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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 291:

  Which of the following survey questions would be most effective to identify ethics violations within the organization?

  A. Are the performance targets in your department realistic and attainable?
  B. Do your coworkers have the knowledge, skills, and training needed to perform their job duties?
  C. Does your supervisor comply with laws and regulations affecting the organization?
  D. Do you have suficient resources, tools, and time to accomplish your work objectives?
  C. Does your supervisor comply with laws and regulations affecting the organization?

• Question 292:

  Which of the following is the most appropriate way to ensure that a newly formed internal audit activity remains free from undue influence by management?

  A. Appoint the chief audit executive as a member of the board.
  B. Adopt written policies and procedures for the internal audit activity, approved by the board.
  C. Ensure the chief audit executive reports administratively to the audit committee.
  D. Establish the internal audit activity's position within the organization in an audit charter.
  D. Establish the internal audit activity's position within the organization in an audit charter.

• Question 293:

  An internal auditor is researching the laws and regulations related to a city's grant program. Which of the following procedures is least relevant to this task?

  A. Making inquiries of the audit committee about the nature of the grants.
  B. Reviewing prior-year workpapers and asking officials if there have been any changes.
  C. Reviewing applicable grant agreements.
  D. Discussing the matter with the city's chief financial officer, legal counsel, or grant administrators.
  A. Making inquiries of the audit committee about the nature of the grants.

• Question 294:

  Which of the following scenarios best illustrates the Fraud Triangle component known as "perceived opportunity"?

  A. Substantial bonuses are awarded if financial targets are met.
  B. Duties are not properly segregated.
  C. Employees may perceive favoritism and feel overlooked and resentful.
  D. Bonuses may not be paid this year.
  B. Duties are not properly segregated.

• Question 295:

  Which of the following activities would be most likely to impair the objectivity of an internal auditor?

  A. Performing reviews of procedures for a new information systems application before it is installed.
  B. Benchmarking controls during the development of a new information systems application.
  C. Assisting with the development and installation of a new information systems application.
  D. Developing recommended controls for the use of a new information systems application.
  C. Assisting with the development and installation of a new information systems application.

• Question 296:

  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?

  A. Accountability risk.
  B. Communication risk.
  C. Knowledge risk.
  D. Cultural risk.
  B. Communication risk.

• Question 297:

  Which of the following is not an appropriate control related to sales in a manufacturing company?

  A. Customers' orders are recorded promptly.
  B. Goods shipped are matched with valid customer orders.
  C. Goods returned are inspected for damage by the sales department and then entered into inventory.
  D. Credit department approval is required for credit sales transactions.
  C. Goods returned are inspected for damage by the sales department and then entered into inventory.

• Question 298:

  Which of the following actions is management likely to take to fulfill its corporate social responsibility objectives?

  A. Respect the rights of individuals and treat everyone the same unless it's relevant to the company's goals and tasks.
  B. Accept the opportunity to commit acts that may be illegal while ensuring that economic requirements of society are achieved.
  C. Minimize profits to its owners and shareholders in an effort to ensure that goods and services required by society are produced.
  D. Make generous contributions to society when requested in exchange for an increased market share of the company's product.
  C. Minimize profits to its owners and shareholders in an effort to ensure that goods and services required by society are produced.

• Question 299:

  Which of the following actions would be a violation of the IIA Code of Ethics?

  A. Excluding an issue in the final audit report after management has resolved the issue.
  B. Reporting information that could be damaging to the organization, at the request of a court of law.
  C. Failing to return a free promotional pen to a vendor related to the audit activity.
  D. Declining an audit engagement for which the auditor does not have the necessary experience or training.
  A. Excluding an issue in the final audit report after management has resolved the issue.

• Question 300:

  According to IIA guidance, which of the following statements is true regarding an effective governance process?

  A. It stipulates that risk needs to be considered when making strategic decisions.
  B. It encourages strict segregation of the risk management and internal control processes.
  C. It relies on effective risk management when establishing the organization's risk appetite.
  D. It relies on the board to devise ways to communicate the effectiveness of internal controls.
  C. It relies on effective risk management when establishing the organization's risk appetite.