IIA IIA-ACCA ACCA CIA Challenge Exam Online Training
IIA IIA-ACCA Online Training
The questions for IIA-ACCA were last updated at Jan 19,2025.
- Exam Code: IIA-ACCA
- Exam Name: ACCA CIA Challenge Exam
- Certification Provider: IIA
- Latest update: Jan 19,2025
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
- A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.
- B . The chief audit executive reports both functionally and administratively to the CEO.
- C . The internal audit charter is drafted properly and approved by the appropriate parties.
- D . The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
- A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.
- B . The chief audit executive reports both functionally and administratively to the CEO.
- C . The internal audit charter is drafted properly and approved by the appropriate parties.
- D . The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
- A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.
- B . The chief audit executive reports both functionally and administratively to the CEO.
- C . The internal audit charter is drafted properly and approved by the appropriate parties.
- D . The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
- A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.
- B . The chief audit executive reports both functionally and administratively to the CEO.
- C . The internal audit charter is drafted properly and approved by the appropriate parties.
- D . The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
- A . An independent third party has assessed the organization’s system of internal controls to be adequate and effective.
- B . The chief audit executive reports both functionally and administratively to the CEO.
- C . The internal audit charter is drafted properly and approved by the appropriate parties.
- D . The mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
Losing bidders are hired as subcontractors.
- A . 1 only
- B . 2 only
- C . 1 and 3.
- D . 2 and 4.
Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?
- A . Manage and support a quality assurance and improvement program.
- B . Maintain industry-specific knowledge appropriate to the audit engagements
- C . Set clear performance standards for internal auditors and the internal audit activity.
- D . Apply problem-solving techniques for routine situations.
According to The IIA’s Code of Ethics, which of the following statements is true?
- A . When an internal auditor releases required information to a regulator, resulting in a significant loss through fines and penalties for the organization, he fails to add value.
- B . When an internal auditor limits the scope of the audit engagement after learning that management is hiding relevant information, he demonstrates integrity.
- C . When an internal auditor disagrees with the treatment received by workers in the organization’s foreign subsidiary and alters the audit program to highlight the issue, he fails to demonstrate objectivity.
- D . When an internal auditor continues with an audit engagement, despite the audit client’s claims that the work performed is unnecessary and redundant he fails to demonstrate competency.
Which of the following controls could an internal auditor reasonably conclude is effective by observing the physical controls of a large server room?
- A . Adequate signs are in place to assist in locating safety equipment.
- B . Servers are secured individually to their racks by locks.
- C . Foam fire extinguishers are operable to protect against electrical fires.
- D . Swipe card access is required to gain access to the server room.
Which of the following are generally recognized as essential elements of a corporate social responsibility program?
- A . Human rights and the environment.
- B . Organizational governance and financial reporting.
- C . Fair operating practices and government regulation.
- D . Consumer issues and return on investment.
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