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

IIA IIA-CIA-PART1 Online Questions & Answers

• Question 911:

  According to the IIA Code of Ethics, which of the following best describes the conduct of an internal auditor who demonstrates the principle of competency?

  A. The auditor is prudent in the use and protection of information acquired in the course of his work.
  B. The auditor does not accept anything that may impair or be presumed to impair his professional judgment.
  C. The auditor does not perform services in a particular area when he lacks skills in that area.
  D. The auditor performs work with honesty, diligence, and responsibility.
  C. The auditor does not perform services in a particular area when he lacks skills in that area.

• Question 912:

  Which of the following measurements could an auditor use in an audit of the efficiency of a motor vehicle inspection facility?

  A. The total number of cars approved.
  B. The ratio of cars rejected to total cars inspected.
  C. The number of cars inspected per inspection agent.
  D. The average amount of fees collected per cashier.
  C. The number of cars inspected per inspection agent.

• Question 913:

  Which of the following is accomplished by the internal audit charter?

  A. It establishes the audit committee's position within the organization.
  B. It authorizes access to records, personnel and physical properties relevant to the performance of engagements.
  C. It defines the scope of internal and external audit activities.
  D. It states the nature of the chief audit executive's administrative reporting relationship with the board.
  B. It authorizes access to records, personnel and physical properties relevant to the performance of engagements.

• Question 914:

  Which of the following best describes the internal audit activity's responsibility within a risk and control framework?

  A. The internal audit activity constitutes the first line of defense in effective risk management.
  B. The internal audit activity provides direction regarding internal controls implementation.
  C. The internal audit activity veri es that management has met its responsibility for implementing effective controls.
  D. The internal audit activity implements the internal control framework and advises management regarding best practices.
  C. The internal audit activity veri es that management has met its responsibility for implementing effective controls.

• Question 915:

  Under which of the following circumstances should the final audit report include a disclosure of nonconformance with the Standards?

  A. An external quality assessment of the internal audit activity is performed only once every five years.
  B. The internal auditor provided negative assurance, because he found no evidence of misconduct.
  C. The annual internal audit plan includes some consulting engagements that are based on opportunities rather than risks to the organization.
  D. A new internal auditor moved into the internal audit activity from the payroll department and was immediately assigned to the payroll audit.
  D. A new internal auditor moved into the internal audit activity from the payroll department and was immediately assigned to the payroll audit.

• Question 916:

  Due to unfavorable economic conditions, management decided to postpone new investments for the next year. Which of the following best describes the risk management strategy used to address this situation?

  A. Risk mitigation.
  B. Risk avoidance.
  C. Risk reduction.
  D. Risk transfer.
  B. Risk avoidance.

• Question 917:

  Which of the following scenarios best illustrates the concept of due professional care?

  A. After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.
  B. After conducting an audit based upon a prede ned scope and objective, the internal auditor guaranteed management that the system of internal controls in an audited area operates effectively.
  C. As head of the internal audit activity, the chief audit executive reported functionally to the organization's board and administratively to senior management.
  D. As head of the internal audit activity, the chief audit executive ensures that engagement supervisors conduct post-engagement staff meetings.
  A. After establishing engagement objectives and reviewing a process, the internal auditor assured process owners that all significant risk events were identified and tested using a systematic, disciplined approach.

• Question 918:

  Who is held responsible for oversight of the organization's risk management framework?

  A. Operational management.
  B. Board of directors.
  C. Internal auditors.
  D. Head of risk management.
  D. Head of risk management.

• Question 919:

  Which of the following is an advantage of using nongovernmental organization (NGO) members on an assurance team when auditing corporate social responsibility?

  A. Typically less time is needed to train the NGO members on the audit process.
  B. NGO members are often more unbiased and objective.
  C. A report with a positive statement from an NGO member is deemed to be more credible.
  D. As opposed to auditors, NGO members are licensed to audit corporate social responsibility.
  C. A report with a positive statement from an NGO member is deemed to be more credible.

• Question 920:

  What is the best course of action when the internal audit activity does not have the knowledge necessary to perform a planned audit of the organization's new IT data backup process?

  A. Postpone the audit engagement to a later date.
  B. Recruit and hire a full-time staff auditor who is proficient in data backup processes.
  C. Change the plan from an assurance engagement to a consulting engagement.
  D. Provide data backup training to the engagement supervisor.
  D. Provide data backup training to the engagement supervisor.