← Back to exam page

IIA-ACCA – ACCA CIA Challenge Exam

Loading demo links...

Showing 4–6 of 20 questions

Question 4 (Practice of Internal Auditing)

Which of the following is not a primary reason for outsourcing a portion of the internal audit activity?

Select an option, then click Submit answer.

  • ○

    To gain access to a wider variety of skills, competencies and best practices.

  • ○

    To complement existing expertise with a required skill and competency for a particular audit engagement.

  • ○

    To focus on and strengthen core audit competencies.

  • ○

    To provide the organization with appropriate contingency planning for the internal audit function.


Question 5 (Business Knowledge for Internal Auditing)

Which of the following is the best reason for considering the acquisition of a nondomestic organization?

Select an option, then click Submit answer.

  • ○

    Relatively fast market entry.

  • ○

    Improved cash flow of the acquiring organization.

  • ○

    Increased diversity of corporate culture.

  • ○

    Opportunity to influence local government policy.


Question 6 (Practice of Internal Auditing)

According to IIA guidance, which of the following factors should the auditor in charge consider when determining the resource requirements for an audit engagement?

Select an option, then click Submit answer.

  • ○

    The number, experience, and availability of audit staff as well as the nature, complexity, and time constraints of the engagement.

  • ○

    The appropriateness and sufficiency of resources and the ability to coordinate with external auditors.

  • ○

    The number, proficiency, experience, and availability of audit staff as well as the ability to coordinate with external auditors.

  • ○

    The appropriateness and sufficiency of resources as well as the nature, complexity, and time constraints of the engagement.