IIA IIA-CIA-Part1 Exam Actual Questions

Name: Certified Internal Auditor?
Brand: QA4Exam
SKU: IIA-CIA-Part1
Price: 30 USD
Availability: InStock
Rating: 4.8 (250 reviews)

The questions for IIA-CIA-Part1 were last updated on Oct 3, 2024.

Viewing page 1 out of 45 pages.
Viewing questions 1-5 out of 227 questions

Unlock Access to All 227 Questions & Answers

Question No. 1

Which of the following Code of Ethics principles specifically requires internal auditors to disclose all material facts known to them that, if not disclosed, may distort the reporting of activities under review?

AConfidentiality.

BTransparency.

CIntegrity.

DObjectivity.

Show Answer

Correct Answer: D

Question No. 2

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.

Show Answer

Correct Answer: B

Question No. 3

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

Show Answer

Correct Answer: A

Question No. 4

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.

Show Answer

Correct Answer: C

Question No. 5

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.

Show Answer

Correct Answer: D

Unlock All Questions for IIA IIA-CIA-Part1 Exam

Full Exam Access, Actual Exam Questions, Validated Answers, Anytime Anywhere, No Download Limits, No Practice Limits

Get All 227 Questions & Answers