IIA-CIA-Part1 exam

Which of the following situations best describes an internal auditor who may have violated the IIA Code of Ethics principle of confidentiality?A . The auditor intentionally omitted from his resume that he was fired from his previous job for fraud allegations, B. The auditor decided not to notify her supervisor...

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...

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....

Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large organization?A . The internal assessment results should be discussed once every five years, B. The rating conclusions and the impact from results of the external assessment...

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...

A newly appointed chief audit executive (CAE) started analyzing the organization's policies in an attempt to customize them to address internal audit specifics. Which of the following organizationwide practices is most likely to be acceptable to the CAE?A . Internal auditors1performance evaluation is primarily based on both client satisfaction surveys...

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.View AnswerAnswer: C

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...

Which of the following is most likely to be considered a control weakness?A . Vendor invoice payment requests are accompanied by a purchase order and receiving report. B. Purchase orders are typed by the purchasing department using prenumbered forms. C. Buyers promptly update the official vendor listing as new supplier...

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...