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

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

3 days ago

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

upvoted 0 times

...

5 days ago

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

upvoted 0 times

...

6 days ago

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

upvoted 0 times

...

11 days ago

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

upvoted 0 times

...