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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 511:

  Which of the following describes a responsibility of operating management in an organization's corporate social responsibility (CSR) efforts?

  A. Responsible for implementing CSR principles and overseeing of CSR performance.
  B. Responsible for performing periodic internal self-veri cations of reported CSR results.
  C. Responsible for performing analysis and comparison of CSR reports and performance.
  D. Responsible for ongoing CSR reporting and accomplishing of performance targets.
  A. Responsible for implementing CSR principles and overseeing of CSR performance.

• Question 512:

  Which of the following must be included in an internal audit charter?

  A. Reference to the length of tenure of the chief audit executive.
  B. Reference to the quality assurance and improvement program.
  C. Reference to the size of the internal audit activity.
  D. Reference to the minimum number of training hours for each auditor.
  B. Reference to the quality assurance and improvement program.

• Question 513:

  When performing an engagement, an internal auditor must consider which of the following to achieve due professional care?

  A. The time constraints of management.
  B. The cost of the audit relative to its potential benefits.
  C. The personal relationship between the auditor and the auditee.
  D. The total number of prior audit recommendations implemented.
  B. The cost of the audit relative to its potential benefits.

• Question 514:

  Which of the following is not a benefit of using information technology in solving audit problems?

  A. It helps reduce audit risk.
  B. It improves the timeliness of the audit engagement.
  C. It increases audit opportunities.
  D. It improves the auditor's judgment.
  D. It improves the auditor's judgment.

• Question 515:

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

  A. The profitability impact of its products in developing markets.
  B. The amount of political donations to local government races.
  C. The number of complaints related to traffic from its new factory.
  D. The compensation packages awarded to senior management.
  C. The number of complaints related to traffic from its new factory.

• Question 516:

  During an assurance engagement, an internal auditor identified that a developer of the organization's enterprise resource planning (ERP) system had intentionally modified the production code to commit a fraudulent transaction. Which control activity should be implemented to prevent such issues in the future?

  A. Segregate duties between code development and migrating changes into production.
  B. Conduct fraud training for the IT team responsible for the ERP system.
  C. Penalize the developer who committed the fraud by terminating employment.
  D. Restrict developers' access to the ERP system's test environment.
  A. Segregate duties between code development and migrating changes into production.

• Question 517:

  An assurance mapping exercise helps an organization do which of the following?

  1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.

  2. fulfill best practices in the industry.

  3. Identify and address any gaps in the risk management process.

  4. Identify fraud.

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

• Question 518:

  Which of the following internal control components has COSO identified as the most important?

  A. Information and communication.
  B. Risk assessment.
  C. Control activities.
  D. Control environment.
  D. Control environment.

• Question 519:

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

  A. Reporting information that could be damaging to the organization, at the request of a court of law.
  B. Including an issue in the final audit report after management has resolved the issue.
  C. Participating in an audit engagement for which the auditor does not have the necessary experience or training.
  D. Accepting a gift that is a commercial advertisement available to the public.
  C. Participating in an audit engagement for which the auditor does not have the necessary experience or training.

• Question 520:

  In which of the following ways can a whistleblower hotline serve as a preventative control?

  A. Third parties who operate the hotline ensure anonymity for whistleblowers.
  B. Whistleblower tips help discover wrongdoings and violations of the code of conduct.
  C. Potential perpetrators of fraud know that their actions can be reported easily.
  D. Better investigation protocols are triggered by the whistleblower hotline.
  C. Potential perpetrators of fraud know that their actions can be reported easily.