IIA-CIA-Part1 Practice Questions

A.  

Ask internal auditors to gather all relevant information and evidence.

B.  

Identify and interview witnesses first and potential suspects later.

C.  

Conduct a fraud risk assessment to identify the most vulnerable areas.

D.  

Determine the competencies needed and assess whether team members have a conflict of Interest.

A.  

Requesting to be part of all engagements on the annual audit plan.

B.  

Attending a series of locally offered training courses.

C.  

Completing a skills assessment and development plan for targeted training needs,

D.  

Attending a webinar on how to use data analytics

A.  

Due professional care

B.  

Professionalism

C.  

Proficiency

D.  

Competency

A.  

Delegate final approval of the risk-based internal audit plan to the chief audit executive (CAE).

B.  

Approve the annual budget and resource plan for the internal audit activity.

C.  

Assist the CAE with hiring objective and competent internal audit staff.

D.  

Encourage the CAE to communicate and coordinate with the external auditor.

A.  

Groupthink.

B.  

Collaboration skills.

C.  

Process analysis skills.

D.  

Project management skills.

A.  

Ask internal auditors to gather all relevant information evidence

B.  

Identify and interview witnesses first potential suspects later.

C.  

Conduct a fraud risk assessment to the most vulnerable areas.

D.  

Determine me competencies needed and assess whatever team members have a conflict of interest.

A.  

The auditor testifies in front of a jury about an organization ' s fraudulent financial practices after receiving a subpoena

B.  

Management has agreed to remedy a significant control deficiency, so the auditor excludes the deficiency from the engagement report

C.  

The chief audit executive declines an assurance engagement in IT because the internal audit activity is not proficient in IT

D.  

The auditor communicates an audit opinion on fraud risk during an audit engagement’s preliminary fraud risk assessment

A.  

Payroll fraud

B.  

Disbursement fraud

C.  

Corruption

D.  

Information misrepresentation

A.  

The auditor should make a note of the issue for follow-up when employee travel expenses are audited.

B.  

The auditor should analyze trends and changes among the organization’s suppliers over the past few years.

C.  

The auditor should investigate whether there are any special arrangements regarding senior management travel.

D.  

The auditor should analyze the list of destinations the department head visited to estimate typical costs.

A.  

The quality assurance and improvement program identified several opportunities for the internal audit activity to make improvements.

B.  

In lieu of an external assessment, the internal audit activity performed a self-assessment with independent external validation.

C.  

During an internal quality assessment, it was identified that rotational auditors often perform consulting engagements for areas of the organization where they had previous responsibilities.

D.  

External assessments are performed every five years by a competent internal audit team from the organization ' s parent company.

A.  

Individual internal auditors.

B.  

Chief audit executive.

C.  

The board.

D.  

Engagement supervisors.

A.  

Ensuring the organization ' s key risks are managed through appropriate controls.

B.  

Assisting the organization in maintaining effective controls.

C.  

Implementing new controls to promote continuous improvement.

D.  

Validating control assessments performed by the external auditor.

A.  

Encourage the auditor to continue this practice, as it demonstrates objectivity.

B.  

Encourage the auditor to improve communication skills.

C.  

Encourage the auditor to conduct post-engagement surveys to obtain the audit client ' s position on the issues raised.

D.  

Encourage the auditor to sign the draft reports before submitting them.

A.  

Assessing management ' s acceptance of risk.

B.  

Reviewing a cybersecurity risk report issued by management.

C.  

Developing a list of emerging risks for management.

D.  

Prioritizing risks for management.

A.  

Verifying whether claims have been properly authorized for payment.

B.  

Verifying whether claims are properly supported by invoices or other documents.

C.  

Confirming that all claims are within the limits of the organization ' s travel policy.

D.  

Reconciling claims against business trip requests that were approved by supervisors.