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: Mar 25, 2026

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Question 1

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

Question 2

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 3

An organization's health-care insurance costs have been rising approximately 10 percent per year for several years Which of the following analytical review procedures would best evaluate the reasonableness of the increase in health-care costs?

A : Develop a comparison of the costs incurred with similar costs incurred by other organizations

B : Obtain the government index of health-care costs for the comparable period of time and compare the rate of increase with that of the cost per employee incurred by the organization

C : Obtain a bid from another health-care administrator to provide the same administrative services as the current health-care administrator

D : Review all claims and compare with appropriate procedures to ensure that overpayments have not occurred

Answer: B

Question 4

Which of the following offers the best explanation of why the auditor in charge would assign a junior auditor to complete a complex part of the audit engagement?

A : The senior auditors are unavailable, as they are currently working on other portions of the engagement

B : The auditor in charge believes that the junior auditor should obtain a specific type of experience.

C : The audit engagement has a tight deadline and the work must be completed timely.

D : The auditor in charge is unable to identify audit staff with all of the required skills needed to complete the engagement

Answer: B

Question 5

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

Page: 1 / 31

Total 152 Questions | Updated On: Mar 25, 2026

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