Summer Sale Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: 65pass65

IIA-CIA-Part1 Internal Audit Fundamentals is now Stable and With Pass Result | Test Your Knowledge for Free

Exams4sure Dumps

IIA-CIA-Part1 Practice Questions

Internal Audit Fundamentals

Last Update 2 days ago
Total Questions : 735

Dive into our fully updated and stable IIA-CIA-Part1 practice test platform, featuring all the latest CIA exam questions added this week. Our preparation tool is more than just a IIA study aid; it's a strategic advantage.

Our free CIA practice questions crafted to reflect the domains and difficulty of the actual exam. The detailed rationales explain the 'why' behind each answer, reinforcing key concepts about IIA-CIA-Part1. Use this test to pinpoint which areas you need to focus your study on.

IIA-CIA-Part1 PDF

IIA-CIA-Part1 PDF (Printable)
$54.25
$154.99

IIA-CIA-Part1 Testing Engine

IIA-CIA-Part1 PDF (Printable)
$59.5
$169.99

IIA-CIA-Part1 PDF + Testing Engine

IIA-CIA-Part1 PDF (Printable)
$74.55
$212.99
Question # 181

Which of the following internal controls best mitigates the risk of corruption schemes between employees and vendors?

Options:

A.  

Establishing policies that prohibit an employee from receiving gifts from an interested party.

B.  

Having employees sign annual attestations that they adhere to the organization ' s code of ethics.

C.  

Having strong management oversight of the purchasing and accounts payable functions.

D.  

Conducting regular examinations of documentation both paper and electronic.

Discussion 0
Question # 182

An internal auditor assessed that the risk of steel theft at a plant is high. In response, the plant ' s management introduced a number of controls, including fences around the facility, a metal detector at the entrance, and monthly steel inventory counts. If the controls operate as intended, which of the following outcomes would the internal auditor hope to see?

Options:

A.  

The inherent risk will be mitigated to a level lower than the residual risk.

B.  

The inherent risk will be reduced to an acceptable level.

C.  

The residual risk will be reduced to an acceptable level.

D.  

The residual risk will be eliminated

Discussion 0
Question # 183

Which of the following would most likely be classified as a consulting engagement?

Options:

A.  

Examining the internal control effectiveness of the marketing department

B.  

Assessing the adequacy of the IT system ' s business process design

C.  

Facilitating a self assessment of the organizations business risk and control identification

D.  

Reviewing the application controls in the human resources system

Discussion 0
Question # 184

Which of the following techniques should an internal auditor use in order to conduct an effective interview?

Options:

A.  

Use technical language to establish credibility with the employee being interviewed

B.  

Avoid straightforward questions to make the person being interviewed think before answering

C.  

Prepare the next question while the interviewee is responding to demonstrate preparedness

D.  

Appear confident but not arrogant during the interview to show professionalism

Discussion 0
Question # 185

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?

Options:

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.

Discussion 0
Question # 186

An internal audit team received the following feedback from operational management via a post-engagement survey " Management agrees with all audit findings However, the audit team did not consider our input on the best way to resolve the issues”

This feedback is an indication that the internal audit activity may need to improve which of the following interpersonal skills?

Options:

A.  

Leadership

B.  

Conflict management

C.  

Communication

D.  

Influence

Discussion 0
Question # 187

A chief audit executive has reported to the board that the internal audit activity is lacking financial accounting knowledge for specific audit projects. Upon approval from the board which of the following hiring approaches is best in this situation?

Options:

A.  

An inbound rotational program

B.  

A full-time permanent recruitment

C.  

An outbound rotational program

D.  

A guest auditor program

Discussion 0
Question # 188

Under which of the following circumstances should the final audit report include a disclosure of nonconformance with the Standards?

Options:

A.  

An external quality assessment of the internal audit activity is performed only once every five years.

B.  

The internal auditor provided negative assurance, because he found no evidence of misconduct.

C.  

The annual internal audit plan includes some consulting engagements that are based on opportunities rather than risks to the organization.

D.  

A new internal auditor moved into the internal audit activity from the payroll department and was immediately assigned to the payroll audit.

Discussion 0
Question # 189

Which of the following is most likely to result in the impairment of independence for the internal audit activity?

Options:

A.  

The chief audit executive (CAE) has a dual reporting relationship within the organization.

B.  

The CAE performs an audit of a functional area that is also under the CAE ' s oversight.

C.  

The CAE has unrestricted access to information throughout the organization and to the board.

D.  

The board is involved in decisions to hire or remove the CAE and in drafting and approving an internal audit charter.

Discussion 0
Question # 190

What is the main difference between a consulting engagement versus an assurance engagement?

Options:

A.  

The nature of services provided are defined in the internal audit charter.

B.  

Internal auditors must maintain objectivity while performing their work.

C.  

The objectives and scope of the engagement typically are directed by management.

D.  

Internal auditors may assume management responsibilities.

Discussion 0
Question # 191

Which of the following statements best demonstrates application of due professional care during an assurance engagement?

Options:

A.  

The engagement detected irregularities and noncompliance instances.

B.  

The engagement supervisor had no significant comments in the supervisory review.

C.  

The audit procedures were systematically planned, executed, and documented.

D.  

The engagement objectives were designed to assist the engagement client.

Discussion 0
Question # 192

According to IIA guidance, which of the following best describes expense reimbursement fraud?

Options:

A.  

Theft of cash after it is recorded in the books

B.  

Theft of cash before it is recorded in the books

C.  

Theft of assets through fictitious or inflated invoices

D.  

Theft of assets through false mileage travel logs and meal charges

Discussion 0
Question # 193

A third-party provider ' s questionable labor practices have exposed the organization to reputational risks and regulatory risks. Which of the organization ' s risk management practices was most likely ineffective?

Options:

A.  

The organization ensured that the third-party vendor provided the best pricing for the requested services.

B.  

The organization conducted quality control reviews of provided services to ensure industry standards were met.

C.  

The organization performed a due diligence review of all vendors during the bid review process.

D.  

The organization planned to issue a resolution concerning the third-party provider ' s labor practices.

Discussion 0
Question # 194

An engagement supervisor noticed that a newly hired internal auditor struggles with large data samples because he appears reluctant to apply available spreadsheet statistical functions and tends to perform testing of transactions manually In which of the following areas does the internal auditor most likely need training?

Options:

A.  

Critical thinking.

B.  

International Professional Practices Framework

C.  

Professional ethics

D.  

Business acumen

Discussion 0
Question # 195

Which of the following is true with regard to an organization ' s risk management practices?

Options:

A.  

Risks represent a single point estimate

B.  

Each organization faces the same types of risk.

C.  

Risks may relate to failing to achieve positive outcomes.

D.  

Mitigated risks are no longer considered to be inherent.

Discussion 0
Get IIA-CIA-Part1 dumps and pass your exam in 24 hours!

Free Exams Sample Questions