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IIA-ACCA PDF Dumps | Feb 21, 2022 Recently Updated Questions
IIA IIA-ACCA Exam Syllabus Topics:
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NEW QUESTION 353
In which type of business environment are price cutting strategies and franchising strategies most appropriate?
- A. Embryonic, focused.
- B. Mature, fragmented.
- C. Fragmented, decline.
- D. Competitive, embryonic.
Answer: B
NEW QUESTION 354
According to IIA guidance, which of the following is true when the internal audit activity is asked to investigate potential ethics violations in a foreign subsidiary?
- A. Cross-cultural differences should always be handled by the staff of the same cultural background.
- B. Cultural impacts are less critical where the organization practices uniform polices around the globe.
- C. Local law enforcement should be involved as they are more familiar with the applicable local laws.
- D. Communication of any internal ethics violations to external parties may occur with appropriate safeguards.
Answer: D
NEW QUESTION 355
Which of the following statements is true with regard to information protection?
- A. Information is not considered personal if it can only be linked to or used to identify an individual indirectly.
- B. Good protection controls remove any restrictions on the quantity of personal information that can be collected
- C. Individuals who provide personal information to organizations share in the risk of inappropriate disclosure.
- D. All personal information, by definition is considered to be sensitive, requiring specialized controls.
Answer: D
NEW QUESTION 356
Which type of bond sells at a discount from face value, then increases in value annually until it reaches maturity and provides the owner with the total payoff?
- A. Junk bonds.
- B. Zero coupon bonds.
- C. Commodity-backed bonds.
- D. High-yield bonds.
Answer: B
NEW QUESTION 357
The critical path for any project is the path that exhibits which of the following characteristics?
- A. Has the longest duration in time.
- B. Requires the largest amount of labor
- C. Is deemed most important to the project.
- D. Costs the most money.
Answer: A
NEW QUESTION 358
When writing a business memorandum, the writer should choose a writing style that achieves all of the following except:
- A. Develops ideas without overstatement.
- B. Draws positive attention to the writing style.
- C. Suits the method of presentation and delivery.
- D. Treats all receivers with respect.
Answer: B
NEW QUESTION 359
An organization is considering mirroring the customer data for one regional center at another center. A disadvantage of such an arrangement would be:
- A. Confusion about where customer data are stored.
- B. Increased cost and complexity of network traffic.
- C. Interference of the mirrored data with the original source data.
- D. Lack of awareness of the state of processing.
Answer: B
NEW QUESTION 360
Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. Which of the following is the internal auditor's most appropriate next step?
- A. Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.
- B. Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.
- C. Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.
- D. Immediately notify management of the area under review and the other internal auditors involved in the engagement.
Answer: D
NEW QUESTION 361
According to the ISO 14001 standard, which of the following is not included in the requirements for a quality management system?
- A. Key processes across the entity which impact quality must be identified and included.
- B. The entity must have processes for inspections, testing, measurement, analysis, and improvement.
- C. Management must review the quality policy, analyze data about quality management system performance, and assess opportunities for improvement and the need for change.
- D. The quality management system must be documented in the articles of incorporation, quality manual, procedures, work instructions, and records.
Answer: D
NEW QUESTION 362
Which of the following is the primary engagement responsibility of an entry-level internal auditor?
- A. Documentation.
- B. Reporting.
- C. Leadership.
- D. Analysis.
Answer: D
NEW QUESTION 363
Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?
1. Locking doors and physically securing inventory items.
2. Independently observing the receipt of materials.
3. Conducting monthly inventory counts.
4. Requiring the use of employee ID badges at all times.
- A. 1 and 3.
- B. 2 and 4.
- C. 2 and 3.
- D. 1 and 4.
Answer: D
NEW QUESTION 364
A government agency maintains a system of internal control, according to the COSO model, and has made a change to its employee performance reviews and rewards program. This change relates to which of the following components of COSO's internal control framework?
- A. Control environment.
- B. Control activities.
- C. Monitoring activities.
- D. Information and communication.
Answer: A
NEW QUESTION 365
According to IIA guidance, which of the following statements is true regarding analytical procedures?
- A. Data relationships cannot include comparisons between operational and statistical data
- B. Analytical procedures are intended primarily to ensure the accuracy of the information being examined.
- C. Data relationships are assumed to exist and to continue where no known conflicting conditions exist.
- D. Analytical procedures can be used to identify unexpected differences but cannot be used to identify the absence of differences
Answer: C
NEW QUESTION 366
A chief audit executive is preparing interview questions for the upcoming recruitment of a senior internal auditor. According to IIA guidance, which of the following attributes shows a candidate's ability to probe further when reviewing incidents that have the appearance of misbehavior?
- A. Initiative.
- B. Curiosity.
- C. Flexibility.
- D. Integrity.
Answer: B
NEW QUESTION 367
If a just-in-time purchasing system is successful in reducing the total inventory costs of a manufacturing company, which of the following combinations of cost changes would be most likely to occur?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
NEW QUESTION 368
The process of scenario planning begins with which of the following steps?
- A. Determining the trends that will influence key factors in the organization's environment.
- B. Identifying how customers, suppliers, competitors, employees, and other stakeholders will react.
- C. Selecting leading indicators to alert the organization of future developments.
- D. Selecting the issue or decision that will impact how the organization conducts future business.
Answer: D
NEW QUESTION 369
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?
- A. Hardware encryption.
- B. Software encryption
- C. Data encryption.
- D. Authentication.
Answer: C
NEW QUESTION 370
The chief audit executive (CAE) has assigned an internal auditor to an upcoming engagement. Which of the following requirements would most likely indicate that the internal auditor was assigned to an assurance engagement?
- A. The assigned internal auditor must determine the objectives, scope, and techniques of the engagement.
- B. The assigned internal auditor must maintain objectivity while performing the engagement.
- C. The assigned internal auditor must not assume management responsibilities while performing the engagement.
- D. The CAE must personally obtain the needed skills, knowledge, or other competencies if the internal auditor does not have them.
Answer: A
NEW QUESTION 371
According to the COSO enterprise risk management framework, which of the following best describes the activity that helps ensure risk responses are carried out effectively?
- A. Control activities.
- B. Information and communication.
- C. Objective setting.
- D. Event identification.
Answer: A
NEW QUESTION 372
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