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: Jan 14, 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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Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?
Answer: A
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Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?
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Question 2
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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 3
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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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Question 4
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Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?
Answer: C
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Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?
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Question 5
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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?
Answer: A
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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?