IIA-CIA-Part1 Exam Practice Test Instant Access

Question 1

Which of the following best describes organizational governance processes?

AProcesses employed by internal and external assurance providers to authorize, direct, and provide oversight to management to better enable the meeting of organizational objectives

BProcesses employed by the board of directors to authorize and provide guidance and oversight to management to promote the achievement of organizational objectives.

CProcesses employed by the board of directors and senior management to mitigate risks to acceptable levels.

DProcesses employed by risk owners to mitigate risks to acceptable levels within the organization's risk appetite

Answer : B

Question 2

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?

AThe internal assessment results should be discussed once every five years,

BThe rating conclusions and the impact from results of the external assessment should be explained,

CThe results of the external assessment should be discussed every seven years,

DThe qualifications and independence of the internal assessment team should be discussed

Answer : B

Question 3

Following a quality assurance review of a small internal audit activity, the external reviewer and the chief audit executive (CAE) cannot agree on the importance of several deficiencies noted during the review. Which of the following would be the most appropriate next step for the reviewer to take?

ARemove the areas of disagreement from the scope of the engagement and seek informal compromises with the CAE.

BIssue the report to senior management, noting the deficiencies for immediate resolution.

CIssue the report, noting the deficiencies with comments that address the areas of disagreement.

DRequest arbitration from the audit committee to resolve discrepancies prior to issuing the final report

Answer : C

Question 4

Which of the following would be the best choice for a continuing professional development requirement for a newly created internal audit activity?

ARequire all internal auditors to create a training plan based on a competency self-assessment.

BRequire internal auditors to complete all of their training through webinars, to increase efficiency and avoid traveling

CRequire all internal auditors to become a member of The Institute of Internal Auditors.

DRequire internal auditors to create a training plan based on their areas of interest

Answer : A

Question 5

According to IIA guidance, which of the following statements is true regarding ISO 31000?

AThe key principles approach checks whether each element of the risk management process is in place.

BThe framework is effective in addressing the organization's structure, size, and risk profile but not its culture objectives.

CThe end point for improving an organization s approach to risk management should be a gap analysis that evaluates any changes.

DA combination of the three primary approaches to the framework generally yields the most information despite the complexity

Answer : D

Question 6

Which of the following documents would promote objectivity within an organization's internal audit activity?

AInternal audit charter.

BInternal audit manual.

CAudit committee charter

DHuman resources employee handbook.

Answer : A

Question 7

Which of the following is a detective control?

AAn organization requires certain employees who occupy sensitive positions to sign attestation to the code of conduct on an annual basis.

BA compliance specialist carries out quarterly reviews of an organization's compliance with regulatory requirements.

CA front desk officer in an organization requires that visitors are identified by the host before access is granted.

DAn internal audit activity deploys audit management policies and procedures for team members.

Answer : B

IIA Certified Internal Auditor IIA-CIA-Part1 Exam Practice Test