IIA-ACCA IIA ACCA CIA Challenge Exam Free Practice Exam Questions (2025 Updated)

Which of the following would not be considered part of preliminary survey of an engagement area?

An internal auditor wants to sample data to test an audit theory in a cost-effective way. Which of the following sampling strategies should she use?

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.

According to IIA guidance, which of the following roles would be appropriate for an internal auditor regarding fraud risk?

1. Identification.

2. Mitigation.

3. Remediation.

4. Reduction.

Which of the following is a weakness of observation as audit evidence?

Which of the following are core responsibilities to be included in the internal audit charter?

1. Review reliability and integrity of financial and operating information and the means used to identify, measure, classify, and report such information.

2. Determine the adequacy and effectiveness of the organization’s systems of internal accounting and operating controls.

3. Participate in the planning and performance of audits of potential acquisitions with the organization's outside accountants and other members of the corporate staff.

4. Report to those members of management who should be informed of results of audit examinations, the audit opinions formed, and the recommendations made.

Which of the following is a detective control strategy against fraud?

To fill a critical vacancy, an internal auditor is assigned temporarily to a nonaudit role in the purchasing department, where she worked previously before joining the internal audit activity. According to IIA guidance, which of the following statements is true regarding these circumstances?

According to IIA guidance, which of the following best describes internal auditors' responsibility regarding fraud?

Which of the following control activities is the most effective to ensure users' levels of access are appropriate for their current roles?

An organization decides to take no action on one of its financial risks because the cost of implementing the control outweighs the value of the asset being protected. Which of the following best describes this risk strategy?

Which of the following is an example of a detective control?

Which of the following best describes the misdirection of payments on accounts receivable to an employee's bank account?

What is the purpose of a secondary control?

A chief audit executive (CAE) is reviewing the internal audit activity's performance and is concerned that the average number of revisions to findings is steadily rising, making it increasingly difficult to trace the finding to the supporting evidence and workpapers. According to MA guidance, which of the following elements of the internal audit activity's quality assurance and improvement program would provide the CAE with the most helpful insight into the cause of this problem?

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

A former line supervisor from the Financial Services Department has completed six months of a two-year development opportunity with the internal audit activity (IAA). She is assigned to a team that will audit the organization's payroll function, which is managed by the Human Resources Department. Which of the following statements is most relevant regarding her independence and objectivity with respect to the payroll audit?

Given the highly technical and legal nature of privacy issues, which of the following statements best describes the internal audit activity's responsibility with regard to assessing an organization's privacy framework?

Which of the following would be the most important consideration by the internal audit activity when selecting employees to perform an internal quality assessment?

Reviewing prior audit reports and supporting workpapers before an engagement starts enables an internal auditor to do which of the following?

1. To understand better the activity and processes that will be audited.

2. To identify the audit procedures that will be used during the engagement.

3. To ensure that matters of greatest vulnerability will be addressed.

4. To use the information obtained as evidence in the current engagement.

Non-statistical sampling does not require which of the following?

Which of the following would be the most appropriate first step for the board to take when developing an effective system of governance?

A snow removal company is conducting a scenario planning exercise where participating employees consider the potential impacts of a significant reduction in annua snowfall for the coming winter. Which of the following best describes this type of risk?

Which of the following types of fraud includes embezzlement?

Which of the following is the best way to detect fraud?

According to The IIA's Code of Ethics, which of the following is true?

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

A large sales organization maintains a system of internal control according to the COSO model and has updated its code of conduct. This change relates to which component of the COSO framework?

Internal auditors must exercise due professional care by considering which of the following?

1. Cost of assurance in relation to potential benefits.

2. Adequacy and effectiveness of governance, risk management, and control processes.

3. Management's competency level in the area being evaluated.

4. Probability of significant errors, fraud, or noncompliance.