Online Access Free IIA-ACCA Practice Test

Which of the following best describes the purpose of disaster recovery planning?

• A.To describe how data should move from one system to another system in case of an emergency.
• B.To establish a protected area of network that is accessible to the public after a disaster
• C.To define rules on how devices within the system should communicate after a disaster.
• D.To reconstitute systems efficiently following a disruptive event.

An auditor identifies three errors in the sample of 25 entries selected for review (a 12 percent error rate).
Based on this result, the auditor assumes that approximately 59 of the total population of 492 entries are incorrect. To reach this assumption, the auditor has used a technique known as which of the following?

• A.Ratio estimation.
• B.Stratification.
• C.Acceptance sampling.
• D.Variability tolerance.

According to IIA guidance, which of the following corporate social responsibility (CSR) evaluation activities may be performed by the internal audit activity?
1. Consult on CSR program design and implementation.
2. Serve as an advisor on CSR governance and risk management.
3. Review third parties for contractual compliance with CSR terms.
4. Identify and mitigate risks to help meet the CSR program objectives.

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

According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement?
1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits.
2. The needs and expectation of clients, including the nature, timing, and communication of engagement results.
3. The application of technology-based audit and other data analysis techniques, where appropriate.
4. The relative complexity and extent of work needed to achieve the engagement's objectives.

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

Which of the following statements pertaining to a market skimming pricing strategy is not true?

• A.The strategy is favored when unit costs fall with the increase in units produced.
• B.The strategy is favored when buyers are relatively insensitive to price increases.
• C.The strategy is favored when there is insufficient market capacity and competitors cannot increase market capacity.
• D.The strategy is favored when high price is perceived as high quality.