Free Practice IIA IIA-ACCA Exam Questions 2025

Stay ahead with 100% Free ACCA CIA Challenge IIA-ACCA Dumps Practice Questions

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Total 610 Questions | Updated On: Apr 08, 2025

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Question 1

Which of the following is not a barrier to effective communication?

A : Filtering.

B : Communication overload.

C : Similar frames of reference.

D : Lack of source credibility.

Answer: C

Question 2

According to Porter, which of the following is associated with fragmented industries?

A : Weak entrance barriers.

B : Significant scale economies.

C : Steep experience curve.

D : Strong negotiation power with suppliers.

Answer: A

Question 3

Which of the following is an effective approach for internal auditors to take to improve collaboration with audit clients during an engagement?

1. Obtain control concerns from the client before the audit begins so the internal auditor can tailor the scope accordingly.

2. Discuss the engagement plan with the client so the client can understand the reasoning behind the approach.

3. Review test criteria and procedures where the client expresses concerns about the type of tests to be conducted.

4. Provide all observations at the end of the audit to ensure the client is in agreement with the facts before publishing the report.

A : 1 and 2 only

B : 1 and 4 only

C : 2 and 3 only

D : 3 and 4 only

Answer: A

Question 4

Which of the following statements is true regarding reversing entries in an accounting cycled

A : Reversing all previous closing adjustments is a mandatory step in the accounting cycle

B : Reversing entries should be completed at the end of the next accounting period after recording regular transactions of the period

C : Reversing entries are identical to the adjusting entries made in the previous period.

D : Reversing entries are the exact opposite of the adjustments made in the previous period.

Answer: D

Question 5

Which of the following describes the result if an organization records merchandise as a purchase, but fails to include it in the closing inventory count?

A : The cost of goods sold for the period will be understated.

B : The cost of goods sold for the period will be overstated.

C : The net income for the period will be understated.

D : There will be no effect on the cost of goods sold or the net income for the period.

Answer: B

Page: 1 / 122

Total 610 Questions | Updated On: Apr 08, 2025

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