Free Practice IIA IIA-ACCA Exam Questions 2025

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

Page: 1 / 122

Total 610 Questions | Updated On: Jan 27, 2025

Add To Cart

Question 1

The chief audit executive (CAE) has assigned an internal auditor to an upcoming engagement. Which of the following requirements would most likely indicate that the internal auditor was assigned to an assurance engagement?

A : The assigned internal auditor must determine the objectives, scope, and techniques of the engagement.

B : The CAE must personally obtain the needed skills, knowledge, or other competencies if the internal auditor does not have them.

C : The assigned internal auditor must not assume management responsibilities while performing the engagement.

D : The assigned internal auditor must maintain objectivity while performing the engagement.

Answer: A

Question 2

While preparing for an audit of senior management expenses, the chief audit executive (CAE) learns that management is unable to locate a number of original expense claims to support the related disbursements. She decides to defer the engagement until they can be located. Which of the following principles likely guided the CAE's decision?

A : Objectivity.

B : Proficiency.

C : Independence.

D : Due professional care.

Answer: D

Question 3

The internal audit activity completed an initial risk analysis of the organization's data storage center and found several areas of concern. Which of the following is the most appropriate next step?

A : Risk response.

B : Risk identification.

C : Identification of context.

D : Risk assessment.

Answer: D

Question 4

Which of the following is the primary engagement responsibility of an entry-level internal auditor?

A : Leadership.

B : Documentation.

C : Analysis.

D : Reporting.

Answer: C

Question 5

When forming an opinion on the adequacy of management's systems of internal control, which of the following findings would provide the most reliable assurance to the chief audit executive?

* During an audit of the hiring process in a law firm, it was discovered that potential employees' credentials were not always confirmed sufficiently. This process remained unchanged at the following audit.

* During an audit of the accounts payable department, auditors calculated that two percent of accounts were paid past due. This condition persisted at a follow up audit.

* During an audit of the vehicle fleet of a rental agency, it was determined that at any given time, eight percent of the vehicles were not operational. During the next audit, this figure had increased.

* During an audit of the cash handling process in a casino, internal audit discovered control deficiencies in the transfer process between the slot machines and the cash counting are

a. It was corrected immediately.

A : 1 and 3 only

B : 1 and 4 only

C : 2 and 3 only

D : 2 and 4 only

Answer: B

Page: 1 / 122

Total 610 Questions | Updated On: Jan 27, 2025

Add To Cart