IIA IIA-ACCA ACCA CIA Challenge Exam Online Training
IIA IIA-ACCA Online Training
The questions for IIA-ACCA were last updated at May 11,2025.
- Exam Code: IIA-ACCA
- Exam Name: ACCA CIA Challenge Exam
- Certification Provider: IIA
- Latest update: May 11,2025
An internal auditor is reviewing the accounts receivable when she discovers account balances more than three years old. The auditor was previously supervising the area during this time, and she subsequently advises the chief audit executive (CAE) of a potential conflict.
Which of the following is the most appropriate course of action for the CAE to take?
- A . Replace the auditor with another audit staff member.
- B . Continue with the present auditor, as more than one year has passed.
- C . Withdraw the audit team and outsource the financial audit of the division.
- D . Work with the division’s management to resolve the situation.
An internal auditor is reviewing the accounts receivable when she discovers account balances more than three years old. The auditor was previously supervising the area during this time, and she subsequently advises the chief audit executive (CAE) of a potential conflict.
Which of the following is the most appropriate course of action for the CAE to take?
- A . Replace the auditor with another audit staff member.
- B . Continue with the present auditor, as more than one year has passed.
- C . Withdraw the audit team and outsource the financial audit of the division.
- D . Work with the division’s management to resolve the situation.
An internal auditor is reviewing the accounts receivable when she discovers account balances more than three years old. The auditor was previously supervising the area during this time, and she subsequently advises the chief audit executive (CAE) of a potential conflict.
Which of the following is the most appropriate course of action for the CAE to take?
- A . Replace the auditor with another audit staff member.
- B . Continue with the present auditor, as more than one year has passed.
- C . Withdraw the audit team and outsource the financial audit of the division.
- D . Work with the division’s management to resolve the situation.
An internal auditor is reviewing the accounts receivable when she discovers account balances more than three years old. The auditor was previously supervising the area during this time, and she subsequently advises the chief audit executive (CAE) of a potential conflict.
Which of the following is the most appropriate course of action for the CAE to take?
- A . Replace the auditor with another audit staff member.
- B . Continue with the present auditor, as more than one year has passed.
- C . Withdraw the audit team and outsource the financial audit of the division.
- D . Work with the division’s management to resolve the situation.
The ability to recognize the existence of problems related to tax accounting.
- A . 1 and 4 only.
- B . 3 and 4 only.
- C . 2, 3, and 4 only.
- D . 1,2, 3, and 4.
According to IIA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?
- A . CAE reviews and approves the annual audit plan.
- B . CAE meets privately with The CEO at least annually.
- C . CAE meets privately with The board at least annually.
- D . CAE reports to the board regarding audit staff performance evaluation and compensation.
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 . Immediately notify management of the area under review and the other internal auditors involved in the engagement.
- B . Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.
- C . Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.
- D . Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.
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 . Immediately notify management of the area under review and the other internal auditors involved in the engagement.
- B . Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.
- C . Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.
- D . Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.
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 . Immediately notify management of the area under review and the other internal auditors involved in the engagement.
- B . Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.
- C . Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.
- D . Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.
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 . Immediately notify management of the area under review and the other internal auditors involved in the engagement.
- B . Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.
- C . Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.
- D . Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.
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