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 Apr 03,2025.
- Exam Code: IIA-CIA-Part1
- Exam Name: CIA Exam Part One: Essentials of Internal Auditing
- Certification Provider: IIA
- Latest update: Apr 03,2025
If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?
- A . Politely decline the engagement due to a lack of qualified staff available at the time.
- B . Complete the engagement as requested, with the best of the current staffs abilities.
- C . Consider using employees from other departments in the organization on the audit team.
- D . Change the scope of the testing to ensure that only available staff proficiencies are used
Which of the following actions should the internal audit activity take during an audit engagement when examining the effectiveness of risk management processes?
- A . Evaluate how the organization manages fraud risk.
- B . Establish procedures for improving risk management processes.
- C . Ensure risk responses are aligned with industry standards.
- D . Verify that organizational objectives are aligned with each department’s objectives.
A regional entertainment organization is in the process of developing a corporate social responsibility (CSR) policy. Management invites ideas from employees when developing the CSR policy.
Which of the following is the most appropriate idea to include?
- A . Management has overall responsibility for the effectiveness of governance, risk management, and internal control processes associated with CSR.
- B . The board is responsible for ensuring that CSR objectives are established, risks are managed, performance is measured, and activities are appropriately monitored and reported.
- C . Management is responsible for ensuring that the organization’s CSR principles are communicated, understood, and integrated into decision-making processes.
- D . Generally, CSR activities are limited to the management of the organization; thus, employees do not have a responsibility for ensuring the success of CSR objectives.
In which scenario might it be considered problematic for the chief audit executive (CAE) to provide assurance services over the payroll function?
- A . The CAE previously undertook a consulting assignment in that area to improve processes,
- B . A couple of years ago, the CAE performed accounting functions for the payroll department.
- C . Prior to becoming the CAE, the CAE was the payroll manager.
- D . The assurance review was initiated following issues identified during a consulting assignment requested by management.
Which of the following would be the most effective fraud prevention control?
- A . Email alert sent to management for checks issued over $100,000.
- B . Installation of a video surveillance system in a warehouse prone to inventory loss.
- C . New hire training to explain fraud and employee misconduct.
- D . Daily report that identifies unsuccessful system log-in attempts
At a conference, an interna! auditor presented a new computer-assisted audit technique developed by his organization. The presentation included sample data derived from performing audit engagements for the organization. Travel costs were paid by the conference organizers, and the trip was approved by the chief audit executive (CAE).
However, neither management nor the CAE was aware that the internal auditor would be making a
presentation based on work completed for the organization.
According to IIA guidance, which of the following statements is most relevant regarding the actions of the auditor?
- A . The auditor did not violate the standard of objectivity because the presentation had no impact on the organization.
- B . The auditor violated the principle of confidentiality by disclosing information about the organization without approval.
- C . The auditor should have obtained permission before using the material, but did not violate the IIA Code of Ethics or Standards,
- D . The auditor breached the conflict of interest standard by accepting payment for travel costs
The board of a newly established organization was discussing the contents of the draft internal audit charter One board member suggested adding to the charter an obligation for the internal audit activity to develop controls in business procedures. The board member explained that the new organization needs professional-level developers, internal auditors have the necessary skills and competencies, and the internal audit activity is well positioned to assume this responsibility.
Which of the following would be a potential concern if the board member’s suggestion is adopted?
- A . Due professional care.
- B . Internal audit objectivity.
- C . Risk management assurance.
- D . Professional development.
In an assurance engagement focused on the adequacy of organization wide risk management practices, which of the following best describes a primary area of interest for the engagement?
- A . The effectiveness of process-level and transaction-level controls.
- B . Conflicts of interest within the organizational structure of the senior management.
- C . The alignment of management decisions with the level of risk the organization is willing to accept.
- D . The actions of upper management in response to the internal audit activity’s reporting
Which of the following documents would promote objectivity within an organization’s internal audit activity?
- A . Internal audit charter.
- B . Internal audit manual.
- C . Audit committee charter
- D . Human resources employee handbook.
According to NA guidance, which of the following provides the best evidence of conformance with the Standards with respect to the proficiency required of the internal audit activity?
- A . Discussions with the chief audit executive.
- B . A listing of employee profiles and certifications.
- C . Inquiry of external auditors.
- D . Validation by human resources.
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