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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.

Q. # 8: What type of study materials does CertsTopics offer for the IIA IIA-ACCA Exam?

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.

Q. # 9: Can i access my purchased IIA-ACCA study materials on multiple devices?

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

The newly appointed chief audit executive (CAE) of a large multinational corporation, with seasoned internal audit departments located around the world, is reviewing responsibilities for engagement reports. According to IIA guidance, which of the following statements is true?

Options:

A.

The CAE is required to review, approve, and sign every engagement report.

B.

The CAE is required to review, approve, and sign all regulatory compliance engagement reports only

C.

The CAE may delegate responsibility for reviewing, approving and signing engagement reports, but should review the reports after they are issued.

D.

The internal audit charter must identify authorized signers of engagement reports.

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Question 2

According to IIA guidance, which of the following steps are most important for an internal auditor to perform when evaluating an organization's social and environmental impact on the local community?

  • Determine whether previous incidents have been reported, managed, and resolved.
  • Determine whether a business contingency plan exists.
  • Determine the extent of transparency in reporting.
  • Determine whether a cost/benefit analysis was performed for all related projects.

Options:

A.

1 and 3.

B.

1 and 4.

C.

2 and 3.

D.

2 and 4.

Question 3

An organization is beginning to implement an enterprise risk management program. One of the first steps is to develop a common risk language. Which of the following statements about a common risk language is true?

Options:

A.

Management will be able to reduce inherent risk because they will have a better understanding of risk.

B.

Internal auditors will be able to reduce their sample sizes because controls will be more consistent.

C.

Stakeholders will have more assurance that the risks are assessed consistently.

D.

Decision makers will understand that the likelihood of missing or ineffective controls will be reduced.