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IIA-ACCA – ACCA CIA Challenge Exam

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Showing 10–12 of 20 questions

Question 10 (Essentials of Internal Auditing)

According to IIA guidance, which of the following external groups is most likely to represent a liability risk, based on activities associated with the organization's corporate social responsibility program?

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    Consumers.

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    Activists.

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    Suppliers.

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    Investors.


Question 11 (Business Knowledge for Internal Auditing)

According to Porter, which of the following is associated with fragmented industries?

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    Weak entrance barriers.

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    Significant scale economies.

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    Steep experience curve.

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    Strong negotiation power with suppliers.


Question 12 (Business Knowledge for Internal Auditing)

A capital investment project will have a higher net present value, everything else being equal, if it has:

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    A higher initial investment level.

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    A higher discount rate.

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    Cash inflows that are larger in the later years of the life of the project.

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    Cash inflows that are larger in the earlier years of the life of the project.