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IIA IIA-CHAL-QISA Exam Overview:

Certification Vendor:	The Institute of Internal Auditors (IIA)
Exam Name:	Qualified Info Systems Auditor CIA Challenge Exam
Exam Number:	IIA-CHAL-QISA
Real Exam Qty:	150
Available Languages:	English
Exam Price:	$845 USD (Member) / $1,245 USD (Non-Member)
Certificate Validity Period:	3 years from program acceptance
Passing Score:	600 (out of 750)
Exam Duration:	180 minutes
Exam Format:	Multiple Choice
Related Certifications:	Certified Information Systems Auditor (CISA)
Recommended Training:	CIA Challenge Exam Study Guide
Exam Registration:	IIA Certification Candidate Management System Pearson VUE Scheduling
Sample Questions:	IIA IIA-CHAL-QISA Sample Questions
Exam Way:	Online remote proctored or Onsite at Pearson VUE test centers
Pre Condition:	Active holder of Certified Information Systems Auditor (CISA) designation; proof of good standing required
Official Syllabus URL:	https://www.theiia.org/en/certifications/cia/challenge-exam/information-systems/

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IIA IIA-CHAL-QISA Exam Syllabus Topics:

Topic	Details
Topic 1	Essentials of Internal Auditing: This domain has topics such as foundations of internal auditing, independence aconcept of governance and CSR.nd objectivity, Proficiency and Due Professional Care, QA, and Managing Risks. The domain covers describing the
Topic 2	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 3	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.

IIA Qualified Info Systems Auditor CIA Challenge Exam Sample Questions (Q147-Q152):

NEW QUESTION # 147
At a conference an internal auditor presented a new computer-assisted audit technique developed by his organization The presentation included sample data derived from performing audit engagements for the organization. Travel costs were paid by the conference organizers and the trip was approved by the chief audit executive (CAE). However, neither management nor the CAE was aware that the internal auditor would be making a presentation based on work completed for the organization According to IIA guidance, which of the following statements is most relevant regarding the actions of the auditor?

A. The auditor should have obtained permission before using the material, but did not violate the IIA Code of Ethics or Standards
B. The auditor violated the principle of confidentiality by disclosing information about the organization without approval.
C. The auditor did not violate the standard of objectivity because the presentation had no impact on the organization.
D. The auditor breached the conflict of interest standard by accepting payment for travel costs

Answer: B

Explanation:
Understanding Confidentiality: According to the IIA Code of Ethics, internal auditors are required to respect the value and ownership of information they receive and not disclose information without appropriate authority unless there is a legal or professional obligation to do so.
Presentation Details: In this scenario, the internal auditor presented sample data derived from audit engagements performed for the organization. Even though the travel costs were covered by the conference organizers and the trip was approved by the CAE, neither the CAE nor management was aware of the specific content of the presentation.
Violation of Confidentiality: By disclosing information related to the organization's audit engagements without prior approval from management or the CAE, the auditor breached the confidentiality principle. The auditor should have sought permission before using and presenting any material related to the organization's internal operations.

NEW QUESTION # 148
Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?

A. Evaluate how the organization manages fraud risk.
B. Verify that organizational objectives are aligned with each departments objectives.
C. Establish procedures for improving risk management processes.
D. Ensure risk responses are aligned with industry standards

Answer: A

Explanation:
Risk Management Evaluation: During an audit engagement examining the effectiveness of risk management processes, the internal audit activity should focus on evaluating how the organization manages various types of risks, including fraud risk.
Fraud Risk Management: This involves assessing the organization's mechanisms for identifying, assessing, and responding to fraud risks. It also includes reviewing the effectiveness of controls in place to prevent and detect fraudulent activities.
IIA Standards: Standard 2120 Risk Management emphasizes that internal auditors must evaluate the potential for the occurrence of fraud and how the organization manages fraud risk.
Comprehensive Approach:
Risk Assessment: Ensuring that the organization conducts thorough risk assessments to identify potential fraud risks.
Control Environment: Evaluating the control environment to ensure it supports ethical behavior and reduces opportunities for fraud.
Fraud Prevention and Detection: Reviewing the policies and procedures in place to prevent and detect fraud, including whistleblower mechanisms and fraud response plans.

NEW QUESTION # 149
An internal audit activity has to confirm the validity of the activities reported by a grantee that received a chantable contribution from the organization Which of the following methods would best help meet this objective?

A. Verifying that the grantee's final report is in line with what was depicted in the initial budget request.
B. Reconciling general ledger accounts used by management of the area under review for reflecting expenses on charitable contributions
C. Interviewing employees of the corporate affairs department, which is responsible for charitable activities
D. Visiting the grantee to assess whether the execution of the project was in line with the defined grant scope.

Answer: D

Explanation:
* Introduction:
* When verifying the validity of activities reported by a grantee, it is essential to gather evidence that the project was executed as intended and within the defined scope.
* Effective Verification Methods:
* A site visit allows the auditor to observe firsthand the activities and projects funded by the grant, ensuring they align with the grant's objectives and scope.
* Options Analysis:
* Option A: Visiting the grantee provides direct evidence of the project execution and alignment with the grant scope.
* Option B: Verifying the final report against the initial budget request ensures financial compliance but does not confirm actual project activities.
* Option C: Reconciling general ledger accounts verifies financial records but not the execution of activities.
* Option D: Interviewing corporate affairs employees provides insight but not direct evidence of project execution.
* Conclusion:
* The best method to confirm the validity of the activities reported by a grantee is to visit the grantee and assess whether the project execution aligns with the defined grant scope.

NEW QUESTION # 150
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. Internal auditors completing internal assessments must demonstrate certification to perform quality assessments
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. Quality assessments focus on the internal audit activity's structure, relationships with stakeholders, compliance with the Standards, and internal audit staff proficiency.

Answer: D

Explanation:
Understanding Quality Assessments: Quality assessments in internal audit activities are designed to evaluate various aspects such as the structure of the internal audit activity, relationships with stakeholders, compliance with the IIA Standards, and the proficiency of internal audit staff.
Internal Assessments: These include ongoing monitoring of the performance of the internal audit activity and periodic self-assessments or assessments by other persons within the organization with sufficient knowledge of internal audit practices.
External Assessments: External assessments should be conducted at least once every five years by a qualified, independent assessor or assessment team from outside the organization to ensure objectivity and comprehensiveness.
Focus Areas: Quality assessments should focus on compliance with the IIA Standards, the effectiveness of the internal audit activity's structure, the quality of relationships with stakeholders, and the proficiency and continuous professional development of internal audit staff.
Continuous Improvement: The quality assurance and improvement program (QAIP) should be designed to enable the internal audit activity to add value and improve an organization's operations. It helps ensure that the internal audit activity is in compliance with the IIA Standards and Code of Ethics and continuously improves.

NEW QUESTION # 151
A newly appointed chief audit executive (CAE) of a small organization is developing a resource management plan. Which of the following approaches would be most beneficial to help the CAE obtain details of the internal audit activity's collective knowledge, skills, and other competencies?

A. Review or establish a documented skills assessment of the internal audit staff and gather information from post-audit surveys.
B. Obtain from the human resources department the job descriptions and position requirements forall internal audit staff.
C. Conduct an objective written test of the internal audit staff to assess their knowledge and skills related to core internal audit competencies.
D. Request the internal audit staff to submit a document that summarizes their most recent performance appraisals and post audit reviews.

Answer: A

Explanation:
Conducting a documented skills assessment helps in identifying the existing competencies and any gaps within the internal audit team.
Post-audit surveys can provide feedback on the performance and areas for improvement, which can be used to further refine the skills and competencies of the audit staff (Ref: [16†source])

NEW QUESTION # 152
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