA-CRMA Topic 5 Question 78 Discussion

Actual exam question for IIA's IIA-CRMA exam

Question #: 78
Topic #: 5

[All IIA-CRMA Questions]

In which of the following functions would fraud be most likely to occur?

AMaintaining custody of inventory records.

BCollecting payments on accounts.

CApproving changes to employee records.

DPreparing customer statements.

Show Suggested Answer

Suggested Answer: B

by Gianna at May 17, 2024, 07:27 AM

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Slyvia

2 months ago

I don't know, but if I were a fraudster, I'd go for the option that rhymes with 'baking payments'.

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Staci

24 days ago

C) Approving changes to employee records.

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Nathalie

28 days ago

B) Collecting payments on accounts.

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Gail

1 months ago

A) Maintaining custody of inventory records.

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Viola

2 months ago

A) Maintaining custody of inventory records is the clear answer. Who's checking what's going in and out, right?

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Mariko

3 months ago

D) Preparing customer statements looks the most vulnerable to me. You could easily fudge the numbers there.

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Hester

1 months ago

Maintaining custody of inventory records is another function where fraud could easily occur.

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Shannon

2 months ago

I think collecting payments on accounts could also be a potential area for fraud.

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Jean

2 months ago

I agree, preparing customer statements seems like an easy place to manipulate numbers.

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Yolando

3 months ago

I'm going with C) Approving changes to employee records. You can easily inflate salaries or add fake employees.

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Paris

1 months ago

D) Preparing customer statements could also be a place where fraud could occur.

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Beckie

2 months ago

I think B) Collecting payments on accounts could also be a potential area for fraud.

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Vashti

2 months ago

I agree, C) Approving changes to employee records seems like a high-risk area for fraud.

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Goldie

3 months ago

Hmm, I'd say B) Collecting payments on accounts. That's where the money is, so it's ripe for fraud.

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Sol

2 months ago

Yeah, it's important to have strong controls in place to prevent any fraudulent activity.

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Irving

3 months ago

I agree, collecting payments on accounts is definitely a high-risk area for fraud.

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Miss

3 months ago

I disagree, I believe fraud could also occur in approving changes to employee records.

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Wayne

3 months ago

I agree with Han, collecting payments on accounts seems like a vulnerable area for fraud.

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Han

3 months ago

I think fraud would be most likely to occur in collecting payments on accounts.

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