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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 171:

  The chief audit executive (CAE) is planning to conduct an internal assessment of the internal audit activity (IAA). Part of this assessment will include benchmarking. According to IIA guidance, which of the following qualitative metrics would be appropriate for the CAE to use?

  1. Average client customer satisfaction score for a given year.

  2. Client survey comments on how to improve the IAA.

  3. Auditor interviews once an audit has been completed.

  4. Percentage of audits completed within 90 days.

  A. 1 and 2.
  B. 1 and 3.
  C. 2 and 3.
  D. 3 and 4.
  C. 2 and 3.

• Question 172:

  A new internal auditor transferred from within the organization to join the internal audit activity. More than a year after the auditor's transfer, the auditor has been assigned to audit the department from which he was transferred. The engagement supervisor is concerned that the auditor may not be objective in his work. Which of the following methods would be most effective for ensuring that the auditor maintains objectivity?

  A. Supervisory review of the test work and conclusions.
  B. Training in core principles of internal auditing.
  C. Con ict of interest disclosure.
  D. Staff rotation.
  A. Supervisory review of the test work and conclusions.

• Question 173:

  Which of the following components influences the risk consciousness of an organization's people and is the basis for all other components of enterprise risk management?

  A. Objective setting.
  B. Information and Communication.
  C. Risk Assessment.
  D. Internal Environment.
  D. Internal Environment.

• Question 174:

  An audit of the quality control department is being planned. Which of the following would least likely be used in the preparation of a preliminary survey questionnaire?

  A. An analysis of quality control documents.
  B. The permanent audit file.
  C. The prior audit report.
  D. Management's charter for the quality control department.
  A. An analysis of quality control documents.

• Question 175:

  An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and effient in completing this task?

  A. Process mapping.
  B. Interviewing.
  C. Monitoring.
  D. Distributing questionnaires.
  A. Process mapping.

• Question 176:

  When performing an audit of the risk management process an auditor makes the observations listed below. Which poses the greatest risk to the organization?

  A. The identified risks have not undergone a detailed review to ensure completeness in the past two years.
  B. The controls in place to mitigate the risks are not tested on an annual basis to confirm operating effectiveness.
  C. The process in place to identify and evaluate new risks to the organization is informal and poorly documented.
  D. The identified risks have not been ranked to establish their importance and risk management priority.
  C. The process in place to identify and evaluate new risks to the organization is informal and poorly documented.

• Question 177:

  Which of the following roles, if undertaken by an internal auditor, would have the greatest potential for conflict with the Standards regarding objectivity?

  A. IT system designer.
  B. Product development team consultant.
  C. Ethics advocate.
  D. External audit liaison.
  A. IT system designer.

• Question 178:

  A receiving department receives copies of purchase orders for use in identifying and recording inventory receipts. The purchase orders list the name of the vendor and the quantities of the materials ordered. A possible error that this system could allow is:

  A. Payment to unauthorized vendors.
  B. Payment for unauthorized purchases.
  C. Overpayment for partial deliveries.
  D. Delay in recording purchases.
  C. Overpayment for partial deliveries.

• Question 179:

  Which of the following techniques would provide the most compelling evidence that a safety hazard exists within a manufacturing facility?

  A. Observation of the facility during operations.
  B. Questioning of facility management, including the facility safety officer.
  C. Analysis of facility operating reports, focusing on instances when breakdowns occurred.
  D. Review of records involving safety violations, led by facility production employees.
  A. Observation of the facility during operations.

• Question 180:

  Which of the following actions would have the greatest impact on the effectiveness of the internal audit activity?

  A. Appropriate compliance coverage in the annual audit plan.
  B. Annual review of the audit charter by management.
  C. Appropriate definition of internal audit scope and responsibility in the charter.
  D. Assurance of internal audit objectivity and organizational independence by the board.
  D. Assurance of internal audit objectivity and organizational independence by the board.