IIA IIA-CIA-Part1 CIA Exam Part One: Essentials of Internal Auditing Online Training
IIA IIA-CIA-Part1 Online Training
The questions for IIA-CIA-Part1 were last updated at Mar 06,2025.
- Exam Code: IIA-CIA-Part1
- Exam Name: CIA Exam Part One: Essentials of Internal Auditing
- Certification Provider: IIA
- Latest update: Mar 06,2025
Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?
- A . Planning an engagement of the area in which fraud is suspected.
- B . Employing audit tests to detect fraud.
- C . Interrogating a suspected fraudster
- D . Completing a process review to improve controls to prevent fraud
Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?
- A . Planning an engagement of the area in which fraud is suspected.
- B . Employing audit tests to detect fraud.
- C . Interrogating a suspected fraudster
- D . Completing a process review to improve controls to prevent fraud
Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?
- A . Planning an engagement of the area in which fraud is suspected.
- B . Employing audit tests to detect fraud.
- C . Interrogating a suspected fraudster
- D . Completing a process review to improve controls to prevent fraud
Assisting the controller in developing and monitoring a series of business process indicators, which are historically correlated with, but independent of sales.
- A . 1 and 2 only.
- B . 2 and 3 only.
- C . 2 and 4 only.
- D . 3 and 4 only
Which of the following scenarios would most significantly restrict the areas where internal audit could perform assurance services?
- A . Regulators mandate specific audit engagements to be included in the audit plan.
- B . The internal audit activity reports functionally to the chief financial officer
- C . The internal audit activity reports administratively to the CEO and functionally to the audit committee.
- D . The internal audit activity reports administratively to the chief financial officer.
According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?
- A . To enable Triple Bottom Line reporting capability.
- B . To facilitate the conduct of risk assessment.
- C . To achieve and maintain sustainable development.
- D . To fulfill regulatory and compliance requirements.
The chief audit executive (CAE) of a new internal audit activity is creating an internal audit charter According to IIA guidance, which of the following terms is most likely to be included in the charter?
- A . Senior management will be present whenever the CAE interacts with the board, to ensure effective communication among all three parties.
- B . Internal auditors will advise on the design of control policies and procedures in any area where the organization does not possess the requisite expertise,
- C . Internal auditors will demonstrate competence, concern, and the dedication expected of a professional,
- D . Internal auditors will receive performance-based compensation, including bonuses for reporting more than a stipulated number of observations.
According to NA 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.
Which of the following statements is true regarding electronic funds transfer (EFT)?
- A . EFT is a popular mechanism for improving efficiency, but results in less internal control.
- B . EFT significantly reduces the risk of fraud by eliminating the need for authorizations.
- C . EFT eliminates payment delays due mostly to the introduction of automated cash controls,
- D . EFT makes use of numerous automated controls, but is still vulnerable to fraudulent accounting entries.
According to the 11A 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.
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