This page was exported from Free valid test braindumps [ http://free.validbraindumps.com ] Export date:Tue Apr 8 23:35:37 2025 / +0000 GMT ___________________________________________________ Title: [2023] Use Valid IIA-ACCA Exam - Actual Exam Question & Answer [Q15-Q37] --------------------------------------------------- [2023] Use Valid IIA-ACCA Exam - Actual Exam Question & Answer Test Engine to Practice IIA-ACCA Test Questions IIA IIA-ACCA Exam Syllabus Topics: TopicDetailsTopic 1Demonstrate communication quality Describethe process for communicating risk acceptance Recognize the application of data analytics methods in internal auditingTopic 2Prepare interim reporting on the engagement progress Evaluate the relevance, sufficiency, and reliability of potential sources of evidenceTopic 3Assess engagement outcomes, including the management action plan Determine engagement procedures and prepare the engagement work programTopic 4Develop checklists and risk-and-control questionnaires as part of a preliminary survey of the engagement area Identify key activities in supervising engagementsTopic 5Describe the chief audit executive's responsibility for assessing residual risk Plan the engagement to assure identification of key risks and controlsTopic 6Communicating Engagement Results and the Acceptance of Risk Formulate recommendations to enhance and protect organizational value   QUESTION 15As a matter of policy, the chief audit executive routinely rotates internal audit staff assignments and periodically interviews the staff to discuss the potential for conflicts of interest. These actions help fulfill which of the following internal audit mandates?  Organizational independence.  Professional objectivity.  Due professional care.  Individual proficiency. QUESTION 16Which of the following statements about COBIT is not true?  COBIT helps management understand and manage the risks associated with information technology (IT) processes.  Management needs to determine the cost-benefit ratio of adopting COBIT control objectives.  COBIT control objectives are specific to various IT platforms and help determine minimum controls.  COBIT provides management with the capability to conduct self-assessments against industry best practices. QUESTION 17After the team member who specialized in fraud investigations left the internal audit team, the chief audit executive decided to outsource fraud investigations to a third party service provider on an as needed basis.Which of the following is most likely to be a disadvantage of this outsourcing decision?  Cost.  Independence.  Familiarity.  Flexibility. QUESTION 18The chief audit executive (CAE) of a small internal audit activity (IAA) plans to test conformance with the Standards through a quality assurance review. According to the Standards, which of the following are acceptable practice for this review?1. Use an external service provider.2. Conduct a self-assessment with independent validation.3. Arrange for a review by qualified employees outside of the IAA.4. Arrange for reciprocal peer review with another CAE.  1 and 2  2 and 4  1, 2, and 3  2, 3, and 4 QUESTION 19Which of the following is an example of a detective control?  Automatic shut-off valve.  Auto-correct software functionality.  Confirmation with suppliers and vendors.  Safety instructions. QUESTION 20Which of the following statements is true with regard to information protection?  All personal information, by definition is considered to be sensitive, requiring specialized controls.  Information is not considered personal if it can only be linked to or used to identify an individual indirectly.  Individuals who provide personal information to organizations share in the risk of inappropriate disclosure.  Good protection controls remove any restrictions on the quantity of personal information that can be collected QUESTION 21A chief audit executive (CAE) was asked to participate in the selection of an external auditor. Which of the following would not be a typical responsibility for the CAE?  Evaluate the proposed external auditor fee.  Recommend criteria to be used in the selection process.  Develop appropriate performance metrics.  Monitor the work of the external auditors. QUESTION 22A supervisor receives a complaint from an employee who is frustrated about having to learn a new software program. The supervisor responds that the new software will enable the employee to work more efficiently and with greater accuracy. This response is an example of:  Empathetic listening.  Reframing.  Reflective listening.  Dialogue. QUESTION 23Maintenance cost at a hospital was observed to increase as activity level increased. The following data was gathered:Activity Level –Maintenance CostMonthPatient DaysIncurredJanuary5,600$7,900February7,100$8,500March5,000$7,400April6,500$8,200May7,300$9,100June8,000$9,800If the cost of maintenance is expressed in an equation, what is the independent variable for this data?  Fixed cost.  Variable cost.  Total maintenance cost.  Patient days. QUESTION 24Where complex problems need to be addressed, which of the following communication networks would be most appropriate?  Chain.  All-channel.  Circle.  Wheel. QUESTION 25An organization accomplishes its goal to obtain a 40 percent share of the domestic market, but is unable to get the desired return on investment and output per hour of labor. Based on this information the organization is most likely focused on which of the following?  Capital investment and not marketing  Marketing and not capital investment.  Efficiency and not input economy.  Effectiveness and not efficiency. QUESTION 26When granting third parties temporary access to an entity’s computer systems, which of the following is the most effective control?  Access is approved by the supervising manager.  User accounts specify expiration dates and are based on services provided.  Administrator access is provided for a limited period.  User accounts are deleted when the work is completed. QUESTION 27The internal audit activity is planning a procurement audit and needs to obtain a thorough understanding of the subcontracting process, which can involve multiple individuals in multiple countries.Which of the following internal audit tools would be most effective to document the process and the key controls?  Internal control checklist.  Procurement employee survey.  Cross-functional flow chart.  Segregation of duties matrix. QUESTION 28Which of the following principles is shared by both hierarchical and open organizational structures?1. A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions2. A supervisor’s span of control should not exceed seven subordinates3. Responsibility should be accompanied by adequate authority4. Employees at all levels should be empowered to make decisions.  1 and 3 only.  1 and 4 only.  2 and 3 only  3 and 4 only. QUESTION 29Which of the following local area network physical layouts is subject to the greatest risk of failure if one device fails?  Star network.  Bus network.  Token ring network.  Mesh network. QUESTION 30The security department uncovered what appears to be a complex fraud in the accounting department. The CEO has requested the internal audit activity to investigate the fraud. If the internal audit staff lacks the expertise to conduct the investigation, how should the chief audit executive proceed?  Disclose the deficiency, and request that the investigation be reassigned to the first line of defense.  Proceed with the investigation, as internal auditors are not required to have fraud expertise.  Outsource the sensitive investigation to a third-party consultant with fraud expertise.  Select a member of the accounting department who is not involved in the fraud to join the investigation team in a consulting capacity. QUESTION 31Forty-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?  $11, 250  $25, 000  $33, 750  $45, 000 QUESTION 32Which of the following items should the chief audit executive disclose to senior management regarding the results of the internal audit activity’s quality assessments?  The internal audit activity’s plan for resource allocation.  The amount of the organization’s potential loss prevented by the risk-based auditing of the internal audit activity.  The number of audits from the annual internal audit plan that were completed last year.  The qualifications and independence of the assessment Team. QUESTION 33Which of the following control techniques would minimize the risk of interception during transmission in an electronic data interchange system?1. Encryption.2. Traffic padding.3. Edit checks.4. Structured data format.  1 and 2 only  2 and 3 only  3 and 4 only  1, 2, and 3 only QUESTION 34An internationally recognized brand name is an entrance barrier to new competitors because new competitors would:  Have to initiate a price war in order to enter the industry.  Face increased production costs.  Face increased marketing costs.  Face higher learning costs, which would increase fixed costs. QUESTION 35An internal auditor needs to recommend a policy element to be included in an organization’s code of ethics.Which of the following recommendations would be most effective?  Ethics should vary with local customs in the organization’s foreign operations.  Whistleblowing should be discouraged because it can cause distrust among employees.  Ethical behavior should be incorporated into performance evaluations.  Senior management should be granted specific exemptions to the code of ethics. QUESTION 36Which of the following must be adjusted to index a progressive tax system to inflation?  Tax deductions, exemptions, and tax filings.  Tax deductions, exemptions, and tax brackets.  Tax brackets, tax deductions, and tax payments.  Tax brackets, exemptions, and nominal tax receipts. QUESTION 37In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?  Identifying the processes at the activity level.  Analyzing the organization’s strategic plan where the business processes are defined.  Analyzing the organization’s objectives and identifying the processes needed to achieve the objectives.  Identifying the risks affecting the organization, the objectives, and then the processes concerned.  Loading … IIA-ACCA Actual Questions Answers PDF 100% Cover Real Exam Questions: https://www.validbraindumps.com/IIA-ACCA-exam-prep.html --------------------------------------------------- Images: https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif https://free.validbraindumps.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2023-03-13 16:50:26 Post date GMT: 2023-03-13 16:50:26 Post modified date: 2023-03-13 16:50:26 Post modified date GMT: 2023-03-13 16:50:26