Latest QIA Practice Tests with Actual Questions

Get Complete pool of questions with Premium PDF and Test Engine

Exam Code : QIA
Exam Name : Qualified Internal Auditor
Vendor Name :
"IQN"

Download Full Version of QIA

---

QIA Dumps

QIA Braindumps QIA Real Questions QIA Practice Test

QIA Actual Questions

IQN

QIA

Qualified Internal Auditor

https://killexams.com/pass4sure/exam-detail/QIA

Question: 70

Accounts payable schedule verification may include the use of analytical evidence. Which of the following is most appropriately described as analytical evidence?

1. Comparing the items on the schedule with the accounts payable ledger or unpaid voucher file.

2. Comparing the balance on the schedule with the balances of prior years.

3. Comparing confirmations received from selected creditors with the accounts payable ledger.

4. Examining vendors' invoices in support of selected items on the schedule.

Answer: B

Question: 71

Which of the following tests can help the auditor to evaluate the adequacy of the company's allowance for doubtful accounts?

1. Reconciling the accounts receivable subsidiary ledgers with the control account.

2. Preparing an aging analysis.

3. Reviewingauthorizationof credit terms.

4. Tracing a sample of credit memos to the accounts receivable subsidiary ledger.

Answer: B

Question: 72

To test compliance with a policy regarding sales returns recorded during the most recent year, an auditor systematically selected 5% of the actual returns recorded in March and April. Returns during these two busiest months of the year represented about 25% of total annual returns. Error projections from this sample have limited usefulness because

1. The small size of the sample relative to the population makes sampling risk unacceptable.

2. The failure to stratify the population according to sales volume results in bias.

3. The systematic selection of returns during the two months is not sufficiently random.

4. The error rates during the two busiest months may not be representative of the whole year.

Question: 73

During the audit of inventories, an internal auditor specified a precision of 5% instead of the 4% contained in the preliminary audit program. What would be the impact of the change in precision?

1. A decrease in population standard deviation.

2. An increase in population standard deviation.

3. A decrease in required sample size

4. An increase in required sample size

Answer: C

Question: 74

Which of the following statements conveys negative information in such a way that afavorableresponse from the auditee may still be achieved?

1. Your bookkeeper has failed to reconcile the bank statement each month.

2. The bank statements have not been reconciled each month.

3. Unfortunately, your bookkeeper has not taken the time to reconcile the bank statement each month.

4. You have apparently failed to inform your book keeper that the bank statements should be reconciled on a timely basis.

Answer: B

Question: 75

During an interview with a data input clerk to discuss acomputerizedsystem used to track employee training requirements and compliance, an auditor identifies a potentially significant weakness in the system. The auditor should

1. Not mention the weakness, directly or indirectly, to avoid making the clerk uncomfortable.

2. Ask indirect questions that will help get more factual information relating to the potential weakness.

3. Ask the clerk about the weakness and determine immediately if the finding should be reported.

4. Conduct a second interview after determining whether the weakness actually exists.

Question: 76

Which of the following is the best source for an audit team to use to identify common risks faced by a company?

1. Checklists or reminder lists

2. Flowcharts

3. Questionnaires

4. Research reported in professional journals and text books

Answer: D

Question: 77

An internal auditor found that employees in the maintenance department were not signing their time cards. This situation also existed during the last audit. The auditor should

1. Include this finding in the current audit report.

2. Ask the manager of the maintenance department to assume the resulting risk.

3. Withhold conclusions about payroll internal control in the maintenance department.

4. Instruct the employees to sign their time cards

Answer: A

Question: 78

Computer fraud is discouraged by

1. Being willing to prosecute.

2. Ostracizingwhistle-blowers.

3. Overlooking inefficiencies in the judicial system.

4. Accepting the lack of integrity in the system.

Answer: A

Question: 79

Which of the following types of tests would be the most persuasive if an internal

1. Examination of the shipping documents supporting recorded transfers to and from the warehouse.

2. Obtaining written confirmation from management.

3. Physically observing the inventory in the warehouse.

4. Examination of warehouse receipts contained in the auditee's records.

Answer: C

Question: 80

Purchases from two new vendors increased dramatically after a new buyer was hired. The buyer was obtaining kickbacks from the two vendors based on sales volume. A possible means of detection is

1. Periodic vendor surveys regarding potential buyer conflict of interest or ethics violations.

2. The receipt of an invoice to put new vendors on the master file.

3. The use of purchase orders for all purchases.

4. The use of change analysis and trend analysis of buyer or vendor activity.

Answer: D

User: Polina***** Thanks to Killexams.com, I am now QIA certified. Their website offers an extraordinary series of practice tests and exam preparation resources. I used them extensively to prepare for my QIA certification exam, and their material was just as appropriate. The questions are authentic, and the exam simulator works great. I had no issues during the exam. I ordered the material, practiced for a week, and passed the QIA exam with flying colors. Killexams.com offers the perfect exam preparation that everyone should endorse.

User: Daniel***** During my preparation for the QIA exam, I faced a tough time seeking help from friends as the material I received was mostly unclear and overwhelming. However, I stumbled upon killexams.com and its Questions and Answers material, which proved to be a valuable resource. With the help of their material, I was able to understand all the concepts and answer all the questions in the practice test with precision, bringing endless happiness to my profession.

User: Charlotte***** Every morning, I would put on my jogging shoes and head out for a run to get some fresh air and feel energized. However, on the day before my qia exam, I did not feel like running at all because I was so anxious about failing. I found what I needed to energize me, and it was not running, it was Killexams.com, which provided me with a pool of educational resources that helped me achieve good scores on my exam.

User: Winnie***** Thanks to the killexams.com questions and answers, I was able to pass the qia exam with a score of 100%. The material was accurate and up-to-date, which made my preparation more effective.

User: Martina***** I passed my QIA exam with a remarkable score of 99% in just 15 days of preparation, all thanks to the questions and answers provided by Killexams.com. Their material made studying so easy that I even managed to understand the challenging topics comfortably. I am very grateful for the powerful study guide Killexams.com provided, and I hope they continue to produce such helpful guides for other IT certification exams.

---