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: Dec 18, 2025

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Question 1

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 2

Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?

A : nage and support a quality assurance and improvement program.

B : intain industry-specific knowledge appropriate to the audit engagements

C : t clear performance standards for internal auditors and the internal audit activity.

D : ply problem-solving techniques for routine situations.

Answer: C

Question 3

A software that translates hypertext markup language (HTML) documents and allows a user to view a remote web page is called:

A : transmission control protocol/Internet protocol (TCP/IP).

B : operating system.

C : web browser.

D : web server.

Answer: C

Question 4

Which of the following statements are true regarding the use of heat maps as risk assessment tools?

1. They focus primarily on known risks, limiting the ability to identify new risks.

2. They rely heavily on objective assessments and related risk tolerances.

3. They are too complex to provide an easily understandable view of key risks.

4. They are helpful but limited in value in a rapidly changing environment.

A : 1 and 2 only

B : 1 and 4 only

C : 2 and 3 only

D : 3 and 4 only

Answer: B

Question 5

Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?

A : gher cash flow and treasury balances

B : gher inventory balances

C : gher accounts receivable

D : gher accounts payable

Answer: C

Page: 1 / 122

Total 610 Questions | Updated On: Dec 18, 2025

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