IIA-ACCA Exam Questions Instant Access - No Installation Required

Question 1

Which of the following is not a method for implementing a new application system?

ADirect cutover.

BParallel.

CPilot.

DTest.

Answer : D

Question 2

Which of the following best illustrates the primary focus of a risk-based approach to control self-assessment?

ATo evaluate controls regarding the computer security of an oil refinery.

BTo examine the processes involved in exploring, developing, and operating a gold mine.

CTo assess the likelihood and impact of events associated with operating a finished goods warehouse.

DTo link a financial institution's business objectives to a work unit responsible for the associated risk.

Answer : C

Question 3

A small furniture-manufacturing firm with 100 employees is located in a two-story building and does not plan to expand. The furniture manufactured is not special-ordered or custom-made. The most likely structure for this organization would be:

AFunctional departmentalization.

BProduct departmentalization.

CMatrix organization.

DDivisional organization.

Answer : A

Question 4

In terms of international business strategy, which of the following is true regarding a multi-domestic strategy?

AIt uses the same products in all countries.

BIt centralizes control with little decision-making authority given to the local level.

CIt is an effective strategy when large differences exist between countries.

DIt provides cost advantages, improves coordinated activities, and speeds product development.

Answer : C

Question 5

Which of the following are components of the ISO 31000 risk management process?

1. Setting the context.

2. Risk treatment.

3. Risk avoidance.

4. Communication.

A1 and 2 only.

B2 and 3.

C3 and 4.

D1,2, and 4.

Answer : A

Question 6

An internal auditor is conducting a financial audit. Which of the following audit procedures is most appropriate when existing internal controls are weak?

AAnalytical procedures.

BDetail testing.

CTest of design.

DTest of control.

Answer : B

Question 7

According to COSO, which of the following is not considered one of the components of an organization's internal environment?

AAuthority and responsibility to resolve issues.

BFramework to plan, execute and monitor activities.

CIntegrated responses to multiple risks.

DKnowledge and skills needed to perform activities.

Answer : C

IIA ACCA CIA Challenge IIA-ACCA Exam Questions