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Free Qualified Info Systems Auditor CIA Challenge Exam Practice Questions

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Exam style questions across every IIA-CHAL-QISA domain

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Total Questions : 150

Start with our free IIA-CHAL-QISA practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIA Challenge Exam exam. Each IIA-CHAL-QISA exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your IIA weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 11

An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International Standards for the Professional Practice of Internal Auditing (Standards). Which of the following justifies inclusion of this clause in the reports?

Options:

A.  

Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct.

B.  

The audit committee has reviewed the annual self-assessment results and approved the use of the clause.

C.  

The self-assessment results were validated by a qualified external review team three years prior.

D.  

The internal audit charter, approved by the audit committee, requires conformance with the Standards

Discussion 0
Question # 12

According to IIA guidance, which of the following activities are typically primary objectives of engagement supervision?

Options:

A.  

Enable training and development of staff, identify engagement objectives, and assign responsibilities to individual auditors.

B.  

Identify engagement objectives, assign responsibilities to individual auditors, and approve the engagement program.

C.  

Assign responsibilities to individual auditors, approve the engagement program, and enable training and development of staff.

D.  

Approve the engagement program, enable training and development of staff, and identify engagement objectives

Discussion 0
Question # 13

An internal auditor has discovered that duplicate payments were made to one vendor Management has recouped the duplicate payments as a corrective action Which of the following describes managements action in this case?

Options:

A.  

A condition-based action plan

B.  

A cause-based action plan.

C.  

A root cause-based action plan.

D.  

An effect-based action plan.

Discussion 0
Question # 14

Which of the following activities demonstrates an example of the chief audit executive performing residual risk assessment?

Options:

A.  

Cost-benefit analysis of management not implementing a recommendation to address an observation.

B.  

Inquiry of corrective action to be completed within a certain period

C.  

Reporting the status of every observation for every engagement in a detailed manner.

D.  

Soliciting management's feedback after completion of the audit engagement.

Discussion 0
Question # 15

Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?

Options:

A.  

Appoint the chief audit executive as a member of the board.

B.  

Adopt written policies and procedures for the internal audit activity, approved by the board.

C.  

Ensure the chief audit executive reports administratively to the audit committee.

D.  

Establish the internal audit activity's position within the organization in an audit charter

Discussion 0
Question # 16

In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?

Options:

A.  

The CAE previously undertook a consulting assignment in that area to improve processes.

B.  

A couple of years ago, the CAE performed accounting functions for the payroll department.

C.  

Prior to becoming the CAE, the CAE was the payroll manager.

D.  

The assurance review was initiated following issues identified during a consulting assignment requested by management.

Discussion 0
Question # 17

While conducting an engagement in the procurement department, the internal auditor noticed that the department head’s travel reports showed minor travel expenses, and there were no charges for hotels, meals, or transportation However, the auditor knew that the department head frequently traveled worldwide to meet with suppliers and visit their production sites. Which of the following would be the most appropriate next step for the auditor?

Options:

A.  

The auditor should make a note of the issue for follow-up when employee travel expenses are audited.

B.  

The auditor should analyze trends and changes among the organization's suppliers over the past few years.

C.  

The auditor should investigate whether there are any special arrangements regarding senior management travel.

D.  

The auditor should analyze the list of destinations the department head visited to estimate typical costs

Discussion 0
Question # 18

According to IIA guidance, which of the following actions by the chief audit executive would best ensure that internal auditors demonstrate due professional care?

Options:

A.  

Developing policies and procedures for the internal audit activity

B.  

Ensuring the internal audit activity is not found fallible during audit engagements.

C.  

Undertaking all engagements that management requests of the internal audit activity.

D.  

Ensuring the internal audit activity reports functionally to the board of directors

Discussion 0
Question # 19

Which of the following is essential for ensuring that the internal audit activity’s findings and recommendations receive adequate consideration?

Options:

A.  

Reporting results of audits with recommendations to management.

B.  

Providing formal follow-up procedures to ensure that management complies with an action plan or accepted risk of not taking action.

C.  

Reporting quarterly to management that the audit plan is focused on higher exposures of risk.

D.  

Discussing audit findings with independent auditors.

Discussion 0
Question # 20

In the years after the mid-service point of a depreciable asset, which of the following depreciation methods will result in the highest depreciation expense?

Options:

A.  

Sum of the years’ digits.

B.  

Declining balance.

C.  

Double-declining balance.

D.  

Straight line.

Discussion 0

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