Free IIA IIA-ACCA Exam Questions
Absolute Free IIA-ACCA Exam Practice for Comprehensive Preparation
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IIA IIA-ACCA Exam Questions
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Provided By: IIA
- Exam: ACCA CIA Challenge
- Certification: Certified Internal Auditor
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Total Questions: 610
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Updated On: Jul 25, 2026
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Rated: 4.9 |
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Online Users: 1220
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Question 1
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An assurance mapping exercise helps an organization do which of the following?1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.2. Fulfill best practices in the industry.3. Identify and address any gaps in the risk management process.4. Identify fraud.
Answer: B
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Question 2
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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?
Answer: B
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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?
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Question 3
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According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?
Answer: B
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According to MA guidance, which of the following best describes an adequate management (audit) trail application control for the general ledger?
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Question 4
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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 area. It was corrected immediately.
Answer: B
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Question 5
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Which of the following is useful for forecasting the required level of inventory?1. Statistical modeling.2. Information about seasonal variations in demand.3. Knowledge of the behavior of different business cycles.4. Pricing models linked to seasonal demand.
Answer: C
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