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Free ACCA CIA Challenge Exam Practice Questions

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Exam style questions across every IIA-ACCA domain

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Total Questions : 604

Start with our free IIA-ACCA practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real CIA Challenge Exam exam. Each IIA-ACCA 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 # 41

Which of the following components should be included in an audit finding?

1. The scope of the audit.

2. The standard(s) used by the auditor to make the evaluation.

3. The engagement's objectives.

4. The factual evidence that the internal auditor found in the course of the examination.

Options:

A.  

1 and 2

B.  

1 and 3 only

C.  

2 and 4

D.  

1, 3, and 4

Discussion 0
Question # 42

According to IIA guidance, organizations have the most influence on which element of fraud?

Options:

A.  

Opportunity.

B.  

Rationalization.

C.  

Pressure.

D.  

Incentives.

Discussion 0
Question # 43

A newly promoted chief audit executive (CAE) is faced with a backlog of assurance engagement reports to review for approval. In an attempt to attach a priority for this review, the CAE scans the opinion statement on each report. According to IIA guidance, which of the following opinions would receive the lowest review priority?

1. Graded positive opinion.

2. Negative assurance opinion.

3. Limited assurance opinion.

4. Third-party opinion.

Options:

A.  

1 and 3

B.  

1 and 4

C.  

2 and 3

D.  

2 and 4

Discussion 0
Question # 44

Which of the following statements is false regarding roles and responsibilities pertaining to risk management and control?

Options:

A.  

Senior management is charged with overseeing the establishment risk management and control processes.

B.  

The chief audit executive is responsible for overseeing the evaluation risk management and control processes.

C.  

Operating managers are responsible for assessing risks and controls in their departments.

D.  

Internal auditors provide assurance about risk management and control process effectiveness.

Discussion 0
Question # 45

A chief audit executive is preparing interview questions for the upcoming recruitment of a senior internal auditor. According to IIA guidance, which of the following attributes shows a candidate's ability to probe further when reviewing incidents that have the appearance of misbehavior?

Options:

A.  

Integrity.

B.  

Flexibility.

C.  

Initiative.

D.  

Curiosity.

Discussion 0
Question # 46

Which of the following best describes the four components of a balanced scorecard?

Options:

A.  

Customers, innovation, growth, and internal processes.

B.  

Business objectives, critical success factors, innovation, and growth.

C.  

Customers, support, critical success factors, and learning.

D.  

Financial measures, learning and growth, customers, and internal processes.

Discussion 0
Question # 47

According to IIA guidance, which of the following are the most important objectives for helping to ensure the appropriate completion of an engagement?

1. Coordinate audit team members to ensure the efficient execution of all engagement procedures.

2. Confirm engagement workpapers properly support the observations, recommendations, and conclusions.

3. Provide structured learning opportunities for engagement auditors when possible.

4. Ensure engagement objectives are reviewed for satisfactory achievement and are documented properly.

Options:

A.  

1, 2, and 3

B.  

1, 2, and 4

C.  

1, 3, and 4

D.  

2, 3, and 4

Discussion 0
Question # 48

Which of the following should be included in a privacy audit engagement?

1. Assess the appropriateness of the information gathered.

2. Review the methods used to collect information.

3. Consider whether the information collected is in compliance with applicable laws.

4. Determine how the information is stored.

Options:

A.  

1 and 3 only

B.  

2 and 4 only

C.  

1, 3, and 4 only

D.  

1, 2, 3, and 4

Discussion 0
Question # 49

Which of the following is not an outcome of control self-assessment?

Options:

A.  

Informal, soft controls are omitted, and greater focus is placed on hard controls.

B.  

The entire objectives-risks-controls infrastructure of an organization is subject to greater monitoring and continuous improvement.

C.  

Internal auditors become involved in and knowledgeable about the self-assessment process.

D.  

Nonaudit employees become experienced in assessing controls and associating control processes with managing risks.

Discussion 0
Question # 50

According to IIA guidance, which of the following is least likely to be a key financial control in an organization's accounts payable process?

Options:

A.  

Require the approval of additions and changes to the vendor master listing, where the inherent risk of false vendors is high.

B.  

Monitor amounts paid each period and compare them to the budget to identify potential issues.

C.  

Compare employee addresses to vendor addresses to identify potential employee fraud.

D.  

Monitor customer quality complaints compared to the prior period to identify vendor issues.

Discussion 0

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