IIA-ACCA IIA ACCA CIA Challenge Exam Free Practice Exam Questions (2025 Updated)
Prepare effectively for your IIA IIA-ACCA ACCA CIA Challenge Exam certification with our extensive collection of free, high-quality practice questions. Each question is designed to mirror the actual exam format and objectives, complete with comprehensive answers and detailed explanations. Our materials are regularly updated for 2025, ensuring you have the most current resources to build confidence and succeed on your first attempt.
Senior management has decided to implement the Three Lines of Defense model for risk management. Which of the following best describes senior management's duties with regard to this model?
When assessing the adequacy of a risk mitigation strategy, an internal auditor should consider which of the following?
1. Management’s tolerance for specific risks.
2. The cost versus benefit of implementing a control.
3. Whether a control can mitigate multiple risks.
4. The ability to test the effectiveness of the control.
A multinational organization has multiple divisions that sell their products internally to other divisions. When selling internally, which of the following transfer prices would lead to the best decisions for the organization?
In mergers and acquisitions, which of the following is an example of a horizontal combination?
When developing an effective risk-based plan to determine audit priorities, an internal audit activity should start by:
According to the International Professional Practices Framework, internal auditors who are assessing the adequacy of organizational risk management processes should not:
According to MA guidance on IT. which of the following would be considered a primary control for a spreadsheet to help ensure accurate financial reporting?
The decision to implement enhanced failure detection and back-up systems to improve data integrity is an example of which risk response?
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?
According to the Standards, which of the following is based on the assertion that the quality of an organization's risk management process should improve with time?
Which of the following principles is shared by both hierarchical and open organizational structures?
1. A superior can delegate the authority to make decisions but cannot delegate the ultimate responsibility for the results of those decisions
2. A supervisor's span of control should not exceed seven subordinates
3. Responsibility should be accompanied by adequate authority
4. Employees at all levels should be empowered to make decisions.
An employee frequently uses a personal smart device to send and receive work-related emails. Which of the following controls would be most effective to mitigate security risks related to these transmissions?
According to IIA guidance on IT auditing, which of the following would not be an area examined by the internal audit activity?
Which of the following statements is most accurate with respect to various forms, elements, and characteristics of business contracts?
The internal audit activity completed an initial risk analysis of the organization's data storage center and found several areas of concern. Which of the following is the most appropriate next step?
An internal auditor is investigating a potential fraudulent activity. What is the first test the auditor should perform on the transaction data under scrutiny?
Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?
According to MA guidance on IT. which of the following controls the routing of data packets to link computers?
Which of the following statements is true regarding the capital budgeting procedure known as discounted payback period?
Which of the following is an example of an application control?
Which of the following actions is most likely to gain support for process change?
Which of the following is a key component of an organization's cybersecunty governance?
The cost to enter a foreign market would be highest in which of the following methods of global expansion?
According to Porter's model of competitive strategy, which of the following is a generic strategy?
1. Differentiation.
2. Competitive advantage.
3. Focused differentiation.
4. Cost focus.
Which of the following would not impair the objectivity of internal auditor?
Capacity overbuilding is most likely to occur when management is focused on which of the following?
In which type of business environment are price cutting strategies and franchising strategies most appropriate?
Which of the following statements is in accordance with COBIT?
1. Pervasive controls are general while detailed controls are specific.
2. Application controls are a subset of pervasive controls.
3. Implementation of software is a type of pervasive control.
4. Disaster recovery planning is a type of detailed control.
An organization accomplishes its goal to obtain a 40 percent share of the domestic market, but is unable to get the desired return on investment and output per hour of labor. Based on this information the organization is most likely focused on which of the following?
A global business organization is selecting managers to post to various international (expatriate) assignments. In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1. Superior technical competence.
2. Willingness to attempt to communicate in a foreign language.
3. Ability to empathize with other people.
