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IIA Exam IIA-CGAP Topic 8 Question 93 Discussion

Actual exam question for IIA's IIA-CGAP exam
Question #: 93
Topic #: 8
[All IIA-CGAP Questions]

All of the following are the examples of Cash/Accounts Receivable Red Flags please choose the correct option:

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Suggested Answer: C

by Kati at Nov 17, 2024, 11:49 PM

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Mira
2 months ago
A) Employee lifestyle changes? You mean like a fancy sports car and a diamond the size of my head? Sounds like someone's been skimming the till!
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Tawna
1 months ago
B) I agree, those are definitely red flags to watch out for.
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Margot
2 months ago
A) Yeah, definitely seems suspicious. They must be up to something shady.
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Bette
2 months ago
A) Wow, good to know. I'll keep an eye out for those signs in the future.
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Curtis
2 months ago
D) It's actually all of the above. Both employee lifestyle changes and behavioral changes are red flags to watch out for.
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Antione
2 months ago
B) Definitely, sudden behavioral changes can also be a sign that something fishy is going on.
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Deandrea
2 months ago
A) Yeah, that's a major red flag. Living beyond your means is a big indicator of financial fraud.
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Franchesca
3 months ago
C) None of the above? Really? I think the examiner is trying to trick us with that one.
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Celeste
3 months ago
B) Behavioral changes can be a big clue. You know what they say, 'Look for the smoke, there might be a fire.'
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Pearline
2 months ago
D) All of the above.
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Jacinta
2 months ago
B) Behavioral changes: may be indication of drug, alcohol, or gambling problem.
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Gearldine
2 months ago
A) Employee lifestyle changes: expensive cars, jewelry, homes, clothes.
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Leota
3 months ago
I'm not sure, but I think it's important to consider all the red flags mentioned in the options to ensure financial stability.
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Kassandra
3 months ago
I agree with Keena, because all those examples could indicate potential issues with cash or accounts receivable.
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Keena
3 months ago
I think the answer is D) All of the above.
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Cornell
3 months ago
D) All of the above. Definitely the right answer. These are all classic red flags for potential misappropriation of cash or accounts receivable.
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Amie
2 months ago
D) All of the above. Definitely the right answer. These are all classic red flags for potential misappropriation of cash or accounts receivable.
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Billy
2 months ago
B) Behavioral changes: may be indication of drug, alcohol, or gambling problem.
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Flo
3 months ago
A) Employee lifestyle changes: expensive cars, jewelry, homes, clothes.
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