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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 661:

  An internal auditor believes that a weakness exists in the control environment relating to the delegation of authority and responsibility within the management structure. Which of the following actions should the internal auditor first consider in this matter?

  A. Recommend a control change and obtain management support.
  B. Evaluate the potential impact on related controls.
  C. Address the risk with senior management and the board.
  D. Develop and communicate the scope and evaluation criteria to be used by management.
  C. Address the risk with senior management and the board.

• Question 662:

  During the planning phase of an audit of suspected overbilling on contracts for security services, an auditor should perform all of the following except:

  A. Interviewing an official of the security services company to determine the cause of recent increases in billings for services.
  B. Interviewing the manager who requested the audit engagement.
  C. Obtaining a copy of the contract between the two organizations.
  D. Preparing an engagement program.
  A. Interviewing an official of the security services company to determine the cause of recent increases in billings for services.

• Question 663:

  Which of the following is the most significant disadvantage of using checklists to evaluate internal controls?

  A. They serve as a reminder of what controls should exist in a process.
  B. They require yes/no responses to specific questions, not open-ended responses.
  C. They do not capture all controls that may exist.
  D. They are useful in assessing risk.
  C. They do not capture all controls that may exist.

• Question 664:

  The results of an assessment of the adequacy of controls would be considered incomplete or misleading unless the internal auditor considers which of the following?

  A. Number of mitigating controls.
  B. Effectiveness of the control environment.
  C. Use of computer-assisted auditing techniques.
  D. IT security controls.
  B. Effectiveness of the control environment.

• Question 665:

  Which of the following is a benefit of using a portfolio view of risks?

  A. It can show risks that are severe at the organization level
  B. It can show how some risks offset other risks by acting as natural hedges at the business objective level
  C. It can show how risks fall within categories and the interdependencies among risks within categories
  D. It can show positive or negative correlations with changes occurring in the external environment B
  B. It can show how some risks offset other risks by acting as natural hedges at the business objective level

• Question 666:

  Which of the following lists these audit steps in the correct chronological order?

  I- Create the engagement work program.

  II-. Conduct the exit conference.

  III-. Perform fieldwork.

  IV-. Schedule the audit engagement.

  Issue a summary report of audit findings.

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

• Question 667:

  In selecting an instructional strategy for developing internal audit staff, a chief audit executive should first review the:

  A. Department's budget constraints.
  B. Internal auditors' personal development needs.
  C. Content of potential training courses.
  D. Organization's objectives.
  D. Organization's objectives.

• Question 668:

  Which of the following qualifies as an acceptable consulting service provided by the internal audit activity?

  A. Develop training and system rollout plans in response to the results of the change readiness assessment of a new sales distribution model.
  B. Lead a risk self-assessment session for laboratory managers to help identify inherent risks and provide recommendations on how to evaluate the risks.
  C. Audit a third-party cloud service provider to review the effectiveness of governance and management controls in providing secure services to its customers.
  D. Conduct a post-implementation assessment of the enterprise resource planning system to determine whether project objectives were met and to identify opportunities to maximize potential benefits.
  B. Lead a risk self-assessment session for laboratory managers to help identify inherent risks and provide recommendations on how to evaluate the risks.

• Question 669:

  According to IIA guidance, which of the following are macro-level audit activities performed for an assurance engagement of the purchasing department?

  1. Obtain and review all purchasing-related audit reports issued within the past year.

  2. Meet with the quality assurance group to discuss its previous reports of any purchasing-related findings.

  3. Review a memo written by the purchasing manager that outlines ongoing problems with the purchasing software.

  4. Request a copy of the report from a purchasing audit conducted last year by an external service provider.

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

• Question 670:

  According to IIA guidance, which of the following best describes acceptable methods for internal auditors to obtain qualified continuing professional education hours?

  A. Volunteering in relevant professional organizations, formal education, and online training courses.
  B. Volunteering in relevant professional organizations, formal education, and tutoring college students.
  C. Volunteering in relevant professional organizations, on-line training courses, and tutoring college students.
  D. Formal education, on-line training courses, and tutoring college students.
  A. Volunteering in relevant professional organizations, formal education, and online training courses.