IIA-ACCA Practice Exam Questions and Answers

A.  

She may participate, but only after she has completed one year with the IA

A.  

B.  

She may participate, because she did not previously work in the Human Resources Department.

C.  

She may participate, but she must be supervised by the auditor in charge.

D.  

She may participate for training purposes, to build her knowledge of the IA

A.  

A.  

Human rights and the environment.

B.  

Organizational governance and financial reporting.

C.  

Fair operating practices and government regulation.

D.  

Consumer issues and return on investment.

A.  

1 only

B.  

2 only

C.  

1 and 3.

D.  

2 and 4.

A.  

Comprehensive supervisory and verification procedures.

B.  

A well-designed system of internal controls.

C.  

A culture of integrity and transparency.

D.  

Unique operating environments with varying complexity.

A.  

Statistical sampling only

B.  

Nonstatistical sampling only

C.  

A combination of both statistical and nonstatistical sampling.

D.  

Neither approach to testing the audit theory would be cost effective.

A.  

From sharing to reduction.

B.  

From acceptance to reduction.

C.  

From sharing to avoidance.

D.  

From acceptance to avoidance.

A.  

The internal audit activity's responsibility for imposing risk management processes.

B.  

The internal audit activity's responsibility for the organization's governance framework.

C.  

The nature of consulting services provided by the internal audit activity.

D.  

The budgeting process for the internal audit activity.

A.  

Independently evaluate the skills and experience of potential chief information officer candidates to assess the best fit based on the organization's risk appetite.

B.  

Evaluate the organization's governance standards and assess IT-related activities to identify gaps and develop policies, ensuring alignment with the organization's risk appetite.

C.  

Assist management in interpreting complex IT-related privacy and security risk exposures and evaluating potential mitigation strategies.

D.  

Assess whether governance activities are aligned with the organization's risk appetite and take into consideration emerging risks.

A.  

An internal auditor evaluates the significant risks arising from a consulting engagement.

B.  

An internal auditor declares that he would have a conflict of interest in providing planned audit support.

C.  

An internal auditor has been given sufficient authority to access documents needed to make an appraisal of an issue.

D.  

An internal auditor uses technology-based audit techniques to ensure that all significant risks are identified.

A.  

Proceed with the audit engagement, but do not include the relative's information.

B.  

Have the chief audit executive and management determine whether the auditor should continue with the audit engagement.

C.  

Disclose in the engagement final communication that the relative is a customer.

D.  

Immediately withdraw from the audit engagement.