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IIA IIA-CHAL-QISA Exam Syllabus Topics:
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Reference: https://www.theiia.org/en/promotions/certifications/qisa/qisa-cia-challenge-exam/
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IIA Qualified Info Systems Auditor CIA Challenge Sample Questions:
Which of the following is the most appropriate reason for a chief audit executive to conduct an external assessment more frequently than five years?
- A. A change in senior management or internal audit leadership may change expectations and commitment to conformance
- B. More frequent external assessments can serve as an equivalent substitute for internal assessments.
- C. The parent organization's internal audit activity agreed to perform biennial reciprocal external assessments to provide greater assurance at a reduced cost.
- D. Significant changes in the organization's accounting policies or procedures would warrant timely analysis and feedback.
Correct Answer: A 🗳️
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Organizations that adopt just-in-time purchasing systems often experience which of the following?
- A. An Increase in the number of suitable suppliers
- B. A slight increase in carrying costs.
- C. A greater need for inspection of goods as the goods arrive
- D. A greater need for linkage with a vendors computerized order entry system.
Correct Answer: D 🗳️
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According to IIA guidance, which of the following is true regarding typical fraud schemes?
1. A diversion occurs when an employee has an undisclosed personal
economic interest in a transaction that adversely affects the
organization
2. Tax evasion is intentional reporting of false or misleading
information on a tax return by an organization to reduce taxes owed.
3. Skimming involves stealing cash or assets from the organization and
is normally concealed by adjusting the organization's records
4. Disbursement fraud occurs when a person causes the organization to
issue a payment for fictitious goods or services
- A. 1 and 4
- B. 1 and 3.
- C. 2 and 4
- D. 2 and 3.
Correct Answer: C 🗳️
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Which of the following is the most important determinant of the objectives and scope of assurance engagements?
- A. The requests of operational and senior management throughout the organization.
- B. The organizational chart, business objectives, and policies and procedures of the area to be reviewed.
- C. The most recent risk assessment conducted by management of the area to be reviewed.
- D. The preliminary risk assessment performed by internal auditors planning the engagement.
Correct Answer: A 🗳️
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An organization invests excess short-term cash in trading securities Which of the following actions should an internal auditor take to test the valuation of those securities'*
- A. Confirm the securities held by the broker.
- B. Compare the carrying value with current market quotations
- C. Use the equity method to recalculate the investment carrying value
- D. Perform a calculation of premium or discount amortization.
Correct Answer: B 🗳️
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