IIA-ACCA Exam Questions and Answers

QUESTION: 11

Which of the following techniques would provide the most compelling evidence that a safety hazard exists within a manufacturing facility?

Observation of the facility during operations.
Questioning of facility management, including the facility safety officer.
Analysis of facility operating reports, focusing on instances when breakdowns occurred.
Review of records involving safety violations, filed by facility production employees.

Answer(s): A

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While performing an accounts payable engagement, a senior auditor wants to conduct several tests of controls for travel expenses.
Which of the following actions are most appropriate for the senior auditor to undertake?
1. Ensure all tests use a random sampling technique.
2. Consider a judgmental approach for the sample size.
3. Assess testing errors through root cause analysis.
4. Ensure that the entire data set is tested.

1 and 2.
1 and 3.
2 and 3.
2 and 4.

Answer(s): C

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QUESTION: 13

An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization's investments.
Which of the following is the most appropriate course of action regarding the auditor's use of this functionality?

The auditor should accept the calculations generated by the function, as any further work or documentation would be inefficient.
The auditor should perform a manual recalculation of several results to validate and document the results.
The auditor should review the programming of the macro before its use to ensure that it is appropriate for the required calculations.
The auditor should tabulate the results in the spreadsheet to ensure the macro has generated the correct results for all calculations.

Answer(s): B

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QUESTION: 14

Which of the following factors should be considered when determining the appropriate combination of manual techniques and computer-assisted audit techniques (CAATs) to be used during an audit?
1. Acceptance of CAATs findings by entity management.
2. Computer knowledge and expertise of the auditor.
3. Time constraints.
4. Level of audit risk.

1 and 4
2 and 3 only
1, 2, and 3
2, 3, and 4

Answer(s): D

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QUESTION: 15

The chief audit executive (CAE) of a small internal audit activity (IAA) performs all high-risk engagements on the annual audit plan to make use of his knowledge and experience and to maximize the efficient use of audit resources.
Which of the following statements is most relevant regarding this practice?

The CAE's work may be reviewed by any other experienced staff member within the IA
The CAE's work should be reviewed by an individual with the appropriate background and knowledge.
The CAE may self-review his work, provided he discloses this practice in the final report.
The CAE should avoid performing engagements to ensure he is able to review all audit work objectively.

Answer(s): B

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IIA IIA-ACCA Exam (page: 3)
IIA ACCA CIA Challenge Exam
Updated on: 12-Feb-2026

QUESTION: 11

QUESTION: 12

QUESTION: 13

QUESTION: 14

QUESTION: 15

IIA IIA-ACCA Exam (page: 3) IIA ACCA CIA Challenge Exam Updated on: 12-Feb-2026

QUESTION: 11

QUESTION: 12

QUESTION: 13

QUESTION: 14

QUESTION: 15

IIA IIA-ACCA Exam (page: 3)
IIA ACCA CIA Challenge Exam
Updated on: 12-Feb-2026