IIA-CHAL-QISA

IIA-CHAL-QISA practice questions, page 5 of 6, with answer review and explanations.

Question 21

Which of the following fraud schemes is often an off-book fraud?

  1. Payroll fraud.
  2. Disbursement fraud.
  3. Corruption.
  4. Information misrepresentation.

Question 22

According to Maslow’s Hierarchy of Needs Theory, which of the following are the most basic needs to be fulfilled first?

  1. Safety.
  2. Security.
  3. Physiological needs.
  4. Self-esteem.

Question 23

Which of the following is a true statement regarding whistleblowing?

  1. Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.
  2. Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behavior.
  3. Whistleblowers are current or former employees who are disgruntled and looking to retaliate.
  4. Whistleblowers should inform the organization about actual criminal circumstances, not assumed allegations.

Question 24

According to IIA guidance, which of the following risks is specific to the strategic fit and sourcing evaluation stage of the IT outsourcing lifecycle?

  1. The absence of an IT governance process.
  2. The absence of a service level agreement in the contract.
  3. The absence of assurance reports from service auditors.
  4. The absence of contingency plans.

Question 25

An extract from an organization’s financial statement showed the following figures for the year: Opening inventory:$300,000 - Purchases:$50,000 - Cost of goods sold:$150,000 - Sales:$180,000 - Sales returns:$2,500 - Based on the information above, what is the organization’s value of the ending inventory for the year?

  1. $167,500
  2. $170,000
  3. $197,500
  4. $200,000