Free IIA IIA-CHAL-QISA Practice Questions 2026 - Page 4

According to IIA guidance, which of the following activities are typically primary objectives of engagement supervision?

A. Enable training and development of staff, identify engagement objectives, and assign responsibilities to individual auditors.

B. Identify engagement objectives, assign responsibilities to individual auditors, and approve the engagement program. .

C. Assign responsibilities to individual auditors, approve the engagement program, and enable training and development of staff.

D. Approve the engagement program, enable training and development of staff, and identify engagement objectives

Which of the following statements is most accurate with respect to the required elements of the quality assurance and improvement program?

A. Internal assessments provide sufficient objectivity to provide evidence to the board that the internal audit activity understands the organization's control processes.

B. Quality assessments focus on the internal audit activity’s structure, relationships withstakeholders, compliance with the Standards, and internal audit staff proficiency.

C. in order to comply with the Standards, the internal audit activity must obtain an objective assessment of its processes and function at least once a year

D. Internal auditors completing internal assessments must demonstrate certification to perform quality assessments

Internal auditors map a process by documenting the steps in the process, which provides a framework for understanding Which of the following is a reason to use narrative memoranda?

A. To create a detailed risk assessment

B. To identify individuals who perform key roles

C. To explain a simple process.

D. To document which outputs support other activities.

According to IIA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the Internal audit activity^

A. CAE reviews and approves the annual audit plan.

B. CAE meets privately with the CEO at least annually

C. CAE meets privately with the board at least annually.

D. CAE reports to the board regarding audit staff performance evaluation and compensation.

According to the IIA Code of Ethics, which of the following is required with regard to communicating results?

A. The internal auditor should present material information to appropriate personnel within the organization without revealing confidential matters that could be detrimental to the organization

B. The internal auditor should disclose all material information obtained by the date of the final engagement communication.

C. The internal auditor should obtain all material information within the established time and budget parameters.

D. The internal auditor should reveal material facts that could potentially distort the reporting of activities under review

Which of the following should be included in a company's year-end inventory valuation?

A. Company goods that were sold during the year, free on board shipping point, that have been shipped but not yet received by the customer

B. Goods purchased by the company, free on board destination, that have not yet been received.

C. Goods on consignment, which the company is trying to sell for its customers.

D. Company goods for sale on consignment at a consignment shop

Which of the following steps should an internal auditor complete when conducting a review of an electronic data interchange application provided by a third-party service?
1.Ensure encryption keys meet ISO standards.
2.Determine whether an independent review of the service provider's operation has been conducted.
3.Verify that the service provider's contracts include necessary clauses.
4.Verify that only public-switched data networks are used by the service provider

A. 1 and 3.

B. 1 and 4

C. 2 and 3.

D. 2 and 4.

A snow removal company is conducting a scenario planning exercise where participating employees consider the potential impacts of a significant reduction in annual snowfall for the coming winter. Which of the following best describes this type of risk?

A. Residual

B. Net

C. inherent.

D. Accepted.

In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?

A. The CAE previously undertook a consulting assignment in that area to improve processes.

B. A couple of years ago, the CAE performed accounting functions for the payroll department.

C. Prior to becoming the CAE, the CAE was the payroll manager.

D. The assurance review was initiated following issues identified during a consulting assignment requested by management.

The internal audit activity is responsible for which of the following actions related to an organization’s internal controls9

A. Mitigating risks affecting achievement of organizational objectives.

B. Enabling opportunities affecting achievement of organizational objectives.

C. Analyzing and advising regarding costs versus benefits of control activities.

D. Attesting to fairness of financial statements