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 04,2025.
- Exam Code: IIA-CIA-Part1
- Exam Name: CIA Exam Part One: Essentials of Internal Auditing
- Certification Provider: IIA
- Latest update: Mar 04,2025
Which of the following types of policies best helps promote objectivity in the interna! audit activity’s work?
- A . Policies that are distributed to all members of the internal audit activity and require a signed acknowledgment,
- B . Policies that match internal auditors’ performance with feedback from management of the area under review.
- C . Policies that keep internal auditors in areas where they have vast audit expertise.
- D . Policies that provide examples of inappropriate business relationships.
According to NA guidance, which of the following conditions would enhance the independence of the internal audit activity?
- A . The organizational culture rewards critical and objective thinking.
- B . The quality of work performed by the internal audit activity is periodically reviewed,
- C . The organization establishes effective governing body oversight,
- D . Audit assignments are rotated among internal audit staff
A series of incidents over the past year reveals several members of senior management possess a limited understanding of the concept and impact of fraud.
Which of the following would be the most effective way to approach this issue?
- A . The board should ask the internal audit activity to perform additional assurance engagements.
- B . A comprehensive fraud risk assessment and management program should be carried out.
- C . The organization should conduct training sessions on fraud, which should be attended by senior management and staff.
- D . Anti-fraud and whistleblowing policies should be implemented and their importance should be clearly stated.
In which of the following situations may the internal audit activity report conformance with the Standards?
- A . An internal audit activity has been in existence at least five years and has not completed an
external assessment, - B . An internal auditor was assigned to an audit engagement but did not meet individual objectivity requirements.
- C . The internal audit activity prepared an internal audit plan that was not risk-based.
- D . The internal audit activity has been in existence fewer than five years, but periodic self-assessments were conducted.
A chief audit executive (CAE) identifies that the internal audit activity lacks a necessary skill to perform a management request for a consulting engagement.
According to IIA guidance, which of the following is the most appropriate action the CAE should take regarding the request?
- A . Assign the engagement to a more senior internal auditor.
- B . Decline the engagement request.
- C . Allow the internal auditors to acquire the needed skills while performing the engagement.
- D . Supervise the assigned internal auditors throughout the engagement.
Which of the following statements best demonstrates application of due professional care during an assurance engagement?
- A . The engagement detected irregularities and noncompliance instances.
- B . The engagement supervisor had no significant comments in the supervisory review.
- C . The audit procedures were systematically planned, executed, and documented.
- D . The engagement objectives were designed to assist the engagement client.
Which of the following best describes the risk contained in an initial public offering for a new stock?
- A . Residual risk.
- B . Net risk.
- C . Inherent risk.
- D . Underlying risk.
An internal auditor is updating the risk register for risks identified during a recent organizational risk assessment.
According to the Standards, which of the following would the auditor include in the risk register?
- A . Management’s acceptance of inadequate controls for cybersecurity risk.
- B . Discussions with senior management relating to a new revenue stream.
- C . Mitigating controls implemented by the engagement supervisor
- D . Project manager planned hours versus time spent for all prior year projects
Which of the following would be considered a monitoring activity in organization wide risk management?
- A . Validate the results of management’s self-assessment.
- B . Perform reviews of personnel.
- C . Maintain rigorous and comprehensive documentation.
- D . Obtain authorizations and signatures.
Which of the following documents are internal auditors most likely to be asked to sign as a demonstration of due professional care?
A description of their job responsibilities,
- A . A non-disclosure agreement.
- B . An annual declaration of commitment to
- C . The IIA s Code of Ethics.
- D . The internal audit charter.
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