Free IIA IIA-CHAL-QISA Exam Questions

Become IIA Certified with updated IIA-CHAL-QISA exam questions and correct answers

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Total 152 Questions | Updated On: Sep 25, 2026

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Question 1

Which of the following is most likely the subject of a periodic report from the chief audit executive to the board

A : A complete, accurate, and comprehensive account of engagement observations and recommendations.

B : Oversight of the coordination between the internal audit activity and independent outside auditors

C : The internal audit activity's purpose, authority, responsibility, and performance relative to plan.

D : Management's assertions regarding the system of internal controls.

Answer: C

Question 2

Organizations that adopt just-in-time purchasing systems often experience which of the following?

A : A slight increase in carrying costs.

B : A greater need for inspection of goods as the goods arrive

C : A greater need for linkage with a vendors computerized order entry system.

D : An Increase in the number of suitable suppliers

Answer: C

Question 3

Which of the following is an example of a directive control?

A : Segregation of duties

B : Exception reports

C : Training programs,

D : Supervisory review.

Answer: C

Question 4

Which of the following is most likely to be considered a control weakness?

A : Vendor invoice payment requests are accompanied by a purchase order and receiving report.

B : Purchase orders are typed by the purchasing department using prenumbered forms

C : Buyers promptly update the official vendor listing as new supplier sources become known.

D : Department managers initiate purchase requests that must be approved by the plant superintendent

Answer: C

Question 5

Which of the following statements is true regarding partnership liquidation?

A : Operations can continue after the liquidation, if all partners agree.

B : Partnership liquidation ends both the legal and economic life of an entity

C : Partnership liquidation occurs when there is capital deficiency.

D : When a partnership Is liquidated, each partner pays creditors from cash received

Answer: B

Page: 1 / 31

Total 152 Questions | Updated On: Sep 25, 2026

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