IIA-CIA-Part1 Exam Questions Instant Access

Question 1

Which of the following is the best way for internal auditors to demonstrate their proficiency to effectively carry out their professional responsibilities?

AVolunteer for audit engagements in areas or industries in which the auditor is unfamiliar

BSign an annual attestation indicating that the auditor has all required competencies to perform her job effectively.

CObtain appropriate professional certifications or other designations.

DDisclose potential impairments to independence or objectivity prior to performing an audit engagement.

Answer : C

Question 2

According to IIA guidance, which of the following activities would typically be examined when using the maturity model approach for assessing an organization's risk management program?

AMonitor and review

BPerformance measurement.

CSetting the context.

DCommunication.

Answer : A

Question 3

An engagement supervisor notes that an internal auditor usually documents and submits draft audit reports for review without giving the process owners the opportunity to state their position on the issues raised. How should the engagement supervisor respond?

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

BEncourage the auditor to improve communication skills.

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

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

Answer : B

Question 4

The internal audit activity is asked to review the effectiveness of controls around the disposal of chemical waste. However, the internal auditors on staff lack the necessary skills to conduct this review. Which of the following would be the most appropriate approach?

AAn internal auditor who recently attended a three-day workshop on chemical waste disposal, and therefore has the most knowledge on the topic, should lead the engagement.

BA team of available internal auditors should be assembled and should consult with an external nonaudit expert on chemical waste disposal to plan and conduct the engagement.

CA team of the most knowledgeable auditors could be assembled and use the engagement work program from the previous year to gather additional insight regarding recommended audit procedures.

DA nonaudit employee from the chemical disposal area may share his expertise with the audit team, provided the internal audit manager conducts a detailed review of all engagement work performed.

Answer : B

Question 5

Which of the following statements best describes a functional difference between external auditors and internal auditors?

AInternal auditors evaluate past achievements to understand whether controls are operating effectively, and external auditors focus on the accuracy of financial reporting.

BInternal auditors provide assurance about the sufficiency of controls to manage risks. Including risks of failure to achieve future goals, and external auditors evaluate the accuracy and understandability of financial reporting.

Cinternal auditors are always employed by the organization, rather than outsourced, and external auditors are never employed by the organization but contracted independently.

DInternal auditors are most directly concerned with the detection of fraud, while external auditors are most directly concerned with the prevention of fraud.

Answer : B

Question 6

Which of the following should a general internal auditor be able to characterize as an IT-related risk?

AComputer servers are in a room that is accessible to all employees,

BAn IT architect avoids taking vacations and sharing his workload with coworkers,

CHours billed by IT developers exceed 24 hours daily.

DAudit logs are lacking in a system that processes personal data.

Answer : D

Question 7

Wi ch of the following circumstances would most likely be considered a potential red flag for fraud by the internal audit activity?

AThe monthly payroll reports are not vetted to ensure terminated employees have been removed from the payroll system

BThe volume of nonroutine journal entries has steadily increased over time.

CThe database of approved suppliers has not been reviewed the last year

DThe recent employee survey indicates that some employees remain unaware of the organization's whistieblower hotline.

Answer : A

IIA Certified Internal Auditor IIA-CIA-Part1 Exam Questions