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Last Update 15 hours ago Total Questions : 604
The ACCA CIA Challenge Exam content is now fully updated, with all current exam questions added 15 hours ago. Deciding to include IIA-ACCA practice exam questions in your study plan goes far beyond basic test preparation.
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An organization needs to borrow a large amount of cash to fund its expansion plan. Which of the following annual interest rates is least expensive?
An internal auditor is reviewing the accounts receivable when she discovers account balances more than three years old. The auditor was previously supervising the area during this time, and she subsequently advises the chief audit executive (CAE) of a potential conflict.
Which of the following is the most appropriate course of action for the CAE to take?
Which of the following are appropriate reasons for internal auditors to document processes as part of an audit engagement?
1. To determine areas of primary concern.
2. To establish a standard format for process mapping.
3. To define areas of responsibility within the organization.
4. To assess the performance of employees.
An internal auditor is trying to assess control risk and the effectiveness of an organization ' s internal controls. Which of the following audit procedures would not provide assurance to the auditor on this matter?
Which of the following is a primary objective of the theory of constraints?
Which of the following budgets must be prepared first?
Which of the following is a typical example of structured data?
An internal auditor needs to recommend a policy element to be included in an organization ' s code of ethics. Which of the following recommendations would be most effective?
Which of the following professional development approaches would offer internal auditors the most opportunities to broaden their engagement experiences?
According to the International Professional Practices Framework, which of the following are allowable activities for an internal auditor?
1. Advocating the establishment of a risk management function.
2. Identifying and evaluating significant risk exposures during audit engagements.
3. Developing a risk response for the organization if there is no chief risk officer.
4. Benchmarking risk management activities with other organizations.
5. Documenting risk mitigation strategies and techniques.
The chief audit executive (CAE) has assigned an internal auditor to an upcoming engagement. Which of the following requirements would most likely indicate that the internal auditor was assigned to an assurance engagement?
Which of the following statements describes an engagement planning best practice?
During an assurance engagement, an internal auditor noted that the time staff spent accessing customer information in large Excel spreadsheets could be reduced significantly through the use of macros. The auditor would like to train staff on how to use the macros. Which of the following is the most appropriate course of action for the internal auditor to take?
During an assurance engagement, an internal auditor discovered that a sales manager approved numerous sales contracts for values exceeding his authorization limit. The auditor reported the finding to the audit supervisor, noting that the sales manager had additional new contracts under negotiation. According to IIA guidance, which of the following would be the most appropriate next step?
An internal auditor notes that employees continue to violate segregation-of-duty controls in several areas of the finance department, despite previous audit recommendations. Which of the following recommendations is the most appropriate to address this concern?
