IIA IIA-CHAL-QISA Qualified Info Systems Auditor CIA Challenge Exam Online Training
IIA IIA-CHAL-QISA Online Training
The questions for IIA-CHAL-QISA were last updated at Jan 28,2025.
- Exam Code: IIA-CHAL-QISA
- Exam Name: Qualified Info Systems Auditor CIA Challenge Exam
- Certification Provider: IIA
- Latest update: Jan 28,2025
Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?
- A . Appoint the chief audit executive as a member of the board.
- B . Adopt written policies and procedures for the internal audit activity, approved by the board.
- C . Ensure the chief audit executive reports administratively to the audit committee.
- D . Establish the internal audit activity’s position within the organization in an audit charter
The internal audit activity plans to assess the effectiveness of management’s self-assessment activities regarding the risk management process.
Which of the following procedures would be most appropriate to accomplish this objective?
- A . Review corporate policies and board minutes for examples of risk discussions.
- B . Conduct interviews with line and senior management on current practices.
- C . Research and review relevant industry information concerning key risks.
- D . Observe and test control and monitoring procedures and related reporting.
Which of the following statements is true regarding engagement planning?
- A . The scope of the engagement should be planned according to the internal audit activity’s budget and then aligned to the risk universe.
- B . The audit engagement objectives should be based on operational managements view of risk objectives
- C . The planning phase of the engagement should be completed and approved before the fieldwork of the engagement begins.
- D . The main purpose of the engagement work program is to determine the nature and timing of procedures required to gather audit evidence
According to IIA guidance, which of the following statements regarding the internal audit charter is true?
- A . The nature of consulting services typically is not included in the charter.
- B . The chief audit executive must formally review the charter at least once a year
- C . The nature of assurances provided to parties outside of the organization typically is not included in the charter.
- D . The charter typically defines the internal audit activity’s position within the organization.
Which of the following would be the most effective fraud prevention control?
- A . Email alert sent to management for checks issued over S100.000.
- B . installation of a video surveillance system in a warehouse prone to inventory loss
- C . New hire training to explain fraud and employee misconduct.
- D . Daily report that Identifies unsuccessful system log-in attempts
While conducting an engagement in the procurement department, the internal auditor noticed that the department head’s travel reports showed minor travel expenses, and there were no charges for hotels, meals, or transportation However, the auditor knew that the department head frequently traveled worldwide to meet with suppliers and visit their production sites.
Which of the following would be the most appropriate next step for the auditor?
- A . The auditor should make a note of the issue for follow-up when employee travel expenses are audited.
- B . The auditor should analyze trends and changes among the organization’s suppliers over the past few years.
- C . The auditor should investigate whether there are any special arrangements regarding senior management travel.
- D . The auditor should analyze the list of destinations the department head visited to estimate typical costs
Which of the following statements best describes the difference between risk appetite and risk tolerance?
- A . Risk appetite applies to specific objectives, while risk tolerance refers to an organization’s general attitude toward risk.
- B . Risk appetite refers to the degree of risk acceptance for a particular objective, while risk tolerance is one approach to risk management
- C . Risk appetite refers to an organization’s general level of acceptance, while risk tolerance is a more specific and subordinate concept
- D . There is no significant difference between the two terms
Which of the following is a true statement regarding whistleblowing?
- A . Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.
- B . Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behavior
- C . Whistleblowers are current or former employees who are disgruntled and looking to retaliate.
- D . Whistleblowers should inform the organization about actual criminal circumstances, not assumed allegations.
An internal auditor discovered fraud while performing an audit of an organization’s procurement process.
Which of the following describes the greatest benefit of using forensic auditing techniques in this scenario?
- A . Enhanced capability to prevent frauds from occurring.
- B . Greater assurance that procurement frauds will be detected in a timely manner
- C . Improved capability of evaluating fraud risks within the organization.
- D . Greater understanding of fraud through better evidence collection
An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping She wonders whether they can also modify orders after shipping.
Which of the following types of controls should she examine?
- A . Batch controls.
- B . Application controls
- C . General IT controls.
- D . Logical access controls
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