Online Access Free IIA-CHAL-QISA Exam Questions

Organizations that adopt just-in-time purchasing systems often experience which of the following?

• A.A slight increase in carrying costs.
• B.A greater need for inspection of goods as the goods arrive
• C.An Increase in the number of suitable suppliers
• D.A greater need for linkage with a vendors computerized order entry system.

Which of the following is the BEST example of a preventive IT control?

• A.Security incident investigation.
• B.Log monitoring.
• C.Exception reporting.
• D.Multi-factor authentication.

An organization invests excess short-term cash in trading securities Which of the following actions should an internal auditor take to test the valuation of those securities'*

• A.Use the equity method to recalculate the investment carrying value
• B.Perform a calculation of premium or discount amortization.
• C.Confirm the securities held by the broker.
• D.Compare the carrying value with current market quotations

Which of the following best describes why an internal audit activity would consider sending written preliminary observations to the audit client?

• A.Written observations allow for more interpretation.
• B.Written observations help the internal auditors express the significance.
• C.Written observations limit premature agreement
• D.Written and verbal observations are equally effective.

An internal auditor is performing testing to gather evidence regarding an organization's inventory account balance and is mindful of the possibility that the sample used might support the conclusion that the recorded account balance is not materially misstated when, in fact, it is The auditor's concern best describes which of the following risks?

• A.Anticipated misstatement risk
• B.Incorrect acceptance risk.
• C.Incorrect rejection risk.
• D.Tolerable misstatement risk