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Exam IIA-CIA-Part2 All Questions

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Exam IIA-CIA-Part2 topic 2 question 64 discussion

Actual exam question from IIA's IIA-CIA-Part2
Question #: 64
Topic #: 2
[All IIA-CIA-Part2 Questions]

In response to an accounts receivable confirmation, a customer indicated that the invoice listed on the confirmation letter had been paid two months earlier.
This may indicate that:

  • A. The receivable was selected for confirmation in error.
  • B. The customer is a bad credit risk.
  • C. The receivable should be written off.
  • D. Fraudulent activity has occurred.
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Suggested Answer: D 🗳️

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Elvoo
2 weeks, 6 days ago
Selected Answer: A
Why not A?? There is no evidence from this response to suggest fraudulent activity. The discrepancy is likely due to timing differences between payment and confirmation.
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