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IIA-ACCA Exam Dumps : ACCA CIA Challenge Exam

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IIA IIA-ACCA Exam Dumps FAQs

Q. # 1: What is the IIA IIA-ACCA Exam?

The IIA IIA-ACCA Exam is a certification exam designed to validate the knowledge and skills of internal auditors. It is a collaboration between the Institute of Internal Auditors (IIA) and the Association of Chartered Certified Accountants (ACCA).

Q. # 2: Who should take the IIA IIA-ACCA Challenge Exam?

The IIA IIA-ACCA exam is ideal for ACCA (Association of Chartered Certified Accountants) members who possess relevant internal audit experience. It allows them to bypass the three-part CIA (Certified Internal Auditor) exam and earn the prestigious CIA designation.

Q. # 3: What topics are covered in the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam focuses on The IIA's International Standards for the Professional Practice of Internal Auditing (Standards) and essential internal audit concepts like:

  • Internal Control
  • Risk Management
  • Governance
  • Internal Audit Methodology
  • Technology Audit

Q. # 4: How many questions are on the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam consists of 150 multiple-choice questions.

Q. # 5: How long does it take to complete the IIA IIA-ACCA Exam?

The IIA IIA-ACCA exam duration is 3 hours.

Q. # 6: What is the passing score for the IIA IIA-ACCA Exam?

The passing score for the IIA IIA-ACCA exam is 70%.

Q. # 7: What is the difference between IIA IIA-ACCA and IIA-CHAL-QISA Exams?

The IIA IIA-ACCA Exam and the IIA-CHAL-QISA Exam are both pathways to earn the Certified Internal Auditor (CIA) designation, but they cater to different professional backgrounds:

  • IIA IIA-ACCA Exam: The IIA IIA-ACCA Exam focuses on internal auditing standards and practices that are not covered in the ACCA curriculum. It is tailored for ACCA members, enabling them to earn the CIA designation by proving their expertise in areas specific to internal auditing.
  • IIA IIA-CHAL-QISA Exam: The IIA IIA-CHAL-QISA Exam is designed for Certified Information Systems Auditors (CISA) and covers internal auditing standards and practices not included in the CISA curriculum. It allows CISA holders to leverage their existing knowledge while gaining specialized internal auditing skills to earn the CIA designation.

Q. # 8: What type of study materials does CertsTopics offer for the IIA IIA-ACCA Exam?

CertsTopics offers up-to-date IIA-ACCA PDF guide and a testing engine materials for the IIA IIA-ACCA Exam, providing candidates with flexible, effective study options that mimic the actual exam environment for optimal preparation.

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Yes, once purchased, CertsTopics allows access to IIA IIA-ACCA PDF questions on multiple devices, providing flexibility to study anytime, anywhere.

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Yes, CertsTopics is dedicated to helping you succeed. Our IIA IIA-ACCA exam preparation materials come with a success guarantee, giving you confidence that our IIA-ACCA dumps material will support your preparation goals.

ACCA CIA Challenge Exam Questions and Answers

Question 1

Under a value-added taxing system:

Options:

A.

Businesses must pay a tax only if they make a profit.

B.

The consumer ultimately bears the cost of the tax through higher prices.

C.

Consumer savings are discouraged.

D.

The amount of value added is the difference between an organization's sales and its cost of goods sold.

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Question 2

The chief risk officer (CRO) of a large manufacturing organization decided to facilitate a workshop for process managers and staff to identify opportunities for improving productivity and reducing defects. Which of the following is the most likely reason the CRO chose the workshop approach?

Options:

A.

It minimizes the amount of time spent and cost incurred to gather the necessary information.

B.

Responses can be confidential, thus encouraging participants to be candid expressing their concerns.

C.

Workshops do not require extensive facilitation skills and are therefore ideal for nonauditors.

D.

Workshop participants have an opportunity to learn while contributing ideas toward the objectives.

Question 3

During an audit of the accounts receivable (AR) process, an internal auditor noted that reconciliations are still not performed regularly by the AR staff, a recommendation that was made following a previous audit. Monitoring by the financial reporting function has failed to detect the shortcoming. Both the financial reporting function and AR report to the controller, who is responsible for implementing action plans. Which of the following supports the internal auditor's decision to combine both observations into one reported finding?

Options:

A.

The observation was made during the same audit, and the action plan has a common owner.

B.

The observation relates to the same control activity within a common process.

C.

The observation has a common control, and it was noted in a prior audit.

D.

The observation has a common process, and the action plan for the observation has a common owner.