IIA Internal Audit Fundamentals - IIA-CIA-Part1 Free Exam Questions

A. Conflict of interest

B. Loss of intellectual property

C. Physical security

D. Cost overruns

A. Determine the potential impact on the organization.

B. Expand audit testing to determine whether fraud actually occurred.

C. Interview the employees who may be implicated in the fraud.

D. Advise management regarding the event and provide recommendations.

A. Inbound rotation

B. Guest auditor

C. Outbound rotation

D. Cosourcing

A. Commitment.

B. Opportunity.

C. Rationalization.

D. Pressure or incentive.

A. Setting the risk appetite.

B. Implementing risk responses on management ' s behalf.

C. Coaching management in responding to risks.

D. Imposing risk management processes.

A. When an organization has a high level of risk maturity the internal audit activity is less likely to provide consulting services related to risk management

B. When an organization has a low level of risk maturity, the internal audit activity is less likely to provide consulting services related to risk management

C. There is typically no correlation between an organization's risk maturity and the extent to which the internal audit activity's consulting role in risk management processes

D. When an organization has a high level of risk maturity the internal audit activity is more likely to provide consulting services related to risk management

A. Ethics training programs

B. Exit interviews

C. Compensation programs

D. Disclosure of outside business activities

A. Transparency.

B. Integrity.

C. Confidentiality.

D. Objectivity.

A. The officer in charge of human resources.

B. The chief audit executive.

C. The internal auditor.

D. The CEO.

A. Due diligence of third parties is conducted only after contract signing.

B. The right-to-audit clause is limited by personal data protection regulations.

C. Sourcing of third parties does not follow public procurement law.

D. Violations of service conditions trigger either fines or termination.

A. Typically, operating management does not have a major role to play based on the public nature of reporting

B. Many of the areas explored by CSR are normally included in an audit universe or annual audit plan,

C. Despite significant corporate resources spent on CSR reporting, investors generally do not rely on CSR information.

D. Unlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary.

A. Risk assessment

B. Risk avoidance

C. Risk response

D. Risk monitoring