Free IIA IIA-ACCA Exam Questions

Become IIA Certified with updated IIA-ACCA exam questions and correct answers

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Total 610 Questions | Updated On: Apr 27, 2026

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Question 1

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.

A : 1 and 2 only

B : 2 and 3 only

C : 1, 2, and 3 only

D : 1, 2, 3, and 4

Answer: C

Question 2

Which of the following statements about internal audit's follow-up process is true?

A : nature, timing, and extent of follow-up for assurance engagements is standardized to ensure quality performance.

B : actions of external auditors and other external assurance providers is not encompassed by internal audit's follow-up process.

C : ternal auditors have responsibility for determining if management and the board have implemented the recommended action or otherwise accepted the risk.

D : follow-up process must be complete and documented in the working papers in order to conclude the engagement.

Answer: C

Question 3

The critical path for any project is the path that exhibits which of the following characteristics?

A : the longest duration in time.

B : ts the most money.

C : quires the largest amount of labor

D : deemed most important to the project.

Answer: A

Question 4

According to IIA guidance, which of the following is true regarding audit supervision?

1. Supervision should be performed throughout the planning, examination, evaluation, communication, and follow-up stages of the audit engagement.

2. Supervision should extend to training, time reporting, and expense control, as well as administrative matters.

3. Supervision should include review of engagement workpapers, with documented evidence of the review.

A : 1 and 2 only

B : 1 and 3 only

C : 2 and 3 only

D : 1, 2, and 3

Answer: D

Question 5

A department purchased one copy of a software program for internal use. The manager of the department installed the program on an office computer and then made two complete copies of the original software.

Copy 1 was solely for backup purposes.

Copy 2 was for use by another member of the department.

In terms of software licenses and copyright law, which of the following is correct?

A : th copies are legal.

B : ly copy 1 is legal.

C : ly copy 2 is legal.

D : ither copy is legal.

Answer: B

Page: 1 / 122

Total 610 Questions | Updated On: Apr 27, 2026

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