IIA IIA-CHAL-QISA Online Practice Questions and Exam Preparation

IIA IIA-CHAL-QISA Online Questions & Answers

• Question 1:

  A manager has allowed a subordinate employee to have greater control and responsibility over the tasks that he performs. This is an example of which of the following?

  A. Job enlargement
  B. Job enrichment
  C. Horizontal loading of the job.
  D. Job rotation.
  B. Job enrichment

• Question 2:

  An internal auditor discovered fraud while performing an audit of an organization's procurement process. Which of the following describes the greatest benefit of using forensic auditing techniques in this scenario?

  A. Enhanced capability to prevent frauds from occurring.
  B. Greater assurance that procurement frauds will be detected in a timely manner
  C. Improved capability of evaluating fraud risks within the organization.
  D. Greater understanding of fraud through better evidence collection
  D. Greater understanding of fraud through better evidence collection

• Question 3:

  According to IIA guidance, which of the following statements about analytical procedures is true?

  A. Analytical procedures compare information against expectations
  B. Analytical procedures begin after the engagements planning phase.
  C. Analytical procedures provide internal auditors with explainable results.
  D. Analytical procedures are computer-assisted audit techniques
  A. Analytical procedures compare information against expectations

• Question 4:

  According to IIA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?

  A. To enable Triple Bottom Line reporting capability.
  B. To facilitate the conduct of risk assessment
  C. To achieve and maintain sustainable development.
  D. To fulfill regulatory and compliance requirements.
  C. To achieve and maintain sustainable development.

• Question 5:

  In the years after the mid-service point of a depreciable asset, which of the following depreciation methods will result in the highest depreciation expense?

  A. Sum of the years' digits.
  B. Declining balance.
  C. Double-declining balance.
  D. Straight line.
  C. Double-declining balance.

• Question 6:

  According to IIA guidance, which of the following steps should precede the development of audit engagement objectives?

  A. Identification of controls.
  B. Scope establishment.
  C. Risk assessment.
  D. Review of resources.
  C. Risk assessment.

• Question 7:

  An organization has a mature control environment but limited internal audit resources. Given this scenario, on which of the following should the internal auditors focus their testing?

  A. Detective compensating controls
  B. Preventive compensating controls.
  C. Detective key controls.
  D. Preventive key controls
  D. Preventive key controls

• Question 8:

  During an assurance engagement an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies. Which of the following skills did the auditor demonstrate?

  A. Internal audit management
  B. Conflict negotiation.
  C. Critical thinking
  D. Persuasion and collaboration
  C. Critical thinking

• Question 9:

  An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments.

  The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International Standards for the Professional Practice of Internal Auditing (Standards). Which of the following justifies inclusion of this clause in the reports?

  A. Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct.
  B. The audit committee has reviewed the annual self-assessment results and approved the use of the clause.
  C. The self-assessment results were validated by a qualified external review team three years prior.
  D. The internal audit charter, approved by the audit committee, requires conformance with the Standards
  C. The self-assessment results were validated by a qualified external review team three years prior.

• Question 10:

  Which of the following statements is true regarding the reporting of tangible and intangible assets?

  A. For plant assets, cost includes the purchase price and the cost of design and construction
  B. For intangible assets, cost includes the purchase price and development costs.
  C. Due to their indefinite nature, intangible assets are not subject to amortization.
  D. The organization must expense any cost incurred in developing a plant asset
  A. For plant assets, cost includes the purchase price and the cost of design and construction