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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 671:

  According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

  A. It increases the likelihood of obtaining the audit client's agreement with the results.
  B. It ensures that an appropriate chain of evidence is maintained through the workpapers.
  C. It helps ensure that appropriate professional judgments and conclusions are made.
  D. It is required to demonstrate that effective engagement supervision has occurred.
  C. It helps ensure that appropriate professional judgments and conclusions are made.

• Question 672:

  Which of the following best describes why a chief audit executive might obtain the services of a fraud specialist to assist in a major fraud investigation?

  A. Fraud specialists are better at using computer-assisted audit techniques.
  B. Fraud specialists are better equipped to act as an expert witness in court.
  C. Fraud specialists are better able to properly apply due professional care.
  D. Fraud specialists are better at using crime scene investigation techniques.
  D. Fraud specialists are better at using crime scene investigation techniques.

• Question 673:

  Which of the following is a common type of payroll fraud?

  A. Unauthorized overtime.
  B. Fictitious employees.
  C. Unearned bonuses or commissions.
  D. Skimming.
  B. Fictitious employees.

• Question 674:

  Which of the following risk factors is most subjective?

  A. Changes in staff, systems, or the environment.
  B. Prior audit findings.
  C. Size of the unit being audited.
  D. Competency of operating management.
  D. Competency of operating management.

• Question 675:

  While conducting an IT audit engagement, an internal auditor is offered a position in the IT department. If she accepts the position, which of the following situations would cause the greatest concern regarding objectivity?

  A. If she accepts the offer after less than one year has passed since the end of the engagement.
  B. If she accepts the offer without seeking agreement from the chief audit executive.
  C. If she accepts the offer before the draft audit report is delivered to the IT department.
  D. If she accepts the offer after she receives results from the client satisfaction survey.
  A. If she accepts the offer after less than one year has passed since the end of the engagement.

• Question 676:

  Which of the following is an example of risk monitoring to ensure a system is performing as intended?

  A. Checking the progress of risk treatment plans.
  B. Considering the consequence and likelihood of risks.
  C. Documenting the risks and their areas of impact.
  D. Communicating to management about risks.
  A. Checking the progress of risk treatment plans.

• Question 677:

  According to IIA guidance, which of the following is the strongest indicator of defficiencies in the risk management process?

  A. The periodic evaluation of risk ratings is primarily dependent on subjective assessments.
  B. Separate evaluations of the risk management process were conducted, but the results were never integrated.
  C. Management's primary objective is minimizing changes to the structure and operation of the risk management process.
  D. Many aspects of the related enterprise risk management program are informal and undocumented.
  D. Many aspects of the related enterprise risk management program are informal and undocumented.

• Question 678:

  Which of the following statements is not true about red flags?

  A. It can be challenging to quantify red flags.
  B. There is a scarcity of established literature on red flags.
  C. red flags can point auditors to intentional wrongdoing, errors and omissions, inefficiency, and conflicts of interest.
  D. red flags do not necessarily mean that fraud exists.
  B. There is a scarcity of established literature on red flags.

• Question 679:

  During a monthly internal audit staff meeting, the chief audit executive (CAE) decided to reinforce the importance of internal audit staff being objective in their work. Which of the following examples would be most appropriate for the CAE to include as part of the meeting presentation?

  A. Statistical sampling techniques should always be used to pull unbiased sampling for testing.
  B. Fieldwork completed by internal auditors should be appropriately reviewed.
  C. Internal auditors should avoid using the lunch room simultaneously with audit clients.
  D. During the audit review period, there should be no nonaudit dialogues with the audit client.
  D. During the audit review period, there should be no nonaudit dialogues with the audit client.

• Question 680:

  An organization that outsources much of its internal audit work to an external service provider is planning for an external quality assessment. Which of the following options would accomplish this task and be in conformance with the Standards?

  A. Engaging an external industry associate that performed a similar review for a supplier of the organization.
  B. Selecting a team from an independent entity that previously employed the chief audit executive of the organization.
  C. Using a team under the direction of the organization's chief audit executive, and obtaining validation from a former manager of the internal audit activity.
  D. Using the same external service provider because of its competency and experience with the organization.
  A. Engaging an external industry associate that performed a similar review for a supplier of the organization.