IIA-ACCA Exam Questions and Answers

QUESTION: 26

According to IIA guidance, which of the following is an area in which the internal auditor should be proficient?

Management principles.
Computerized information systems.
Internal audit standards, procedures, and techniques.
Fundamentals of accounting, economics, and finance.

Answer(s): C

According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement?
1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits.
2. The needs and expectation of clients, including the nature, timing, and communication of engagement results.
3. The application of technology-based audit and other data analysis techniques, where appropriate.
4. The relative complexity and extent of work needed to achieve the engagement's objectives.

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

Answer(s): B

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QUESTION: 28

According to IIA guidance, the results of a formal quality assessment should be reported to which of the following groups?

The audit committee and senior management.
The audit committee and the external auditors.
Senior management and management of the audited area.
Senior management and the external auditors.

Answer(s): A

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QUESTION: 29

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?

Require the physician to submit a signed statement attesting that the treatments had been performed.
Send confirmations to the physicians, requesting them to verify the exact nature of the claims submitted to the insurance provider.
Develop an integrated test facility and submit false claims to verify that the system is detecting such claims on a consistent basis.
Use computer software to identify abnormal claims based on the insured's age and medical history.

Answer(s): D

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QUESTION: 30

Which of the following is not an objective of internal control?

Compliance.
Accuracy.
Efficiency.
Validation.

Answer(s): D

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IIA IIA-ACCA Exam (page: 6)
IIA ACCA CIA Challenge Exam
Updated on: 15-Feb-2026

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QUESTION: 30

IIA IIA-ACCA Exam (page: 6) IIA ACCA CIA Challenge Exam Updated on: 15-Feb-2026

QUESTION: 26

QUESTION: 27

QUESTION: 28

QUESTION: 29

QUESTION: 30

IIA IIA-ACCA Exam (page: 6)
IIA ACCA CIA Challenge Exam
Updated on: 15-Feb-2026