Free IIA IIA-ACCA Exam Questions

Become IIA Certified with updated IIA-ACCA exam questions and correct answers

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Total 610 Questions | Updated On: Nov 13, 2024

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Question 1

Which of the following is a characteristic of just-in-time inventory management systems?

A : ers determine the optimal level of safety stocks.

B : ey are applicable only to large organizations.

C : ey do not really increase overall economic efficiency because they merely shift inventory levels further up the supply chain.

D : ey rely heavily on high quality materials.

Answer: D

Question 2

According to IIA guidance, which of the following statements best justifies a chief audit executive's request for external consultants to complement internal audit activity (IAA) resources?

A : organization's audit universe is extensive and diverse.

B : ere has been an increase in unanticipated requests for advisory work.

C : evious work provided by the external service provider has been of great quality and value.

D : recent benchmarking study found that using external service providers is a common practice of similarly-sized IAAs in other organizations.

Answer: B

Question 3

Which of the following are likely indicators of ineffective change management?

1. IT management is unable to predict how a change will impact interdependent systems or business processes.

2. There have been significant increases in trouble calls or in support hours logged by programmers.

3. There is a lack of turnover in the systems support and business analyst development groups.

4. Emergency changes that bypass the normal control process frequently are deemed necessary.

A : 1 and 3 only

B : 2 and 4 only

C : 1, 2, and 4 only

D : 1, 2, 3, and 4

Answer: C

Question 4

Which of the following control features consists of a set of authorization codes that distinguishes among actions such as reading, adding, and deleting records?

A : ternally encrypted passwords

B : tem access privileges.

C : gon passwords

D : otocol controls.

Answer: B

Question 5

When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?

* During an audit of the hiring process in a law firm, it was discovered that potential employees' credentials were not always confirmed sufficiently. This process remained unchanged at the following audit.

* During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit.

* During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased.

* During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting are

a. It was corrected immediately.

A : 1 and 3 only

B : 1 and 4 only

C : 2 and 3 only

D : 2 and 4 only

Answer: B

Page: 1 / 122

Total 610 Questions | Updated On: Nov 13, 2024

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