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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 391:

  Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store's cash function?

  A. The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.
  B. The auditor tested samples of transactions to test the cash function's process flows.
  C. After determining that the cash function internal controls were strong, the audit report assured senior management that fraud was not present.
  D. The auditor discovered an instance of potential fraud and reported it immediately to management, but did not alert authorities outside the organization.
  C. After determining that the cash function internal controls were strong, the audit report assured senior management that fraud was not present.

• Question 392:

  A daily report which lists unsuccessful attempts to log on to a computer system is ___________.

  A. Corrective control.
  B. Preventive control.
  C. Detective control.
  D. Compensating control.
  C. Detective control.

• Question 393:

  The principle that "no action should be taken that may harm in some way the least fortunate people" is an expression of which of the following more general ethical principles?

  A. Utilitarian benefits.
  B. Personal virtues.
  C. Religious injunctions.
  D. Distributive justice.
  D. Distributive justice.

• Question 394:

  An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year. As a result, which IIA Code of Ethics principle is presumed to be impaired?

  A. Competence.
  B. Flexibility.
  C. Objectivity.
  D. Independence.
  C. Objectivity.

• Question 395:

  Which of the following would require a disclosure of nonconformance with the Standards and The IIA's Code of Ethics in the communication of an engagement's results?

  A. During an audit of the marketing department, management distributed coffee mugs to employees in the area, and the engagement supervisor accepted one as a souvenir.
  B. While conducting a compensation and benefits audit, the auditor exchanged salary data with peers in similar organizations.
  C. An inexperienced internal auditor did most of the fieldwork during a technical IT audit; however, he was closely supervised by a more experienced IT audit manager.
  D. A member of the audit team conducted fieldwork in an area of the organization for which he was previously responsible for just over a year ago.
  D. A member of the audit team conducted fieldwork in an area of the organization for which he was previously responsible for just over a year ago.

• Question 396:

  Which of the following is a limitation of using observation as a manual audit procedure?

  A. Observation provides information at a certain time and makes it difficult to draw representative conclusions.
  B. Observation is not as persuasive as inquiry due to a lack of direct evidence.
  C. Observation is performed specifically to test the validity of documented or recorded information.
  D. Observation may cause individuals to behave less critically or carefully if they are aware that other forms of manual audit procedures have already taken place.
  A. Observation provides information at a certain time and makes it difficult to draw representative conclusions.

• Question 397:

  Which of the following is a characteristic of an effective continuing professional development program?

  A. The chief audit executive is ultimately responsible for the ownership of individual internal auditors' professional development plans.
  B. All auditors undergo the same training simultaneously to improve training efficiencies and evenly spread information.
  C. A formal mentorship program is in place where the auditors' supervisor also plays the role of mentor.
  D. All individual development plans include obtaining a relevant professional certification as the department's base level of qualification.
  C. A formal mentorship program is in place where the auditors' supervisor also plays the role of mentor.

• Question 398:

  Which of the following would have the least impact (either positive or negative) on an assessment of a department's control environment?

  A. The department managed long-term investments, including investment in derivatives and other financial instruments, to maximize return.
  B. The department manager sets a tone of honesty and integrity in all business dealings and this tone is emulated by department personnel.
  C. Many department functions were duplicated or verified by other department employees as part of the department's normal procedures.
  D. Audit tests designed to verify compliance with control procedures detected a general failure to follow standard procedures for transaction authorization.
  A. The department managed long-term investments, including investment in derivatives and other financial instruments, to maximize return.

• Question 399:

  During a review of data center physical security and environmental controls, an auditor should ensure that:

  I- Visitors are accompanied by authorized personnel at all times.

  II-. Only developers and operators have access to the data center.

  III-. Fire suppression equipment is tested periodically.

  IV-. Fire and water detectors have been installed.

  A. I and III only
  B. II and IV only
  C. I, III, and IV only
  D. II, III, and IV only
  C. I, III, and IV only

• Question 400:

  Which of the following represents the most effective governance structure?

  I-Operating Executive Internal Management Management Auditing Responsibility for risk Oversight role Advisory role

  II-Oversight role Responsibility for risk Advisory role

  III-Responsibility for risk Advisory role Oversight role

  IV-Oversight role Advisory role Responsibility for risk

  A. I
  B. II
  C. III
  D. IV
  A. I