IIA-CIA-Part1 Exam Questions Instant Access

Question 1

Which of the following written documents typically offers the best evidence that internal auditors exercise due professional care in conformance with the Standards?

AInternal audit charter.

BWorkpaper.

CAudit report.

DCode of ethics.

Answer : B

Question 2

Which of the following would be included in quality assurance and improvement program (QAIP) reporting?

ADescriptions of standardized work practices.

BOutcomes of internal audit key performance indicators.

CConformance of individual engagements with the Standards,

DAnnual summaries of consulting and audit engagements.

Answer : C

Question 3

According to MA guidance, which of the following is an appropriate role for the internal audit activity?

ACoaching management in responding to risks.

BImplementing risk responses on management's behalf.

CImposing risk management processes.

DSetting the risk appetite.

Answer : A

Question 4

A telecommunications organization is planning to cease operations in one or the markets in which it operates due to increasing volatility and uncertainties. Which of the following risk management techniques is the organization selecting?

ARisk acceptance.

BRisk avoidance.

CRisk sharing.

DRisk reduction.

Answer : B

Question 5

Which of the following best demonstrates organizational independence of the internal audit activity?

AThe chief audit executive reports directly to the board

BInternal auditors may not disclose personal data of the audit client

CInternal auditors may not accept gifts from management of the area under review

DInternal auditors must observe the law and make required disclosures

Answer : A

Question 6

Which of the following would best describe a control implemented to detect cash register disbursement fraud in a large retail store?

ASeparate the duties of processing and authorizing refunds on merchandise

BPost signs in the register area prompting customers to ask for and examine their sales receipts

CPeriodically count the cash in the register and compare it to the expected amount

DUse cash registers with internal tapes that are tamper proof and that require a manager to process voids or refunds

Answer : D

Question 7

Which of the following must be in existence as a precondition to developing an effective system of internal controls?

AA monitoring process,

BA risk assessment process.

CA strategic objective-setting process.

DAn information and communication process.
Topic 2, Exam Pool B

Answer : B

IIA Certified Internal Auditor IIA-CIA-Part1 Exam Questions