Exam IIA-CIA-Part1 All QuestionsBrowse all questions from this exam
Question 205

Which of the following best describes the misdirection of payments on accounts receivable to an employee's bank account?

    Correct Answer: B

    The misdirection of payments on accounts receivable to an employee's bank account is best described as 'fraud hidden on the books.' This type of fraud involves manipulating the accounting records to hide the theft, making it appear as if the payments were properly accounted for while they are actually diverted to the employee's benefit. The term 'hidden on the books' suggests that the fraudulent activity is concealed within the legitimate accounting records.

Discussion
ElvooOption: B

Why not B?