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Exam IIA-CHAL-QISA topic 1 question 21 discussion

Actual exam question from IIA's IIA-CHAL-QISA
Question #: 21
Topic #: 1
[All IIA-CHAL-QISA Questions]

Which of the following fraud schemes is often an off-book fraud?

  • A. Payroll fraud.
  • B. Disbursement fraud.
  • C. Corruption.
  • D. Information misrepresentation.
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Suggested Answer: B 🗳️

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jsalamba
2 weeks, 4 days ago
Selected Answer: C
Corruption schemes, such as bribery or kickbacks, are often conducted off-book to avoid detection. These schemes involve secret payments or benefits, which are not recorded in the organization's financial records. This makes them difficult to detect through traditional auditing techniques. Payroll, disbursement, and information misrepresentation frauds are typically recorded in the organization's financial systems, making them more likely to be detected through internal controls and audits.
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