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IIA IIA-ACCA Exam With Confidence Using Practice Dumps

Exam Code:
IIA-ACCA
Exam Name:
ACCA CIA Challenge Exam
Certification:
CIA Challenge Exam
Vendor:
IIA
Questions:
604
Last Updated:
Jan 18, 2025
Exam Status:
Stable
IIA IIA-ACCA

IIA-ACCA: CIA Challenge Exam Exam 2024 Study Guide Pdf and Test Engine

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ACCA CIA Challenge Exam Questions and Answers

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Question 1

According to IIA guidance, which of the following statements is true regarding the authority of the chief audit executive (CAE) to release previous audit reports to outside parties?

Options:

A.

The CAE can release prior internal audit reports with the approval of the board and senior management.

B.

The CAE can employ judgment and release prior audit results as they deem appropriate and necessary.

C.

The CAE can only release prior information outside the organization when mandated by legal or statutory requirements.

D.

The CAE can release prior information provided it is as originally published and distributed within the organization.

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Question 2

An organization decided to install a motion detection system in its warehouse to protect against after-hours theft. According to the COSO enterprise risk management framework, which of the following best describes this risk management strategy?

Options:

A.

Avoidance.

B.

Reduction.

C.

Elimination.

D.

Sharing.

Question 3

The economic order quantity for inventory is higher for an organization that has:

Options:

A.

Lower annual unit sales.

B.

Higher fixed inventory ordering costs.

C.

Higher annual carrying costs as a percentage of inventory value.

D.

A higher purchase price per unit of inventory.

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