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IIA-ACCA Exam Dumps : ACCA CIA Challenge Exam

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IIA IIA-ACCA Exam Dumps FAQs

Q. # 1: What is the IIA IIA-ACCA Exam?

The IIA IIA-ACCA Exam is a certification exam designed to validate the knowledge and skills of internal auditors. It is a collaboration between the Institute of Internal Auditors (IIA) and the Association of Chartered Certified Accountants (ACCA).

Q. # 2: Who should take the IIA IIA-ACCA Challenge Exam?

The IIA IIA-ACCA exam is ideal for ACCA (Association of Chartered Certified Accountants) members who possess relevant internal audit experience. It allows them to bypass the three-part CIA (Certified Internal Auditor) exam and earn the prestigious CIA designation.

Q. # 3: What topics are covered in the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam focuses on The IIA's International Standards for the Professional Practice of Internal Auditing (Standards) and essential internal audit concepts like:

  • Internal Control
  • Risk Management
  • Governance
  • Internal Audit Methodology
  • Technology Audit

Q. # 4: How many questions are on the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam consists of 150 multiple-choice questions.

Q. # 5: How long does it take to complete the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam duration is 3 hours.

Q. # 6: What is the passing score for the IIA IIA-ACCA Exam?

The passing score for the IIA IIA-ACCA exam is 70%.

Q. # 7: What is the difference between IIA IIA-ACCA and IIA-CHAL-QISA Exams?

The IIA IIA-ACCA Exam and the IIA-CHAL-QISA Exam are both pathways to earn the Certified Internal Auditor (CIA) designation, but they cater to different professional backgrounds:

  • IIA IIA-ACCA Exam: The IIA IIA-ACCA Exam focuses on internal auditing standards and practices that are not covered in the ACCA curriculum. It is tailored for ACCA members, enabling them to earn the CIA designation by proving their expertise in areas specific to internal auditing.
  • IIA IIA-CHAL-QISA Exam: The IIA IIA-CHAL-QISA Exam is designed for Certified Information Systems Auditors (CISA) and covers internal auditing standards and practices not included in the CISA curriculum. It allows CISA holders to leverage their existing knowledge while gaining specialized internal auditing skills to earn the CIA designation.

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CertsTopics offers up-to-date IIA-ACCA PDF guide and a testing engine materials for the IIA IIA-ACCA Exam, providing candidates with flexible, effective study options that mimic the actual exam environment for optimal preparation.

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Yes, once purchased, CertsTopics allows access to IIA IIA-ACCA PDF questions on multiple devices, providing flexibility to study anytime, anywhere.

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ACCA CIA Challenge Exam Questions and Answers

Question 1

According to IIA guidance, which of the following is least likely to be a key financial control in an organization's accounts payable process?

Options:

A.

Require the approval of additions and changes to the vendor master listing, where the inherent risk of false vendors is high.

B.

Monitor amounts paid each period and compare them to the budget to identify potential issues.

C.

Compare employee addresses to vendor addresses to identify potential employee fraud.

D.

Monitor customer quality complaints compared to the prior period to identify vendor issues.

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Question 2

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?

Options:

A.

Formulas and static data are locked or protected.

B.

The spreadsheet is stored on a network server that is backed up daily.

C.

The purpose and use of the spreadsheet are documented.

D.

Check-in and check-out software is used to control versions.

Question 3

Which of the following statements about internal audit's follow-up process is true?

Options:

A.

The nature, timing, and extent of follow-up for assurance engagements is standardized to ensure quality performance.

B.

The actions of external auditors and other external assurance providers is not encompassed by internal audit's follow-up process.

C.

Internal auditors have responsibility for determining if management and the board have implemented the recommended action or otherwise accepted the risk.

D.

The follow-up process must be complete and documented in the working papers in order to conclude the engagement.