Free IIA-CHAL-QISA Practice Test Questions 2026

According to ISO 31000, which of the following statements is correct?

A. The board is responsible for setting the organizational attitude through tone at the top.

B. The internal audit activity will provide assurance over operating effectiveness but not over the design of risk management activities

C. The internal audit activity can give objective assurance on any part of the risk management framework for which it is responsible.

D. The framework is designed to be effective for organizations no matter how small.

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

A. ISO 26000

B. Global Reporting Initiative.

C. Open Compliance and Ethics Group.

D. COSO’s enterprise risk management framework.

Which of the following activities demonstrates an example of the chief audit executive performing residual risk assessment?

A. Cost-benefit analysis of management not implementing a recommendation to address an observation.

B. Inquiry of corrective action to be completed within a certain period

C. Reporting the status of every observation for every engagement in a detailed manner.

D. Soliciting management's feedback after completion of the audit engagement.

During which phase of the contracting process are contracts drafted for a proposed business activity’

A. Initiation phase.

B. Bidding phase.

C. Development phase.

D. Management phase

Which of the following is the most important determinant of the objectives and scope of assurance engagements? The organizational chart, business objectives, and policies and procedures of the area to be reviewed

A. The most recent risk assessment conducted by management of the area to be reviewed.

B. The requests of operational and senior management throughout the organization.

C. The preliminary risk assessment performed by internal auditors planning the engagement.

Which of the following is most likely to impair the organizational independence of the internal audit activity?

A. The chief audit executive (CAE) reports administratively to the chief financial officer

B. The CAE oversees the effectiveness of the organization’s risk management function.

C. The CAE reports functionally to the CEO.

D. The CAE managed the finance department for the past five years.

According to IIA guidance, which of the following activities are typically primary objectives of engagement supervision?

A. Enable training and development of staff, identify engagement objectives, and assign responsibilities to individual auditors.

B. Identify engagement objectives, assign responsibilities to individual auditors, and approve the engagement program. .

C. Assign responsibilities to individual auditors, approve the engagement program, and enable training and development of staff.

D. Approve the engagement program, enable training and development of staff, and identify engagement objectives

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. Quality assessments focus on the internal audit activity’s structure, relationships withstakeholders, compliance with the Standards, and internal audit staff proficiency.

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. Internal auditors completing internal assessments must demonstrate certification to perform quality assessments

Internal auditors map a process by documenting the steps in the process, which provides a framework for understanding Which of the following is a reason to use narrative memoranda?

A. To create a detailed risk assessment

B. To identify individuals who perform key roles

C. To explain a simple process.

D. To document which outputs support other activities.

According to IIA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the Internal audit activity^

A. CAE reviews and approves the annual audit plan.

B. CAE meets privately with the CEO at least annually

C. CAE meets privately with the board at least annually.

D. CAE reports to the board regarding audit staff performance evaluation and compensation.

According to the IIA Code of Ethics, which of the following is required with regard to communicating results?

A. The internal auditor should present material information to appropriate personnel within the organization without revealing confidential matters that could be detrimental to the organization

B. The internal auditor should disclose all material information obtained by the date of the final engagement communication.

C. The internal auditor should obtain all material information within the established time and budget parameters.

D. The internal auditor should reveal material facts that could potentially distort the reporting of activities under review

Which of the following should be included in a company's year-end inventory valuation?

A. Company goods that were sold during the year, free on board shipping point, that have been shipped but not yet received by the customer

B. Goods purchased by the company, free on board destination, that have not yet been received.

C. Goods on consignment, which the company is trying to sell for its customers.

D. Company goods for sale on consignment at a consignment shop