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 Feb 28,2025.
- Exam Code: IIA-CIA-Part1
- Exam Name: CIA Exam Part One: Essentials of Internal Auditing
- Certification Provider: IIA
- Latest update: Feb 28,2025
Which of the following processes does the board manage to ensure adequate governance?
- A . Establish and measure performance objectives for the internal audit activity.
- B . Select board members with necessary knowledge and skills.
- C . Develop, approve, and execute the strategic plan of the organization.
- D . Develop strategies to mitigate the risks to achieving the organization’s objectives
Which of the following best describes the internal audit activity’s contribution to the implementation of the risk management framework?
- A . Internal audit identifies key risk areas during assurance reviews and provides audit findings.
- B . Internal audit assists with the prioritization of identified risks.
- C . Internal audit participates in setting the risk appetite.
- D . Internal audit takes part in the design of risk mitigation measures.
During a review of employee benefits, a staff internal auditor observed an ambiguity in the incentive compensation policy. If reported, it could negatively impact the internal auditor’s compensation.
Which of the following would encourage the internal auditor to be objective in his work?
- A . Periodic reinforcement of the internal audit activity’s code of ethics disclosure practices.
- B . External assessments of the internal audit activity every five years.
- C . Audit committee review of every engagement report at the conclusion of the audit.
- D . Internal audit charter approved by the board.
During an assurance engagement, an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies.
Which of the following skills did the auditor demonstrate?
- A . Internal audit management.
- B . Conflict negotiation.
- C . Critical thinking.
- D . Persuasion and collaboration.
An internal auditor observed that sales staff are able to modify or cancel an order in the system prior to shipping* She wonders whether they can also modify orders after shipping.
Which of the following types of controls should she examine?
- A . Batch controls.
- B . Application controls.
- C . General IT controls.
- D . Logical access controls
Which of the following statements best illustrates why internal auditors assess soft controls?
- A . Assessing soft controls are an effective method of assessing risk related to personnel.
- B . Assessing soft controls, as opposed to hard controls, makes it easier to evaluate operating effectiveness.
- C . Assessing soft controls can help internal auditors in undertaking root-cause analysis.
- D . Assessing soft controls provides more objective information than assessing hard controls.
While conducting an engagement in the procurement department, the internal auditor noticed that the department head’s travel reports showed minor travel expenses, and there were no charges for hotels, meals, or transportation. However, the auditor knew that the department head frequently traveled worldwide to meet with suppliers and visit their production sites.
Which of the following would be the most appropriate next step for the auditor?
- A . The auditor should make a note of the issue for follow-up when employee travel expenses are audited.
- B . The auditor should analyze trends and changes among the organization’s suppliers over the past few years.
- C . The auditor should investigate whether there are any special arrangements regarding senior management travel.
- D . The auditor should analyze the list of destinations the department head visited to estimate typical costs.
Which of the following best illustrates the application of due professional care during an audit of the procurement department?
- A . The internal auditor began checking purchase requisitions for proper authorizations. He stopped when he discovered an instance of noncompliance. and he concluded the controls were ineffective.
- B . The internal auditor discovered an instance where management did not follow the standard bidding processes. The auditor assessed the validity of management’s
reasons for deviating from standard practice and the supporting documentation, and determined that the deviation was acceptable. - C . The internal auditor selected a sample of purchase orders with amounts greater than S5.000, the threshold at which the organization requires a bidding process. The auditor obtained documentation of the bidding process for each purchase order in the sample.
- D . The internal auditor analyzed bidding documents provided by management. Management indicated that the documents were purchase orders issued to a sole-source vendor Based on the analysis and management’s declaration, the internal auditor determined that the procurement process was effective.
Which of the following procedures will best help an internal auditor assess operating effectiveness of fraud prevention and detection controls?
- A . Benchmarking best practices
- B . Testing,
- C . Mapping,
- D . Interviewing
Operational management in the IT department has developed key performance indicator reports, which are reviewed in detail during monthly staff meetings.
This activity is designed to prevent which of the following conditions?
- A . Knowledge/skills gap,
- B . Monitoring gap.
- C . Accountability/reward failure,
- D . Communication failure.
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