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: Jun 17, 2026

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Question 1

A code of business conduct should include which of the following to increase its deterrent effect?

1. Appropriate descriptions of penalties for misconduct.

2. A notification that code of conduct violations may lead to criminal prosecution.

3. A description of violations that injure the interests of the employer.

4. A list of employees covered by the code of conduct.

A : 1 and 2

B : 1 and 3

C : 2 and 4

D : 3 and 4

Answer: A

Question 2

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 are

a. It was corrected immediately.

A : 1 and 3 only

B : 1 and 4 only

C : 2 and 3 only

D : 2 and 4 only

Answer: B

Question 3

Which of the following is an example of a physical security control that should be in place at an organization's data center?

A : ckup servers in the data center are stored in an environmentally controlled location

B : l users have a unique ID and password to access data

C : ipe cards are used to access the data center

D : rewalls and antivirus protection are in place to prevent unauthorized access to data.

Answer: C

Question 4

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 5

Which of the following statements is true regarding reversing entries in an accounting cycled

A : versing all previous closing adjustments is a mandatory step in the accounting cycle

B : versing entries should be completed at the end of the next accounting period after recording regular transactions of the period

C : versing entries are identical to the adjusting entries made in the previous period.

D : versing entries are the exact opposite of the adjustments made in the previous period.

Answer: D

Page: 1 / 122

Total 610 Questions | Updated On: Jun 17, 2026

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