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IIA-CIA-Part1 Exam Questions

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IIA-CIA-Part1 Exam Questions

Free IIA-CIA-Part1 Exam Questions - IIA IIA-CIA-Part1 Exam

IIA IIA-CIA-Part1 Exam

Certified Internal Auditor Exam

Total Questions: 757

Last Updated : 07-12-2024

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IIA-CIA-Part1 Exam - Prepare from Latest, Not Redundant Questions!

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IIA IIA-CIA-Part1 Exam Sample Questions:

Q1.

Which of the following statements is the most appropriate for a chief audit executive to include in the internal audit policy manual in order to promote objectivity?

AInternal auditors may conduct a financial effectiveness engagement in a business unit at any point after being transferred from that area.

BInternal auditors may conclude that a business unit's current control environment is adequate and effective if the review of the prior year's workpapers and audit report supports that conclusion.

CInternal auditors may conduct an engagement in a business unit at any point after providing a training workshop in that area.

DInternal auditors should limit the scope of an engagement if they become aware of a potential impairment of their objectivity in order to reduce the potential impact of the impairment on the engagement results.

Q2.

According to IIA guidance, which of the following best demonstrates due professional care?

AStaffing audit engagements with internal auditors who possess professional designations.

BRelying on prior audit work to save planning time and costs.

CPerforming assurance procedures to guarantee all significant risks are identified.

DAssessing the cost of assurance in relation to the potential benefits.

Q3.

Which of the following engagements would be considered an appropriate consulting service?

AThe internal audit activity of a commercial bank routinely performs branch audits for compliance with regulations.

BThe internal audit activity participates in a cosourcing arrangement with an IT audit firm to test information systems security.

CThe internal audit activity facilitates biannual training of the risk management team in risk identification methodologies.

DThe internal audit activity partners with external auditors annually to complete fieldwork required as a part of the external audit exercise.

Q4.

An organization's board of directors has decided that the internal audit activity must have greater access to different pans of the organization in order to perform their assurance work effectively Which of !he following areas is the board seeking to improve by making this change?

AInternal audit authority.

BInternal audit reporting structure.

CInternal audit independence and objectivity.

DInternal audit interaction with the board

Q5.

Which of the following situations is most likely to threaten the independence of the internal audit activity?

AThe chief audit executive reports functionally to the board and administratively to the CEO.

BThe annual budget for the internal audit activity is approved by the chief financial officer.

CThe internal audit activity is completely outsourced to an external service provider.

DThe internal audit manager provides consulting services to the procurement department, where she worked during the prior year.

Solutions:

Question: 1 Answer: D

Question: 2 Answer: D

Question: 3 Answer: C

Question: 4 Answer: A

Question: 5 Answer: B

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Edward 3 days ago

Highly recommend these practice questions especially the premium ones. they cover all latest exam topics using realistic scenarios which is great to be prepared for the worst in exam.

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HASSKAVOLEAK SOK 6 days ago

yes

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