Hot Certification IIA-CHAL-QISA Test Answers | Latest IIA Reliable IIA-CHAL-QISA Dumps: Qualified Info Systems Auditor CIA Challenge Exam

Tags: Certification IIA-CHAL-QISA Test Answers, Reliable IIA-CHAL-QISA Dumps, Reliable IIA-CHAL-QISA Exam Questions, IIA-CHAL-QISA Valid Study Materials, Clearer IIA-CHAL-QISA Explanation

Dear, hurry up to get the 100% pass IIA-CHAL-QISA exam study dumps for your preparation. You will get original questions and verified answers for the IIA certification. After purchase of the IIA-CHAL-QISA exam dumps, you can instant download the IIA-CHAL-QISA practice torrent and start your study with no time wasted. The validity and useful IIA-CHAL-QISA will clear your doubts which will be in the actual test. When you prepare well with our IIA-CHAL-QISA pdf cram, the 100% pass will be easy thing.

IIA IIA-CHAL-QISA Exam Syllabus Topics:

Topic	Details
Topic 1	Business Knowledge for Internal Auditing: This domain covers the vital planning phases and efforts and common performance measures. It also includes ways for management to effectively lead and counsel people to increase their commitment. Also, the domain covers financial accounting and managerial accounting fundamentals and the treatment of various costs.
Topic 2	Practice of Internal Auditing: This domain covers strategies and policies related to planning, organizing, controlling of internal audit processes, and understanding administrative activities such as resourcing, recruiting, and staffing. Moreover, this domain covers goals of engagement and assessment criteria in addition to planning the engagement to ensure the identification of key risks and controls.
Topic 3	Essentials of Internal Auditing: This domain has topics such as foundations of internal auditing, independence and objectivity, Proficiency and Due Professional Care, QA, and Managing Risks. The domain covers describing the concept of governance and CSR.

>> Certification IIA-CHAL-QISA Test Answers <<

Reliable IIA IIA-CHAL-QISA Dumps, Reliable IIA-CHAL-QISA Exam Questions

As we all know, no pain, no gain. If you want to enter a better company, you must have the competitive force. IIA-CHAL-QISA learning materials will offer you such opportunity to pass the exam and get the certificate successfully, so that you can improve your competitive force. Also, you need to spend certain time on practicing the IIA-CHAL-QISA Exam Dumps, so that you can get the certificate at last. Besides, we pass guarantee and money back guarantee if you fail to pass the exam after buying IIA-CHAL-QISA learning materials. We also offer you free update for one year, and the update version will be sent to your email automatically.

IIA Qualified Info Systems Auditor CIA Challenge Exam Sample Questions (Q101-Q106):

NEW QUESTION # 101
During a payroll audit, the internal auditor discovered that several individuals who have the same position classification as the are earning a significantly higher salary. The auditor noted the names and amounts of each; and he planned to prepare a request to the chief audit executive for a salary Increase based on this Information. Which of the following IIA Code of Ethics principles was violated in this scenario?

A. Confidentiality
B. Competency.
C. Objectivity.
D. integrity

Answer: C

Explanation:
When internal audit resources are limited, it is crucial to focus on the most critical aspects of the control environment. Preventive key controls are designed to prevent errors or irregularities from occurring, which are essential for maintaining a strong control environment. Given the mature control environment of the organization, prioritizing preventive key controls ensures that potential issues are addressed before they materialize, providing a proactive approach to risk management.

NEW QUESTION # 102
According to IIA guidance, which of the following statements about analytical procedures is true?

A. Analytical procedures begin after the engagements planning phase.
B. Analytical procedures provide internal auditors with explainable results.
C. Analytical procedures are computer-assisted audit techniques
D. Analytical procedures compare information against expectations

Answer: D

Explanation:
Analytical Procedures: These procedures involve evaluating financial information by studying plausible relationships among both financial and non-financial data. They help auditors form expectations about account balances or other financial data and then compare actual results to these expectations.
* Purpose: To identify any unusual or unexpected results that might indicate potential misstatements.
IIA Guidance on Analytical Procedures:
* Comparison Against Expectations: This is the core aspect of analytical procedures. Auditors develop expectations based on their knowledge of the business, industry trends, historical data, and other relevant factors.
* Engagement Phases: Analytical procedures can be applied in various phases of an audit, not just after the planning phase.
Other Statements:
* Begin After Planning: Analytical procedures are often used during planning to understand the business and during substantive testing and review phases.
* Explainable Results: While they can provide insights, the primary purpose is not just to explain results but to identify discrepancies.
* Computer-Assisted Techniques: Analytical procedures can be performed manually or with the help of software, but they are not solely defined as computer-assisted techniques.

NEW QUESTION # 103
According to IIA guidance, which of the following is true regarding typical fraud schemes?
1.A diversion occurs when an employee has an undisclosed personal economic interest in a transaction that adversely affects the organization
2.Tax evasion is intentional reporting of false or misleading information on a tax return by an organization to reduce taxes owed.
3.Skimming involves stealing cash or assets from the organization and is normally concealed by adjusting the organization's records
4Disbursement fraud occurs when a person causes the organization to issue a payment for fictitious goods or services

A. 2 and 3.
B. 1 and 4
C. 1 and 3.
D. 2 and 4

Answer: D

Explanation:
* Diversion typically involves redirecting resources or assets for personal use, not just having an undisclosed interest.
* Tax evasion involves deliberate falsification of financial information to avoid tax liabilities.
* Skimming is taking cash before it is recorded in the accounting system, usually difficult to detect.
* Disbursement fraud involves creating fictitious invoices or vendors to divert funds.

NEW QUESTION # 104
A company makes a product at a cost of $26 per unit, of which $10 is fixed cost. The product is usually sold for $30 per unit; however, the company has been approached by a new customer who would like to purchase
3,500 units for $18 each Further, the company would Incur additional cost to deliver the units to this customer If the company has the excess manufacturing capacity and all other factors are constant, what is the additional cost that the company would Incur in order to makea profit of $1.50 per unit for this order?

A. $3.50
B. $2 50
C. $0.50
D. $1.50

Answer: B

Explanation:
To determine the additional cost that the company would incur to make a profit of $1.50 per unit for the new order, we need to calculate the relevant costs and desired profit margin:
* Current Cost and Selling Price: The current cost to produce one unit is $26, with $10 being fixed costs and $16 being variable costs. The product is usually sold for $30.
* New Order Pricing: The new customer offers to purchase 3,500 units at $18 each. The company needs to make a profit of $1.50 per unit on this order.
* Calculation:
* Desired selling price to achieve the profit = Cost per unit + Desired profit = $16 + $1.50 = $17.50
* Offered price by the customer = $18.00
* Additional cost allowed per unit = Offered price - Desired selling price = $18.00 - $17.50 = $0.50
* Therefore, the additional cost the company can incur to make the required profit per unit is $2.50 (the difference between the fixed cost coverage and the desired profit).
The additional cost that can be incurred while still making a profit of $1.50 per unit is $2.50

NEW QUESTION # 105
Which of the following statements best demonstrates application of due professional care during an assurance engagement?

A. The engagement detected irregularities and noncompliance instances.
B. The engagement supervisor had no significant comments in the supervisory review.
C. The engagement objectives were designed to assist the engagement client
D. The audit procedures were systematically planned: executed, and documented.

Answer: D

Explanation:
* Introduction:
* Due professional care requires auditors to plan, execute, and document their work meticulously, ensuring that their findings and conclusions are based on a thorough and objective assessment.
* Application of Due Professional Care:
* It involves following a structured approach to audit engagements to ensure that all necessary steps are taken to gather sufficient and appropriate evidence.
* Options Analysis:
* Option A: Detecting irregularities and noncompliance instances are outcomes of the engagement but do not inherently demonstrate due professional care.
* Option B: Lack of significant comments from the supervisor suggests quality but does not demonstrate the systematic approach needed for due professional care.
* Option C: Systematically planning, executing, and documenting audit procedures directly reflects the auditor's adherence to due professional care principles.
* Option D: While important, designing engagement objectives to assist the client does not cover the comprehensive nature of due professional care.
* Conclusion:
* The best demonstration of due professional care during an assurance engagement is the systematic planning, execution, and documentation of audit procedures.

NEW QUESTION # 106
......

The product we provide with you is compiled by professionals elaborately and boosts varied versions which aimed to help you learn the IIA-CHAL-QISA study materials by the method which is convenient for you. They check the update every day, and we can guarantee that you can get a free update service from the date of purchase. Once you have any questions and doubts about the IIA exam questions we will provide you with our customer service before or after the sale, you can contact us if you have question or doubt about our exam materials and the professional personnel can help you solve your issue about using IIA-CHAL-QISA Study Materials.

Reliable IIA-CHAL-QISA Dumps: https://www.exam4free.com/IIA-CHAL-QISA-valid-dumps.html