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
According to IIA guidance, which of the following statements is true regarding due professional care?
- A . Internal auditors must exercise due professional care to Insure that all significant risks will be identified,
- B . Internal auditors must apply the care and skill expected of a reasonably prudent and competent internal auditor
- C . Due professional care requires the internal auditor to conduct extensive examinations and verifications to ensure fraud does not exist,
- D . Due professional care is displayed during a consulting engagement when the internal auditor focuses on potential benefits of the engagement rather than the cost.
Senior management has decided to adopt the key principles approach of the ISO 31000 risk management framework.
According to IIA guidance, which of the following principles is most appropriate when implementing the risk management process in a dynamic agency?
- A . Everyone in the agency has a primary responsibility for identifying and managing risks as part of the risk management process.
- B . The risk management process, while evaluating risk, should develop a mechanism to rank the relative importance of each risk.
- C . The risk management process should be regularly reviewed and respond to changes in the environment, to remain relevant.
- D . The risk management process should use a formal technique to consider the consequence and likelihood of each risk.
A multinational organization has asked the internal audit activity to assist in setting up the organization’s risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant.
Which of the following tasks is appropriate for the CAE to undertake?
- A . Coordinate and facilitate risk workshops for management to attend.
- B . Establish the degree of risk appetite for management to accept.
- C . Set risk indicators and mitigation plans for management to implement
- D . Determine the number of significant risks for management to report to the board.
Upon joining the internal audit activity, each new auditor receives a copy of the audit handbook.
Which of the following handbook policies has the greatest risk of compromising audit objectivity?
- A . Internal auditors should obtain 80 hours of continuing professional education every two years, 20 of which should be audit-related, and the remainder may be operations-related.
- B . Internal auditors should rotate to other areas of the organization for nonaudit assignments to gain an understanding of the organization’s operations.
- C . Internal auditors should have direct and unrestricted access to personnel and information throughout the organization and the governing board.
- D . Internal auditors should undergo annual performance appraisals conducted by the chief audit executive, who reports administratively to the chief financial officer.
Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?
- A . ISO 26000.
- B . Global Reporting Initiative.
- C . Open Compliance and Ethics Group.
- D . COSO’s enterprise risk management framework
Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?
- A . ISO 26000.
- B . Global Reporting Initiative.
- C . Open Compliance and Ethics Group.
- D . COSO’s enterprise risk management framework
Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?
- A . ISO 26000.
- B . Global Reporting Initiative.
- C . Open Compliance and Ethics Group.
- D . COSO’s enterprise risk management framework
Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?
- A . ISO 26000.
- B . Global Reporting Initiative.
- C . Open Compliance and Ethics Group.
- D . COSO’s enterprise risk management framework
Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?
- A . ISO 26000.
- B . Global Reporting Initiative.
- C . Open Compliance and Ethics Group.
- D . COSO’s enterprise risk management framework
Identify and mitigate risks to help meet the CSR program objectives.
- A . 1,2, and 3,
- B . 1 2, and 4.
- C . 1, 3, and 4.
- D . 2, 3, and 4.
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