IIA Essentials of Internal Auditing - IIA-CIA-Part1 Free Exam Questions

A. Obtaining subscriptions to professional journals in their area of interest.

B. Deploying self-assessments against a competency benchmark.

C. Developing professional succession plans.

D. Acquiring memberships in professional organizations.

A. Interviewing

B. Mapping,

C. Testing,

D. Benchmarking best practices

A. Assessing the adequacy of the IT system's business process design

B. Examining the internal control effectiveness of the marketing department

C. Facilitating a self assessment of the organizations business risk and control identification

D. Reviewing the application controls in the human resources system

A. The ability to inspire trust

B. The ability to communicate effectively

C. The ability to display courage

D. The ability to understand the needs of stakeholders

A. 1 and 2 only.

B. 3 and 4 only.

C. 1.2, and 3 only.

D. 1.3. and 4 only.

A. The charter typically defines the internal audit activity's position within the organization.

B. The chief audit executive must formally review the charter at least once a year

C. The nature of assurances provided to parties outside of the organization typically is not included in the charter.

D. The nature of consulting services typically is not included in the charter.

A. Initiate changes to the internal audit charter to report to senior management for the time being,

B. Ensure all subsequent audit reports include a disclaimer as to the lack of access to the board,

C. Focus on operational audit work and disregard lack of direct access to the members of the board.

D. Engage in written communications with the board and present relevant issues in writing

A. Accepting the assignment creates the appearance of an impairment to her professional judgment and detectivity

B. Accepting the assignment will improve competencies and develop relationships that will be needed in her next assignment

C. Accepting the assignment on the assurance engagement would be a breach of due professional care

D. Accepting the assignment is a violation of internal audit independence

A. Developing general constricting controls rather than detailed ones

B. Implementing controls without lengthy explanations of their purpose

C. Not using controls to achieve goals

D. Making sure employees are exempt from participating in control creation

A. The auditor breached the conflict of interest standard by accepting payment for travel costs

B. The auditor violated the principle of confidentiality by disclosing information about the organization without approval.

C. The auditor should have obtained permission before using the material, but did not violate the IIA Code of Ethics or Standards,

D. The auditor did not violate the standard of objectivity because the presentation had no impact on the organization.

A. Absorbing the cost of losses.

B. Outsourcing the payroll function.

C. Insuring fixed assets.

D. Installing cameras around the plant

A. Performing an assurance engagement related to the cash receipts process three years after transferring to the internal audit activity from accounts receivable.

B. Providing fraud awareness training and disseminating information regarding the organization's fraud hotline.

C. Performing consulting services after disclosing that the auditor had previous responsibilities in the area under review.

D. Performing a compliance audit on a vendor prior to disclosing that the vendor's office manager is the auditor's brother.