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 Feb 25,2025.
- Exam Code: IIA-CHAL-QISA
- Exam Name: Qualified Info Systems Auditor CIA Challenge Exam
- Certification Provider: IIA
- Latest update: Feb 25,2025
What is the primary reason that audit supervision includes approval of the engagement report?
- A . To ensure the objectives of the area under review are met
- B . To ensure senior management supports the reports conclusions
- C . To ensure report style and grammar are appropriate.
- D . To ensure report findings are substantiated
A multinational organization has multiple divisions that sell their products internally to other divisions.
When selling internally, which of the following transfer prices would lead to the best decisions for the organization?
- A . Full cost
- B . Full cost plus a markup.
- C . Market price of the product.
- D . Variable cost plus a markup.
The audit plan requires a review of the testing procedures used in pre-production of a large information system prior to its live launch.
If the chief audit executive (CAE) is uncertain that the current audit team has all the required knowledge to conduct the engagement, which of the following would be the most appropriate course of action for the CAE to take to preserve independence?
- A . Contract with the software vendor to provide an appropriate resource
- B . Ask for a knowledgeable resource from the IT department
- C . Make use of an external service provider.
- D . Request audit resources through the external auditor.
For a new board chair who has not previously served on the organization’s board, which of the following steps should first be undertaken to ensure effective leadership to the board*?
- A . Chair should learn the current organizational culture of the company.
- B . Chair should learn the current risk management system of the company
- C . Chair should determine the appropriateness of the current strategic risks.
- D . Chair should gain an understanding of the needs of key stakeholders.
According to IIA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the Internal audit activity^
- A . CAE reviews and approves the annual audit plan.
- B . CAE meets privately with the CEO at least annually
- C . CAE meets privately with the board at least annually.
- D . CAE reports to the board regarding audit staff performance evaluation and compensation.
Which of the following is the most important determinant of the objectives and scope of assurance engagements?
The organizational chart, business objectives, and policies and procedures of the area to be reviewed
- A . The most recent risk assessment conducted by management of the area to be reviewed.
- B . The requests of operational and senior management throughout the organization.
- C . The preliminary risk assessment performed by internal auditors planning the engagement.
An internal auditor is asked to determine why the production line for a large manufacturing organization has been experiencing shutdowns due to unavailable parts The auditor learns that production data used for generating automatic purchases via electronic interchange is collected on personal computers connected by a local area network (LAN) Purchases are made from authorized vendors based on both the production plans for the next month and an authorized materials requirements plan (MRP) that identifies the parts needed per unit of production. The auditor suspects the shutdowns are occurring because purchasing requirements have not been updated for changes in production techniques.
Which of the following audit procedures should be used to test the auditor’s theory?
- A . Compare purchase orders generated from test data Input into the LAN with purchase orders generated from production data for the most recent period.
- B . Develop a report of excess inventory and compare the inventory with current production volume.
- C . Compare the parts needed based on current production estimates and the MRP for the revised production techniques with the purchase orders generated from the system for the same period
- D . Select a sample of production estimates and MRPs for several periods and trace them into the system to determine that input is accurate
In an assurance engagement focused on the adequacy of organization wide risk management practices, which of the following best describes a primary area of interest for the engagement?
- A . The effectiveness of process-level and transaction-level controls.
- B . Conflicts of interest within the organizational structure of the senior management.
- C . The alignment of management decisions with the level of risk the organization is willing to accept.
- D . The actions of upper management in response to the internal audit Atchley’s reporting
Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?
- A . Evaluate how the organization manages fraud risk.
- B . Establish procedures for improving risk management processes.
- C . Ensure risk responses are aligned with industry standards
- D . Verify that organizational objectives are aligned with each departments objectives.
A regional entertainment organization is in the process of developing a corporate social responsibility (CSR) policy. Management invites ideas from employees when developing the CSR policy.
Which of the following is the most appropriate idea to include?
- A . Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with CSR.
- B . The board Is responsible for ensuring that CSR objectives are established, risks are managed, performance is measured, and activities are appropriately monitored and reported
- C . Management is responsible for ensuring that the organization’s CSR principles are communicated, understood, and integrated into decision-making processes.
- D . Generally, CSR activities are limited to the management of the organization, thus, employees do not have a responsibility for ensuring the success of CSR objectives.
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