Most Recent IIA-ACCA Exam Dumps

Prepare for the IIA ACCA CIA Challenge Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-ACCA exam and achieve success.

The questions for IIA-ACCA were last updated on Mar 31, 2025.

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Question No. 1

Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

ASenior management is charged with overseeing the establishment risk management and control processes.

BThe chief audit executive is responsible for overseeing the evaluation risk management and control processes.

COperating managers are responsible for assessing risks and controls in their departments.

DInternal auditors provide assurance about risk management and control process effectiveness.

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Correct Answer: B

Question No. 2

According to IIA guidance, which of the following is true regarding the exit conference for an internal audit engagement?

AA primary purpose of the exit conference is to provide for the timely communication of observations that call for immediate management action.

BBoth the chief audit executive and the chief executive over the activity or function reviewed must attend the exit conference to validate the findings.

CThe exit conference provides only anticipated results for inclusion in the final audit communication.

DDuring the exit conference, the performance of the internal auditors who executed the engagement is reviewed.

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Correct Answer: C

Question No. 3

Which of the following would most likely cause an internal auditor to consider adding fraud work steps to the audit program?

AImproper segregation of duties.

BIncentives and bonus programs.

CAn employee's reported concerns.

DLack of an ethics policy.

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Correct Answer: C

Question No. 4

Which of the following is an example of a directive control?

ASegregation of duties.

BException reports.

CIncentive compensation plans.

DAutomated reconciliations.

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Correct Answer: C

Question No. 5

If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?

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Correct Answer: D

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