IIA-CIA-PART1 Exam Questions

Which of the following is an indicator that the organization s risk management process is effective?

Which of the following specifications in an internal audit charter is the most important factor in the internal audit activity's independence?

Which of the following situations undermines the independence of the internal audit activity?

When the chief audit executive Is responsible for risk management in an organization, which of the following parties is responsible for overseeing the internal audit activity's ass...

program requires ongoing monitoring to evaluate internal audit activity's efficiency and effectiveness?

Which of the following best describes a proactive role for the internal audit activity with regard to the organization's ethics program?

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

A chief audit executive (CAE) identifies that the internal audit activity lacks a necessary skill to perform a management request for a consulting engagement. According to IIA guid...

An internal auditor discovered that a former colleague from the internal audit activity now works in a junior position in a department scheduled for an upcoming audit. How can the...

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

IT management requires all employees in the IT department to attend annual training on the department's mission values and key performance measures This activity is designed to pre...

If the skills and competencies are not present within the internal audit activity to complete an ad-hoc assurance engagement, which of the following is an acceptable resolution?

An internal auditor notes that inventory counts are conducted on Mondays only and that all documentation is on paper as there are no computers in the underground warehouses. Also s...

Due to unfavorable economic conditions management decided to postpone new investments for the next year. Which of the following best describes the risk management strategy used to...

Which of the following would be a preventive control for helping to manage fraud in an organization?

Senior management and the board have expressed concerns about the length of engagements and whether their outcome aligns with the organization's strategies and objectives. Which of...

Who has the ultimate responsibility of implementing the organization's governance system?

Which of the following is an example of an application control?

An internal auditor is trying to evaluate what could go wrong after determining that a risk management technique is operating effectively. What type of risk is the auditor assessin...

Which of the following best illustrates the principle of due professional care?

Which of the following is ultimately responsible for the continuing professional development of internal audit activity staff?

What is the primary reason a chief audit executive should dedicate time and resources to support continuing professional development of internal audit staff?

Regarding Ihe chief audit executive (CAE). which ot the following is considered an impairment to the independence of the internal audit activity?

Which of the following statements is true regarding the role of the internal audit activity in the organization's risk management process?

While preparing the audit plan for an automobile manufacturing company, the chief audit executive (CAE) noted that the company's engineering department received a high risk ranking...

What is the main difference between a consulting engagement versus an assurance engagement?

The chief audit executive (CAE) annually develops a budget and resource plan and submits it to the board for approval. This action best fulfills which of the following responsibili...

A financial services organization's board is assessing increased regulations and its effect on current industry lending practices. Which of the following committees would help the...

Which of the following describes the primary objective when implementing a risk management framework?

With regard to the internal audit activity's quality assurance and improvement program, which of the following topics would the chief audit executive include on the quarterly board...

Which of the following actions would be most effective to help an internal auditor determine how successful the organization has been in communicating the existence of its ethics h...

In a retail organization, sales teams compete with each other to achieve and exceed sales targets. Each quarter, the members of the top sales team receive a bonus. In this environm...

The internal audit activity conducted an organization wide risk assessment. One of the most significant risks identified is associated with the oil price market. The chief audit ex...

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

Which of the following is an indicator of ineffective third-party risk management?

Senior management is eager to assess the organization's risks with regard to electricity sales processes, but the senior management team does not know where to start. Mow can the i...

The results of an assessment of the adequacy of controls would be considered incomplete or misleading unless the internal auditor considers which of the following?

When an organization purchases a derivative contract in the stock market to limit the potential loss in the value of a security, the organization is applying which of the following...

There is a growing perception that employees generally evade their responsibilities. What impact will an internal auditor most likely see during an engagement?

Which of the following should be considered in developing a risk and control model for use in an engagement?

Which of the following is a detective control?

Senior management asks the chief audit executive to review the organization's compliance with recently introduced legislation on international transfer pricing. The review requires...

With regard to the internal audit activity's quality assurance and improvement program, which of the following must be reported to the board?

Management decided to post the organization's newly established code of conduct on its website. This decision is primarily intended to mitigate which of the following risks?

Which of the following is the most effective way any organization can ensure proper governance over its internal controls?

An organization is considering purchasing a new banking software system and has asked the internal audit activity to evaluate the system. An internal auditor assigned to perform th...

An iniernal auditor creates a professional development plan to obtain more experience in the organization's environmental, social, and corporate governance initiatives. Which of th...

With regard to governance, which of the following is a board-level responsibility rather than a management responsibility?

Which of the following is an area that an organization would most likely include as part of its corporate social responsibility reporting?

A new chief audit executive realized that the internal audit charter has not been updated in five years and only includes the Core Principles for the Professional Practice of Inter...