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IIA IIA-ACCA Online Practice Exam Questions

The questions of IIA-ACCA were last updated on Jul 24,2021 .

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Question#1

Role of the company's leadership in ensuring IT supports the organization's strategies and objectives.

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

Question#2

An internal auditor was asked to review an equal equity partnership In one sampled transaction Partner A transferred equipment into the partnership with a self-declared value of $10,000 and Partner B contributed equipment with a self-declared value of $15 000 The capital accounts of each partner were subsequently credited with S12,500.
Which of the following statements is true regarding this transaction?

A. The capital accounts of the partners should be increased by the original cost of the contnbuted equipment.
B. The capital accounts should be increased using a weighted average based on the current percentage of ownership
C. No action is needed as the capital account of each partner was increased by the correct amount
D. The capital accounts of the partners should be increased by the fair market value of their contribution

Question#3

Which of the following conflict resolution methods should be applied when the intention of the parties is to solve the problem by clarifying differences and attaining everyone's objectives?

A. Accommodating.
B. Compromising.
C. Collaborating.
D. Competing.

Question#4

Which mindset promotes the most comprehensive risk management strategy?

A. Increase shareholder value.
B. Maximize market share.
C. Improve operational efficiency.
D. Mitigate losses.

Question#5

What kind of strategy would be most effective for an organization to adopt in order to implement a unique advertising campaign for selling identical product lines across all of its markets?

A. Export strategy
B. Transnational strategy.
C. Multi-domestic strategy
D. Globalization strategy.

Exam Code: IIA-ACCA
Q & A: 604 Q&As
Updated:  Jul 24,2021

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