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: Aug 12, 2026

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Question 1

A chief audit executive (CAE) is determining which engagements to include on the annual audit plan. She would like to consider the organization's attitude toward risk and the degree of difficulty in achieving objectives. Which of the following resources should the CAE consult?

A : corporate risk register.

B : strategic plan.

C : ternal and external audit reports.

D : board's meeting records.

Answer: B

Question 2

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

Question 3

An internal auditor is conducting an assessment of the organization's fraud prevention program using the COSO enterprise risk management framework. According to this framework, which of the following activities would fall under the control environment component for preventing fraud?

1. The organization uses an automated authority approval matrix to control payments.

2. The organization has a whistleblower hotline that is available to employees.

3. Annually, every manager completes a comprehensive fraud assessment of his or her department.

4. Annually, the organization reviews and communicates the code of expected behavior.

A : 1 and 2.

B : 1 and 3.

C : 2 and 3.

D : 2 and 4.

Answer: D

Question 4

Which of the following is not a potential area of concern when an internal auditor places reliance on spreadsheets developed by users?

A : creasing complexity over time.

B : terface with corporate systems.

C : ility to meet user needs.

D : dden data columns or worksheets.

Answer: C

Question 5

Which of the following is an example of a phishing attack?

A : employee receives an email that appears to be from the organization's bank, though it is not. The employee replies to the email and sends the requested confidential information.

B : organization's website has been hacked. The hacker added political content that is not consistent with the organization's views.

C : organization's systems have been compromised by malicious software. The software locks the organization's operating system until d ransom is paid.

D : organization's communication systems have been intercepted. A communication session is controlled by an unauthorized third party.

Answer: A

Page: 1 / 122

Total 610 Questions | Updated On: Aug 12, 2026

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