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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 831:

  Which documents would help a forensic auditor identify instances of collusion between an employee and vendor to defraud the organization?

  A. Email correspondence.
  B. Payment request forms.
  C. Vendor invoices.
  D. Bank statements.
  A. Email correspondence.

• Question 832:

  With regard to governance, which of the following is a board-level responsibility rather than a management responsibility?

  A. Obtaining assurance on external nancial, regulatory, and internal audits.
  B. Complying with laws, regulations, and codes.
  C. Assigning authority and responsibilities organizationwide.
  D. Monitoring and measuring performance.
  B. Complying with laws, regulations, and codes.

• Question 833:

  Which of the following accurately describes the concept of inherent risk?

  A. Risk factors that exist when controls are in place and operating effectively.
  B. Internal risk factors assuming no controls are in place.
  C. Risk factors that cannot be mitigated because they are innate to a process.
  D. Combination of internal and external risk factors in their pure state, assuming no controls are in place.
  D. Combination of internal and external risk factors in their pure state, assuming no controls are in place.

• Question 834:

  Which of the following scenarios best demonstrates the concept of corporate social responsibility?

  A. An organization checks potential suppliers against a list of sanctions established by the government.
  B. An organization requests potential suppliers of materials to provide thorough documentation to verify the quality of their products.
  C. An organization requests potential suppliers of materials to evaluate their production capabilities against expected purchase volumes.
  D. An organization requests potential suppliers to submit a signed confirmation to verify that no child labor is involved in their production process.
  D. An organization requests potential suppliers to submit a signed confirmation to verify that no child labor is involved in their production process.

• Question 835:

  Which of the following would not be a factor for senior management to consider when determining the internal audit activity's role in an organization's risk management process?

  A. The extent to which the internal audit activity is outsourced.
  B. The maturity level of risk management practices in the organization.
  C. The competency of the internal auditors in risk management.
  D. The nature of the business and the environment in which the organization operates.
  A. The extent to which the internal audit activity is outsourced.

• Question 836:

  According to The IIA's Code of Ethics, an internal auditor who has a romantic relationship with an audit client violates which of the following rules of conduct?

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

• Question 837:

  What is the main difference between a consulting engagement versus an assurance engagement?

  A. The nature of services provided are defined in the internal audit charter.
  B. Internal auditors must maintain objectivity while performing their work.
  C. The objectives and scope of the engagement typically are directed by management.
  D. Internal auditors may assume management responsibilities.
  C. The objectives and scope of the engagement typically are directed by management.

• Question 838:

  Which of the following is considered a common red flag indicator in helping to uncover fraud?

  A. Improper segregation of duties.
  B. Repeated poor performance.
  C. Termination from previous employer.
  D. Experiencing financial difficulty.
  D. Experiencing financial difficulty.

• Question 839:

  In a manufacturing organization, all sales prices are determined centrally and are electronically sent to the distribution centers to update their sales price tables.Any pricing deviations must be approved by central headquarters. To determine how this process is functioning, an internal auditor should:

  A. Document the ow of sales price information, and determine how the table is accessed and updated.
  B. Develop a flowchart of the sales order process to determine how orders are taken and priced.
  C. Identify who approves the shipment of goods and how the goods are priced.
  D. Obtain a copy of the existing flowchart for the computer program to determine how price data are accessed.
  A. Document the ow of sales price information, and determine how the table is accessed and updated.

• Question 840:

  Which of the following organizational practices is likely to be a part of a corporate social responsibility program?

  A. A mining company practices back lling and planting trees after mining within an area.
  B. A construction company ensures that its workers are paid at the regulated minimum wage.
  C. A foods manufacturer sources cheap raw materials to generate higher profits for distribution to its employees.
  D. A bank listed on the national stock exchange consistently pays dividends to its shareholders.
  A. A mining company practices back lling and planting trees after mining within an area.