Most Recent IIA-ACCA Exam Questions & Answers

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 Jan 17, 2025.

Viewing page 1 out of 121 pages.
Viewing questions 1-5 out of 604 questions

Get All 604 Questions & Answers

Question No. 1

Which of the following would be a risk in the development of end-user computing (EUC) applications, compared to traditional information systems?

AManagement might place the same degree of reliance in reports produced by EUC applications as it does in reports produced under traditional systems development procedures .

BThe organization may incur higher application development and maintenance costs for EUC systems.

CSince development time is typically longer for EUC applications, management may not be able to respond quickly to competitive pressures

DManagement may not be able to make quick and accurate decisions due to a diminished capacity to respond to managerial requests for computerized information

Show Answer

Correct Answer: A

Question No. 2

Which of the following statements about internal audit's follow-up process is true?

AThe nature, timing, and extent of follow-up for assurance engagements is standardized to ensure quality performance.

BThe actions of external auditors and other external assurance providers is not encompassed by internal audit's follow-up process.

CInternal auditors have responsibility for determining if management and the board have implemented the recommended action or otherwise accepted the risk.

DThe follow-up process must be complete and documented in the working papers in order to conclude the engagement.

Show Answer

Correct Answer: C

Question No. 3

Refer to the exhibit.

A company's financial balance sheet is presented below:

The company has net working capital of:

A$160

B$210

C$350

D$490

Show Answer

Correct Answer: B

Question No. 4

A chief audit executive (CAE) is selecting an internal audit team to perform an audit engagement that requires a high level of knowledge in the areas of finance, investment portfolio management, and taxation. If neither the CAE nor the existing internal audit staff possess the required knowledge, which of the following actions should the CAE take?

APostpone the audit until the CAE hires internal audit staff with the required knowledge.

BAsk the audit committee to decide the course of action.

CSelect the most experienced auditors in the department to perform the engagement.

DHire consultants who possess the required knowledge to perform the engagement.

Show Answer

Correct Answer: D

Question No. 5

Management is developing and implementing a risk and control framework for use throughout the organization. Which of the following elements should be included in the organization's control framework?

1. Appropriate levels of authority and responsibility.

2. Supervision of staff and appropriate review of work.

3. The seniority of management in the organization.

4. The ability to trace each transaction to an accountable and responsible individual.

A1,2, and 3.

B1.2, and 4.

C1.3, and 4.

D2, 3, and 4.

Show Answer

Correct Answer: D

Unlock All Questions for IIA IIA-ACCA Exam

Full Exam Access, Actual Exam Questions, Validated Answers, Anytime Anywhere, No Download Limits, No Practice Limits

Get All 604 Questions & Answers