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IIA IIA-CHAL-QISA Exam Actual Questions

The questions for IIA-CHAL-QISA were last updated on Oct. 28, 2024.
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  • Viewing questions 1-4 out of 150 questions
 

Topic 1 - Exam A

Question #1 Topic 1

Which of the following best describes why a chief audit executive might obtain the services of a fraud specialist to assist in a major fraud investigation?

  • A. Fraud specialists are better at using computer-assisted audit techniques.
  • B. Fraud specialists are better equipped to act as an expert witness in court.
  • C. Fraud specialists are better able to properly apply due professional care.
  • D. Fraud specialists are better at using crime scene investigation techniques.
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Correct Answer: B 🗳️

Question #2 Topic 1

An external assessment of an organization’s internal audit activity was last completed four years ago. Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

  • A. The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor.
  • B. The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity.
  • C. An external auditor conducts an audit of the organization, which includes information about the internal audit activity.
  • D. The chief audit executive schedules a self-assessment and the board approves the results.
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Correct Answer: A 🗳️

Question #3 Topic 1

The primary benefit of the balanced scorecard approach is that it:

  • A. Provides information on the customer’s perspective of the company.
  • B. Links financial and nonfinancial measures of performance.
  • C. Focuses on internal processes.
  • D. Incorporates financial measures at strategic and operating levels.
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Correct Answer: B 🗳️

Question #4 Topic 1

Which of the following statements is true in regard to policies and procedures for guiding the internal audit activity?

  • A. A small internal audit activity may be managed informally.
  • B. All internal audit activities need formal policies and procedures to guide them regardless of size.
    C.A large internal audit activity may be managed informally if the chief audit executive decides to do so.
  • D. There is no need for separate policies and procedures if audits are conducted in accordance with The IIA’s International Professional Practices Framework.
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Correct Answer: A 🗳️

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