Prepare IIA-ACCA Question Answers - IIA-ACCA Exam Dumps
Real IIA IIA-ACCA Exam Questions [Updated 2022]
IIA IIA-ACCA Exam Syllabus Topics:
| Topic | Details |
|---|---|
| Topic 1 |
|
| Topic 2 |
|
| Topic 3 |
|
| Topic 4 |
|
| Topic 5 |
|
| Topic 6 |
|
NEW QUESTION 195
Which of the following actions best demonstrates that an internal auditor is exercising due professional care?
- A. The auditor recommends improvements for all of the organization's procedures and practices.
- B. The auditor is alert to the possibility of fraud and activities where irregularities are most likely to occur.
- C. The auditor performs thorough reviews and provides absolute assurance of regulatory compliance.
- D. The auditor is cognizant of reducing travel expenses by combining a personal vacation with a business trip.
Answer: B
NEW QUESTION 196
A medical insurance provider uses an electronic claims-submission process and suspects that a number of physicians have submitted claims for treatments that were not performed. Which of the following control procedures would be most effective to detect this type of fraud?
- A. Send confirmations to the physicians, requesting them to verify the exact nature of the claims submitted to the insurance provider.
- B. Use computer software to identify abnormal claims based on the insured's age and medical history.
- C. Develop an integrated test facility and submit false claims to verify that the system is detecting such claims on a consistent basis.
- D. Require the physician to submit a signed statement attesting that the treatments had been performed.
Answer: B
NEW QUESTION 197
Which of the following phases of a business cycle are marked by an underuse of resources?
1. The trough.
2. The peak.
3. The recovery.
4. The recession.
- A. 1 and 3 only
- B. 2 and 3 only
- C. 1 and 4 only
- D. 2 and 4 only
Answer: C
NEW QUESTION 198
Which of the following IT strategies is most effective for responding to competitive pressures created by the marketplace?
- A. Promote closer linkage between organizational strategy and information.
- B. Enhance the functionality of application systems.
- C. Provide users with greater online access to information systems.
- D. Expand the use of automated controls.
Answer: B
NEW QUESTION 199
The chief audit executive of a medium-sized financial institution is evaluating the staffing model of the internal audit activity (IAA). According to IIA guidance, which of the following are the most appropriate strategies to maximize the value of the current IAA resources?
* The annual audit plan should include audits that are consistent with the skills of the IAA.
* Audits of high-risk areas of the organization should be conducted by internal audit staff.
* External resources may be hired to provide subject-matter expertise but should be supervised.
* Auditors should develop their skills by being assigned to complex audits for learning opportunities.
- A. 3 and 4 only
- B. 1 and 2 only
- C. 2 and 3 only
- D. 1 and 4 only
Answer: A
NEW QUESTION 200
Which of the following must be adjusted to index a progressive tax system to inflation?
- A. Tax brackets, tax deductions, and tax payments.
- B. Tax brackets, exemptions, and nominal tax receipts.
- C. Tax deductions, exemptions, and tax filings.
- D. Tax deductions, exemptions, and tax brackets.
Answer: D
NEW QUESTION 201
Which of the following cybersecurity-related activities is most likely to be performed by the second line of defense?
- A. Administer security procedures, training, and testing.
- B. Deploy intrusion detection systems and conduct penetration testing
- C. implement vulnerability management with internal and external scans.
- D. Monitor incidents, key risk indicators, and remediation
Answer: C
NEW QUESTION 202
Management would like to self-assess the overall effectiveness of the controls in place for its 200-person manufacturing department. Which of the following client-facilitated approaches is likely to be the most efficient way to accomplish this objective?
- A. Workshops.
- B. Interviews.
- C. Observation.
- D. Surveys.
Answer: D
NEW QUESTION 203
A credit card company detects potential errors in credit card numbers by checking whether all entered numbers contain the correct amount of digits. This is an example of which of the following IT controls?
- A. Check digits.
- B. Logic test.
- C. Data integrity tests.
- D. Balancing control activities.
Answer: B
NEW QUESTION 204
Which of the following best describes the four components of a balanced scorecard?
- A. Financial measures, learning and growth, customers, and internal processes.
- B. Business objectives, critical success factors, innovation, and growth.
- C. Customers, innovation, growth, and internal processes.
- D. Customers, support, critical success factors, and learning.
Answer: A
NEW QUESTION 205
According to IIA guidance,which of the following is true about the supervising internal auditor's review notes?
* They are discussed with management prior to finalizing the audit.
* They may be discarded after working papers are amended as appropriate.
* They are created by the auditor to support her fieldwork in case of questions.
* They are not required to support observations issued in the audit report.
- A. 1 and 3 only
- B. 2 and 3 only
- C. 2 and 4 only
- D. 1 and 4 only
Answer: C
NEW QUESTION 206
Which of the following strategies is most appropriate for an industry that is in decline?
- A. Control costs.
- B. Invest in research and development.
- C. Invest in marketing.
- D. Shift toward mass production.
Answer: A
NEW QUESTION 207
Which of the following purchasing scenarios would gain the greatest benefit from implementing electronic data interchange?
- A. A large volume of custom purchases.
- B. A time-sensitive just-in-time purchase environment.
- C. A variable volume sensitive to material cost.
- D. A currently inefficient purchasing process.
Answer: B
NEW QUESTION 208
An internal auditor is conducting a review of the procurement function and uncovers a potential conflict of interest between the chief operating officer and a significant supplier of IT software development services.
Which of the following actions is most appropriate for the internal auditor to take?
- A. Investigate the potential conflict of interest.
- B. Inform the external auditors of the potential conflict of interest.
- C. Disregard the potential conflict, because it is outside the scope of the audit assignment.
- D. Inform the audit supervisor.
Answer: D
NEW QUESTION 209
The board has requested that the internal audit activity be involved in all phases of the organization's outsourcing of its network management. During which of the following stages is the internal auditor most likely to verify that the organization's right-to-audit clause is drafted effectively?
- A. Implementation and transition phase.
- B. Tendering and contracting phase.
- C. Monitoring and reporting phase
- D. Decision-making and business-case phase.
Answer: B
NEW QUESTION 210
Which of the following best demonstrates an organization's ability to recover from a disaster?
- A. Redundant data center
- B. Regular testing of the disaster plan
- C. Cold site
- D. Hot site
Answer: B
NEW QUESTION 211
Which of the following best describes the purpose of disaster recovery planning?
- A. To describe how data should move from one system to another system in case of an emergency.
- B. To establish a protected area of network that is accessible to the public after a disaster
- C. To reconstitute systems efficiently following a disruptive event.
- D. To define rules on how devices within the system should communicate after a disaster.
Answer: C
NEW QUESTION 212
An internal auditor wants to determine whether employees are complying with the information security policy, which prohibits leaving sensitive information on employee desks overnight. The auditor checked a sample of
90 desks and found eight that contained sensitive information. How should this observation be reported, if the organization tolerates 4 percent noncompliance?
- A. The incidents of noncompliance fall outside the acceptable tolerance limit and require immediate corrective action, as opposed to reporting.
- B. The incidents of noncompliance exceed the tolerance level and should be included in the final engagement report.
- C. The deviations are within the acceptable tolerance limit, so the matter only needs to be reported to the information security manager.
- D. The matter does not need to be reported, because the noncompliant findings fall within the acceptable tolerance limit.
Answer: B
NEW QUESTION 213
......
IIA-ACCA Exam Dumps Pass with Updated 2022: https://www.prepawayexam.com/IIA/braindumps.IIA-ACCA.ete.file.html
Free IIA-ACCA Exam Dumps to Pass Exam Easily: https://drive.google.com/open?id=1mPxUYTnz-lQ6AxgzmCMLUbKfKXYx3Ion