[Q348-Q364] Accurate & Verified 2022 New IIA-ACCA Answers As Experienced in the Actual Test!

Q348. According to IIA guidance, which of the following would be the best first step to manage risk when a third party is overseeing the organization’s network and data?

Q349. While performing an accounts payable engagement, a senior auditor wants to conduct several tests of controls for travel expenses. Which of the following actions are most appropriate for the senior auditor to undertake?
1. Ensure all tests use a random sampling technique.
2. Consider a judgmental approach for the sample size.
3. Assess testing errors through root cause analysis.
4. Ensure that the entire data set is tested.

Q350. Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. Which of the following is the internal auditor’s most appropriate next step?

Q351. Which of the following is always true regarding the use of encryption algorithms based on public key infrastructure (PKI)?

Q352. If a bank’s activities are categorized under such departments as community banking, institutional banking, and agricultural banking, what kind of departmentalization is being utilized?

Q353. Which of the following re a result of implementing an e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and billing?

Q354. If legal or regulatory standards prohibit conformance with certain parts of The IIA’s Standards, the auditor should do which of the following?

Q355. Preferred stock is less risky for investors than is common stock because:

Q356. Which of the following statements is true regarding cost-volume-profit analysis?

Q357. A global business organization is selecting managers to post to various international (expatriate) assignments.
In the screening process, which of the following traits would be required to make a manager a successful expatriate?
1. Superior technical competence.
2. Willingness to attempt to communicate in a foreign language.
3. Ability to empathize with other people.

Q358. Which of the following is most important for an internal auditor to check with regard to the database version?

Q359. An assurance mapping exercise helps an organization do which of the following?
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.

Q360. Which of the following control methods is effective in reducing the risk of purchasing-scheme fraud?
1. Periodically reviewing the vendor list for unusual vendors and addresses.
2. Segregating duties for amount purchasing, receiving, shipping, and accounting.
3. Validating sequential integrity of purchase orders.
4. Verifying the validity of invoices with post office box addresses.

Q361. Which of the following cybersecurity-related activities is most likely to be performed by the second line of defense?

Q362. When applied to international economics, the theory of comparative advantage proposes that total worldwide output will be greatest when:

Q363. New environmental regulations require the board to certify that the organization’s reported pollutant emissions data is accurate. The chief audit executive (CAE) is planning an audit to provide assurance over the organization’s compliance with the environmental regulations. Which of the following groups or individuals is most important for the CAE to consult to determine the scope of the audit?

Q364. Which of the following is the primary engagement responsibility of an entry-level internal auditor?