IIA IIA-CIA-PART1 Online Practice Questions and Exam Preparation

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 101:

  Which of the following actions by an internal auditor would be the most relevant to determine the effectiveness of controls?

  A. Participate in a fraud risk-assessment session as an in-house facilitator.
  B. Send regular written updates to senior management on new control-related regulations.
  C. Lead a seminar on internal controls and provide numerous examples to the audience.
  D. Conduct a surprise inventory count at the raw materials warehouse.
  D. Conduct a surprise inventory count at the raw materials warehouse.

• Question 102:

  During an audit engagement, a junior staff internal auditor begins to suspect a fraud may have occurred involving a friend of the engagement supervisor. He reports his concerns to the engagement supervisor, who disagrees with his suspicions and directs him to continue with the engagement as planned. Given the circumstance, what is the most appropriate action for the junior auditor to take?

  A. Document in the workpapers and expand testing.
  B. Continue with the engagement as planned, per the more senior auditor.
  C. Report the suspected fraud to law enforcement officials and seek financial restitution.
  D. Escalate the concern to the chief audit executive.
  D. Escalate the concern to the chief audit executive.

• Question 103:

  Which of the following is true regarding risk analysis?

  A. Impact and likelihood should be assessed together.
  B. Impact and likelihood should be given equal consideration by the internal auditor.
  C. Impact and likelihood should be measured using quantitative methods.
  D. Impact and likelihood should be used to determine risk response.
  A. Impact and likelihood should be assessed together.

• Question 104:

  Which of the following is a common error made in designing multiple-choice questions in a survey questionnaire?

  A. Unipolar rather than bipolar labels are used for the response categories.
  B. The alternative response categories for the questions are not mutually exclusive.
  C. Likert scaling is used instead of semantic differential scaling.
  D. The question itself uses terms that are very familiar to the respondent.
  B. The alternative response categories for the questions are not mutually exclusive.

• Question 105:

  Of all the common characteristics of frauds, which of the following can the organization influence the most?

  A. Pressure or incentive.
  B. Rationalization.
  C. Opportunity.
  D. Commitment.
  C. Opportunity.

• Question 106:

  Which of the following would most likely be classified as a consulting engagement?

  A. Examining the internal control effectiveness of the marketing department.
  B. Assessing the adequacy of the IT system's business process design.
  C. Facilitating a self-assessment of the organization's business risk and control identification.
  D. Reviewing the application controls in the human resources system.
  C. Facilitating a self-assessment of the organization's business risk and control identification.

• Question 107:

  In addition to her internal audit activity responsibilities, the chief audit executive has been asked to oversee the organization's insurance function. Which of the following responses is most appropriate?

  A. Welcome the additional responsibility, as it represents an opportunity to gain more information for future audits.
  B. Revise the internal audit charter to include oversight of the insurance function, ensuring that all of her responsibilities are properly documented.
  C. Report the request to the board and recommend alternate processes to obtain assurance related to insurance activities.
  D. Promptly remove the organization's insurance function from the audit universe.
  B. Revise the internal audit charter to include oversight of the insurance function, ensuring that all of her responsibilities are properly documented.

• Question 108:

  Which of the following scenarios best represents a violation of the IIA Code of Ethics?

  A. A chief audit executive is practicing without the certified Internal Auditor designation.
  B. An internal auditor declines a board request to lead a fraud investigation.
  C. An internal auditor accepts an engagement to audit an IT process she designed several years ago.
  D. A practicing certified Internal Auditor has not pursued any additional education, training, or professional development opportunities since he achieved certification three years ago.
  C. An internal auditor accepts an engagement to audit an IT process she designed several years ago.

• Question 109:

  How should management obtain assurance that employees are complying with the organization's security policy?

  A. Regularly conduct independent reviews of employees' security practices.
  B. Routinely survey staff so that information related to security practices can be submitted anonymously.
  C. Rely on exception reports to identify errors.
  D. Enforce a policy that requires all employees to sign a statement that they will adhere to the organization's security policies.
  A. Regularly conduct independent reviews of employees' security practices.

• Question 110:

  A fast-food company is developing a computer simu-lation involving arrival time at a drive-through restaurant. The distribution for arrival times is:

  Time Single-Digit Random Between Arrivals Probability Number Assigned

  2 minutes

  0.1 3 minutes

  0.2 1, 2 4 minutes

  0.3 3, 4, 5 5 minutes

  0.4 6, 7, 8, 9

  Six random numbers are selected to represent the arrival of six cars: 1, 6, 9, 0, 5, 6. What is the mean time between arrivals in this run of the simu-lation model?

  A. 2 minutes.
  B. 3 minutes.
  C. 4 minutes.
  D. 5 minutes.
  C. 4 minutes.