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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 721:

  According to IIA guidance, which of the following best demonstrates that the chief audit executive is properly reporting the results of the quality assurance and improvement program to senior management and the board?

  A. Providing a written conformance statement to both senior management and the board.
  B. Giving copies of both external and internal assessments to the board.
  C. Keeping files of reports of ongoing external assessment monitoring.
  D. Retaining copies of board meeting minutes showing that discussions of assessments took place.
  D. Retaining copies of board meeting minutes showing that discussions of assessments took place.

• Question 722:

  A computer system automatically locks a user's account after three unsuccessful attempts to log on. Which type of control does this scenario represent?

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

• Question 723:

  The organization implements several controls to address the risk that employees might submit false claims for travelling expenses. The controls include requiring claims to be approved by a direct supervisor, providing clear guidance regarding which expenses can be included, automatic calculations of daily allowance, and notifying employees that the submission of false claims will be investigated.

  Which of the described controls is irrelevant to the risk?

  A. The requirement of a supervisor's approval.
  B. The availability of clear guidance.
  C. The investigations into false claims.
  D. The automatic calculations of daily allowance.
  D. The automatic calculations of daily allowance.

• Question 724:

  A chief audit executive (CAE) has been asked by the board to evaluate the effectiveness of ethical programs created by management. Which of the following would be the most appropriate action for the CAE to take?

  A. Compare the design of the organization's ethical programs with best practices.
  B. Verify that a code of conduct and related policies exist and are communicated.
  C. Use employee surveys to assess whether ethical programs are achieving desired outcomes.
  D. Compare the cost of the ethical programs with the achieved outcomes.
  A. Compare the design of the organization's ethical programs with best practices.

• Question 725:

  There is a growing perception that employees generally evade their responsibilities. What impact will an internal auditor most likely see during an engagement?

  A. Supervisors are likely to reduce their level of supervision and increase span of control.
  B. Employees are likely to be supervised closely and given little freedom.
  C. Peer employees are likely to trust one another, but distrust management.
  D. Employees are likely to join forces to accomplish their duties as teams.
  D. Employees are likely to join forces to accomplish their duties as teams.

• Question 726:

  Which of the following lists the audit activities in the order in which they would generally be completed during a preliminary survey?

  I- Write detailed audit procedures.

  II-. Identify client objectives, goals, and standards.

  III-. Identify risks and controls intended to prevent associated losses.

  IV-. Determine relevant engagement objectives.

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

• Question 727:

  Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

  A. Governance, risk, and control.
  B. Performance management.
  C. Business acumen.
  D. Internal audit delivery.
  B. Performance management.

• Question 728:

  To assure that the technical proficiency of internal auditors is appropriate for the audit engagements to be performed, a chief audit executive should:

  A. Consider the scope of work and level of responsibility when establishing criteria for education and experience in lling internal auditing positions.
  B. Ensure that each newly hired auditor is qualified in all of the disciplines needed to accomplish the department's audit mission.
  C. Oversee a training program that matches the actual training provided with the interests of individual auditors.
  D. Require all of the audit staff to pursue a minimum number of continuing professional education hours each year.
  A. Consider the scope of work and level of responsibility when establishing criteria for education and experience in lling internal auditing positions.

• Question 729:

  Which of the following activities most significantly increases the risk that a bank will make poor-quality loans to its customers?

  A. Borrowers may not sign all required mortgage loan documentation.
  B. Fees paid by the borrower at the time of the loan may not be deposited in a timely manner.
  C. The bank's loan documentation may not meet the government's disclosure requirements.
  D. Loan officers may override the lending criteria established by senior management.
  D. Loan officers may override the lending criteria established by senior management.

• Question 730:

  An internal auditor nds during an engagement that payment for the organization's general insurance policy is two months overdue. The issue is informally mentioned to the finance department which immediately submits the invoice for payment. The auditor decides to exclude this finding from the final audit report as the oversight was immediately corrected and there were no consequences because of this late payment. Which of the following rules of conduct as described in the IIA Code of Ethics, did the auditor fail to uphold?

  A. Con dentiality.
  B. Objectivity.
  C. Integrity.
  D. Competency.
  B. Objectivity.