CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. IIA-ACCA

Free IIA-ACCA Exam Braindumps (page: 35)

Page 35 of 152
PDF with 604 Questions

Which of the following items should the chief audit executive disclose to senior management regarding the results of the internal audit activity's quality assessments?

  1. The internal audit activity's plan for resource allocation.
  2. The amount of the organization's potential loss prevented by the risk-based auditing of the internal audit activity.
  3. The number of audits from the annual internal audit plan that were completed last year.
  4. The qualifications and independence of the assessment Team.

Answer(s): B



An IT contractor applied for an internal audit position at a bank. The contractor worked for the bank's IT security manager two years ago. If the audit manager interviewed the contractor and wants to extend a job offer, which of the following actions should the chief audit executive pursue?

  1. Allow the audit manager to hire the contractor and state that the individual is free to perform IT audits, including security.
  2. Not allow the audit manager to hire the contractor, as it would be a conflict of interest.
  3. Allow the audit manager to hire the contractor, but state that the individual is not allowed to work on IT security audits for one year.
  4. Not allow the audit manager to hire the contractor and ask the individual to apply again in one year.

Answer(s): A



An organization is facing a financial downturn and needs to impose major budget reductions to all departments. According to MA guidance, which of the following actions is most appropriate for the board to take to evaluate the potential impact on the internal audit activity?

  1. Ask management to determine which internal audit engagements are lower risk and could be considered for removal from the annual audit plan.
  2. Ask appropriate stakeholders for their opinion on the potential impacts of reducing the scope of the internal audit plan.
  3. Ask the chief audit executive to determine whether budgetary limitations impede the ability of the internal audit activity to execute its responsibilities.
  4. Ask The human resources department to determine how the annual compensation and salary of the audit staff could be adjusted to achieve savings.

Answer(s): C



What is the additional advantage of facilitated workshops, in comparison with structured interviews, used when testing the effectiveness of entity-level controls?

  1. During facilitated workshops, people more openly say things to internal auditors than during private interviews.
  2. Internal auditors do not need other sources of information, as the data gathered during facilitated workshops is sufficient.
  3. Facilitated workshops create a synergy of discussion that can bring multiple perspectives to the same issue.
  4. The testimonial evidence obtained during facilitated workshops is generally considered more reliable.

Answer(s): C



Page 35 of 152



Post your Comments and Discuss IIA IIA-ACCA exam with other Community members:

Jeelzs commented on June 25, 2024
Awesome indeed
Anonymous
upvote