IIA-CIA-Part1 Exam Questions Instant Access

Question 1

In which of the following situations would the organizational independence of an internal audit activity be impaired?

AThe chief audit executive reports administratively to the CEO.

BScope limitations are imposed on internal audits.

CThe internal audit activity provides assurance services for an activity for which the engagement supervisor had responsibility within the previous year.

DThe compensation committee of the board approves the remuneration of the chief audit executive.

Answer : B

Question 2

Which of the following would be most helpful to measure whether an internal audit activity successfully provides risk-based assurance?

APercentage of highly significant risks covered by internal audit plan.

BPercentage of previously unknown risks identified per engagement.

CPercentage of internal audit staff skilled in alignment with the organization's structure and key risks.

DPercentage of observations made in assurance engagements compared to advisory engagements.

Answer : A

Question 3

An organization's operations management is aware of existing internal control deficiencies but they lack the competency to execute internal control measures. Which of the following actions if taken by the internal audit activity is appropriate to assist operating management in achieving continuous improvement on internal controls?

AFoster the importance of the control environment

BProvide training on controls and on self-monitoring processes

CRecommend installing an enterprisewide risk management system.

DConduct more assurance assignments on high risk areas

Answer : B

Question 4

An organization employs ongoing monitoring and is considering implementing periodic evaluations to assess the continuing effectiveness of its risk management process. Which of the following statements Is true with regard to such periodic evaluations?

APeriodic evaluations are considered to be less objective than ongoing monitoring.

BPeriodic evaluations can be more effective than ongoing monitoring.

CPeriodic evaluation frequency may depend on the results of ongoing monitoring.

DPeriodic evaluations frequently identify problems more quickly than ongoing monitoring.

Answer : C

Question 5

A technology company recently hired an entry-level internal auditor. To achieve conformance with the Standards, which of the following must the newly hired internal auditor possess?

AAn understanding of fraud and fraud risk.

BIT audit expertise.

CIndustry-specific knowledge

DAt least one audit-related certification

Answer : A

Question 6

What is the best course of action when the internal audit activity does not have the knowledge necessary to perform a planned audit of the organization's new IT data backup process?

APostpone the audit engagement to a later date.

BRecruit and hire a full-time staff auditor who is proficient in data backup processes.

CChange the plan from an assurance engagement to a consulting engagement.

DProvide data backup training to the engagement supervisor.

Answer : D

Question 7

Which of the following most accurately describes the role of the board when it comes to organizational governance?

AResponsibility for outcome of the process.

BResponsibility to be involved in management of the organization.

CResponsibility to determine who is accountable for outcomes.

DResponsibility to identify risks in the organization's business environment

Answer : A

IIA Certified Internal Auditor IIA-CIA-Part1 Exam Questions