Free IIA IIA-ACCA Exam Questions

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

Page: 1 / 122

Total 610 Questions | Updated On: Jun 05, 2025

Add To Cart

Question 1

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 2

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 3

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

Question 4

Forty-five percent of an organization's customer payments are submitted online. Eight percent of online payments are rejected. Executive management decides to outsource its online payment services to a contractor that will assume 75 percent of the total value of rejected payments. The organization estimates $1.25 million customer payments due during the contract period.

Which of the following represents the organization's residual risk for online customer payments due?

A : $11, 250

B : $25, 000

C : $33, 750

D : $45, 000

Answer: A

Question 5

Which of the following corporate social responsibility strategies is likely to be most effective in minimizing confrontations with influential activists and lobbyists?

A : ntinually evaluate the needs and opinions of all stakeholder groups.

B : ure strict compliance with applicable laws and regulations to avoid incidents.

C : intain a comprehensive publicity campaign that highlights the organization's efforts.

D : crease goodwill through philanthropic activities among stakeholder communities.

Answer: A

Page: 1 / 122

Total 610 Questions | Updated On: Jun 05, 2025

Add To Cart