Free IIA-ACCA: ACCA CIA Challenge Exam Questions and Answers
358 verified practice questions for IIA-ACCA.
The first 10 questions on this page are free to read, answers included — no account and no card. A plan opens the rest of the bank, the full timed practice test and your weak-topic reporting.
Last updated: September 19, 2026
- Provider
- IIA
- Questions in our bank
- 1000+
- Free to read
- First 10, with answers
- Our test mode duration & pass mark
- 130 mins · 70%
- Verified answers
- Reviewed weekly
- Practice format
- Multiple choice
Recommended: Switch to Test Mode to start a practice test that simulates the real exam experience.
Question #1
Which of the following types of social responsibilities is voluntary and guided purely by the organization's desire to make social contributions?
Please select an optionIncorrectCorrect answer: D
Discretionary or philanthropic responsibility is voluntary activity driven by a desire to contribute to society, which is the top level of Carroll's pyramid. Economic, legal, and ethical responsibilities are required or expected rather than purely voluntary.
Was this answer correct?Question #2
Which of the following control methods is effective in reducing the risk of purchasing- scheme fraud? * 1. Periodically reviewing the vendor list for unusual vendors and addresses. * 2. Segregating duties for amount purchasing, receiving, shipping, and accounting. * 3. Validating sequential integrity of purchase orders. * 4. Verifying the validity of invoices with post office box addresses.
Please select an optionIncorrectCorrect answer: D
Was this answer correct?Question #3
While preparing for an audit of senior management expenses, the chief audit executive (CAE) learns that management is unable to locate a number of original expense claims to support the related disbursements. She decides to defer the engagement until they can be located. Which of the following principles likely guided the CAE's decision?
Please select an optionIncorrectCorrect answer: D
Due professional care requires sufficient, reliable evidence before drawing conclusions; without the original expense claims the CAE cannot support any opinion, so deferring the engagement is the careful course.
Was this answer correct?Question #4
According to IIA guidance, which of the following are macro-level audit activities performed for an assurance engagement of the purchasing department? * 1. Obtain and review all purchasing-related audit reports issued within the past year. * 2. Meet with the quality assurance group to discuss its previous reports of any purchasing- related findings. * 3. Review a memo written by the purchasing manager that outlines ongoing problems with the purchasing software. * 4. Request a copy of the report from a purchasing audit conducted last year by an external service provider.
Please select an optionIncorrectCorrect answer: A
Macro-level work surveys broad, organization-wide information about the area: prior purchasing audit reports and the quality assurance group's findings. A single manager's memo on software problems is micro-level detail gathered later.
Was this answer correct?Question #5
When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme? * 1. Subsequent change orders increase requirements for low-bid items. * 2. Material contract requirements are different on the actual contract than on the request for bids. * 3. A high percentage of employees are charged to indirect accounts. * 4. Losing bidders are hired as subcontractors.
Please select an optionIncorrectCorrect answer: D
Contract terms that differ from the request for bids and losing bidders reappearing as subcontractors are classic indicators of collusion or favoritism in the award process. A high use of indirect accounts relates to cost mischarging, not bid rigging.
Was this answer correct?Question #6
Which of the following is true regarding the use of a formal risk management framework? * 1. It facilitates a methodical approach to risk mitigation. * 2. It defines and standardizes the terminology used in risk communication. * 3. It establishes the risk tolerance levels to be accommodated in the strategy. * 4. It facilitates the alignment of risk mitigation strategies with management priorities.
Please select an optionIncorrectCorrect answer: B
A formal framework standardizes risk terminology, provides a methodical approach to mitigation, and aligns responses with management priorities. Setting risk tolerance levels remains the responsibility of the board and senior management, not the framework itself.
Was this answer correct?Question #7
The security department uncovered what appears to be a complex fraud in the accounting department. The CEO has requested the internal audit activity to investigate the fraud. If the internal audit staff lacks the expertise to conduct the investigation, how should the chief audit executive proceed?
Please select an optionIncorrectCorrect answer: C
When the internal audit staff lacks the competencies needed, the chief audit executive must obtain competent advice and assistance, which here means engaging an external fraud specialist rather than declining or using accounting department staff.
Was this answer correct?Question #8
According to the International Professional Practices Framework, which of the following are allowable activities for an internal auditor? * 1. Advocating the establishment of a risk management function. * 2. Identifying and evaluating significant risk exposures during audit engagements. * 3. Developing a risk response for the organization if there is no chief risk officer. * 4. Benchmarking risk management activities with other organizations. * 5. Documenting risk mitigation strategies and techniques.
Please select an optionIncorrectCorrect answer: C
Auditors may champion risk management, evaluate significant exposures, benchmark practices, and document mitigation strategies. Developing the organization's risk response is a management responsibility that would impair independence.
Was this answer correct?Question #9
Which of the following scenarios best illustrates the principle of due professional care?
Please select an optionIncorrectCorrect answer: A
Due professional care requires the auditor to consider the significant risks that could affect objectives, including risks arising from a consulting engagement. Authority to access documents and declaring conflicts relate to independence and objectivity instead.
Was this answer correct?Question #10
Which of the following would be the most important consideration by the internal audit activity when selecting employees to perform an internal quality assessment?
Please select an optionIncorrectCorrect answer: A
An internal assessment must be performed by people who know the Standards and internal audit practice, so their understanding of auditing standards is paramount. Reporting lines and regular duties matter less than technical competence.
Was this answer correct?
Continue with IIA-ACCA: ACCA CIA Challenge Exam
Unlock the full question bank
You have read the first 10 questions. A subscription opens every question in IIA-ACCA: ACCA CIA Challenge Exam, the full timed practice test, and your progress and weak-topic reporting.
Single exam
$19.99for 30 days
Full question bank and practice test for one exam, for 30 days.
Single exam
$49.99for 1 year
One exam for a full year. Nothing renews and nothing to cancel.
Full access
$39.99/mo
Every exam in the catalogue, month to month.
Full access
$199.99/yr
Every exam in the catalogue for a year.
Already subscribed? Sign in to pick up where you left off.
Other IIA certifications
- IIA-CIA-Part3: Certified Internal Auditor - Part 3 Business Analysis and Information Technology (opens in a new tab)
- CRMA — Certification in Risk Management Assurance (opens in a new tab)
- IIA-CIA-Part1: Certified Internal Auditor - Part 1 The Internal Audit Activity's Role in Governance Risk and Control (opens in a new tab)
- CGAP — Certified Government Auditing Professional (opens in a new tab)
- CPEA — Certified Professional Environmental Auditor (opens in a new tab)
- QIAL — Qualification in Internal Audit Leadership (opens in a new tab)
Reviews
★★★★★
This platform is a lifesaver. The practice questions and explanations are so detailed. It’s the best study tool I’ve ever used.
Hannah Smith
USA
★★★★★
I highly recommend Exam Practice. The feedback after each test helped me improve significantly, and I passed my exams easily.
Oscar Nyström
Sweden
★★★★★
Exam Practice is worth every penny. The mock exams are realistic, and the feedback helped me focus on key areas.
Amit Sharma
India
FAQ
Learn More: https://home.pearsonvue.com/Clients/Huawei.aspx
- Q1: What are IIA Certification Exams?
- A: IIA (Institute of Internal Auditors) Certification Exams validate your expertise in internal auditing, risk management, governance, and control processes. These certifications demonstrate your proficiency in evaluating and improving the effectiveness of risk management, control, and governance processes within an organization.
- Q2: Why should I pursue IIA Certification?
- A: IIA Certification enhances your professional credibility, showcasing your skills and knowledge in internal auditing. This can lead to better job opportunities, higher salaries, and career advancement in auditing, compliance, and risk management roles.
- Q3: What are the benefits of IIA Certification?
- A: Benefits include recognition as a certified internal auditor, improved job performance, access to exclusive resources, continuing education opportunities, and staying current with the latest auditing practices and industry standards.
- Q4: Who should take IIA Certification Exams?
- A: Internal auditors, risk management professionals, compliance officers, and anyone involved in assessing and improving organizational processes should consider these certifications to validate their expertise and advance their careers.
- Q5: What types of IIA Certification Exams are available?
- A: IIA offers various certification paths, including:
- Q6: How do I prepare for IIA Certification Exams?
- A: Preparation can include official IIA study materials, preparatory courses, practice exams, online tutorials, and hands-on experience in internal auditing and risk management.
- Q7: Where can I take IIA Certification Exams?
- A: IIA Certification Exams can be taken at authorized Pearson VUE testing centers worldwide, providing flexibility to fit your schedule and location.
- Q8: How do IIA Certifications impact my career?
- A: IIA Certifications significantly boost your career by demonstrating your expertise to employers, making you a more competitive candidate for advanced roles and promotions in auditing, compliance, and risk management.
- Q9: Are there any prerequisites for IIA Certification Exams?
- A: Some exams may have prerequisites, such as educational qualifications or professional experience in internal auditing. Check the specific requirements for each certification path on the IIA website.
- Q10: How often do I need to recertify for IIA Certifications?
- A: IIA Certifications typically require continuing professional education (CPE) credits and recertification every three years to ensure that certified professionals stay updated with the latest auditing practices and industry standards.