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 Nov 19,2024.
- Exam Code: IIA-CIA-Part1
- Exam Name: CIA Exam Part One: Essentials of Internal Auditing
- Certification Provider: IIA
- Latest update: Nov 19,2024
Which of the following controls would be most useful to prevent an employee from using the organization’s funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
- A . Segregating duties in the payroll processes.
- B . Confirming receipt of goods or services.
- C . Performing background checks on newly hired employees.
- D . Requiring management approval for expenses.
Which of the following controls would be most useful to prevent an employee from using the organization’s funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
- A . Segregating duties in the payroll processes.
- B . Confirming receipt of goods or services.
- C . Performing background checks on newly hired employees.
- D . Requiring management approval for expenses.
Which of the following controls would be most useful to prevent an employee from using the organization’s funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
- A . Segregating duties in the payroll processes.
- B . Confirming receipt of goods or services.
- C . Performing background checks on newly hired employees.
- D . Requiring management approval for expenses.
Which of the following controls would be most useful to prevent an employee from using the organization’s funds for inappropriate expenditures and falsifying financial records to conceal the fraud?
- A . Segregating duties in the payroll processes.
- B . Confirming receipt of goods or services.
- C . Performing background checks on newly hired employees.
- D . Requiring management approval for expenses.
It describes the expectations for communicating the results of a quality assurance and Improvement program.
- A . 1 and 4 only.
- B . 3 and 4 only.
- C . 1.2. and 4.
- D . 2. 3. and 4.
The chief audit executive (CAE) has hired a new internal auditor who was immediately assigned to a procurement function audit. Because the new auditor’s name is similar to that of the procurement manager, some staff members think the two are related, although they are not.
Which of the following actions is most appropriate for the CAE to take?
- A . Take no action, as there is no impairment to independence.
- B . Remove the new internal auditor from the engagement team.
- C . Discuss the matter with the appropriate personnel to alleviate concerns.
- D . Closely supervise the new auditor and carefully review his work.
There is a growing perception that employees generally evade their responsibilities.
What impact will an internal auditor most likely see during an engagement?
- A . Supervisors are likely to reduce their level of supervision and increase span of control.
- B . Employees are likely to be supervised closely and given little freedom.
- C . Peer employees are likely to trust one another, but distrust management.
- D . Employees are likely to join forces to accomplish their duties as teams.
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?
- A . Internal auditors may conduct a financial effectiveness engagement in a business unit at any point after being transferred from that area.
- B . Internal 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.
- C . Internal auditors may conduct an engagement in a business unit at any point after providing a training workshop in that area.
- D . Internal 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.
Which of the following written documents typically offers the best evidence that internal auditors exercise due professional care in conformance with the Standards?
- A . Internal audit charter.
- B . Workpaper.
- C . Audit report.
- D . Code of ethics.
An organization is considering purchasing a new banking software system and has asked the internal audit activity to evaluate the system. An internal auditor assigned to perform the engagement worked at the software company two years ago and is familiar with the system’s design strengths and weaknesses.
Which of the following is true regarding impairment to the auditor’s objectivity?
- A . This situation does not necessitate any action related to the auditor’s objectivity.
- B . The auditor should decline to perform the audit because personal conflicts of interest are likely.
- C . The auditor must disclose to the chief audit executive that this situation may impair her objectivity.
- D . The auditor can provide only consulting services, not assurance.
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