IIA-ACCA Exam Dumps Pass with Updated 2023 Certified Exam Questions
IIA-ACCA Exam Questions - Real & Updated Questions PDF
NEW QUESTION 238
According to IIA guidance, which of the following is an area in which the internal auditor should be proficient?
- A. Computerized information systems.
- B. Management principles.
- C. Fundamentals of accounting, economics, and finance.
- D. Internal audit standards, procedures, and techniques.
Answer: D
NEW QUESTION 239
In which of the following scenarios would the chief audit executive (CAE) be required to decline the assignment?
- A. There is no expertise within the internal audit team for detecting and investigating fraud.
- B. There is no expertise within the internal audit team for auditing an IT engagement.
- C. There is no available expertise on the internal audit team to perform a consulting engagement.
- D. The CAE would need to procure external services to deliver the internal audit assurance program.
Answer: A
NEW QUESTION 240
A capital investment project will have a higher net present value, everything else being equal, if it has:
- A. A higher initial investment level.
- B. A higher discount rate.
- C. Cash inflows that are larger in the earlier years of the life of the project.
- D. Cash inflows that are larger in the later years of the life of the project.
Answer: C
NEW QUESTION 241
When granting third parties temporary access to an entity's computer systems, which of the following is the most effective control?
- A. Administrator access is provided for a limited period.
- B. User accounts specify expiration dates and are based on services provided.
- C. Access is approved by the supervising manager.
- D. User accounts are deleted when the work is completed.
Answer: B
NEW QUESTION 242
An organization facing rapid growth decides to employ a third party service provider to manage its customer relationship management function. Which of the following is true regarding the supporting application software used by that provider compared to an in-house developed system?
1. Updating documentation is always a priority.
2. System availability is usually more reliable.
3. Data security risks are lower.
4. Overall system costs are lower.
- A. 3 and 4 only
- B. 1 and 3 only
- C. 1 and 2 only
- D. 2 and 4 only
Answer: D
NEW QUESTION 243
Which of the following is a primary objective of the theory of constraints?
- A. Lowered inventory levels.
- B. Smooth workflow among processes.
- C. Few or no defects.
- D. Full or near capacity in processes.
Answer: D
NEW QUESTION 244
In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?
- A. It is an effective strategy when large differences exist between countries.
- B. It provides cost advantages, improves coordinated activities, and speeds product development.
- C. It uses the same products in all countries.
- D. It centralizes control with little decision-making authority given to the local level.
Answer: A
NEW QUESTION 245
Which of the following is a product-oriented definition of a business rather than a market-oriented definition of a business?
- A. We provide climate control in the home.
- B. We make movies.
- C. We are a people-and-goods mover.
- D. We supply energy.
Answer: B
NEW QUESTION 246
An internationally recognized brand name is an entrance barrier to new competitors because new competitors would:
- A. Have to initiate a price war in order to enter the industry.
- B. Face increased marketing costs.
- C. Face higher learning costs, which would increase fixed costs.
- D. Face increased production costs.
Answer: B
NEW QUESTION 247
Which of the following COSO internal control framework components encompasses establishing structures, reporting lines, authorities, and responsibilities?
- A. Information and communication.
- B. Control environment.
- C. Monitoring.
- D. Control activities.
Answer: B
NEW QUESTION 248
Data encryption is an example of which of the following controls?
- A. Application control.
- B. IT general control
- C. Data output control
- D. Data input control
Answer: B
NEW QUESTION 249
An internal auditor is trying to assess control risk and the effectiveness of an organization's internal controls.
Which of the following audit procedures would not provide assurance to the auditor on this matter?
- A. Reading the board's minutes.
- B. Inspecting manuals and documents.
- C. Observing the organization's operations.
- D. Interviewing the organization's employees.
Answer: A
NEW QUESTION 250
In which of the following plans is an employee most likely to find guidance on action and performance standards?
- A. Operational plans.
- B. Strategic plans.
- C. Mission plans.
- D. Tactical plans.
Answer: A
NEW QUESTION 251
Which of the following application-based controls is an example of a programmed edit check?
- A. Input error correction.
- B. Transaction log.
- C. Reasonableness check.
- D. Authorization for access.
Answer: C
NEW QUESTION 252
Which of the following is a strategy that organizations can use to stimulate innovation?
1. Source from the most advanced suppliers.
2. Establish employee programs that reward initiative.
3. Identify best practice competitors as motivators.
4. Ensure that performance targets are always achieved.
- A. 1 and 3 only
- B. 1, 2, and 3 only
- C. 1, 2, 3, and 4
- D. 2 and 4 only
Answer: B
NEW QUESTION 253
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