Newest IIA-CIA-Part1 Practice Questions at Zero Cost

Get a glimpse of the real IIA-CIA-Part1 certification exam challenges with our free IIA-CIA-Part1 practice test questions.

Question 1

An organization is conducting a fraud risk assessment as part ol its risk management program. Which of the following steps is the organization most likely to perform first?

AIdentify relevant fraud risk factors.

BIdentify potential fraud schemes.

CIdentify existing controls for preventing and detecting fraud.

DIdentify red flags by conducting data analysis.

Correct Answer: 1

Question 2

The same internal auditor has audited the regional purchasing department annually for the last three years. The audits have shown several significant control deficiencies that have not been corrected by management. New management is in charge of this regional purchasing department, and it is time to audit the department again. What concerns should be considered prior to assigning the audit to the same auditor?

AIntimidation threats may compromise the auditor's objectivity due to multiple negative audit reports completed by the auditor.

BThe auditor has reviewed the department annually for the last three years, leading to familiarity, which can impact the internal audit activity's independence.

CA negative cognitive bias may be in place that affects the employee's objectivity due to the recent audits with uncorrected control deficiencies.

DThe auditor may have formed a cultural bias, as the department under review is in the auditor's geographic area.

Correct Answer: 2

Question 3

Which of the following relates to the concept of due professional care?

AAn auditor attempts to obtain information needed to complete an assurance engagement but is denied access.

BThe appointment of the chief audit executive is ratified by the board.

CAn auditor demonstrates a good understanding of the steps involved in carrying out a consulting engagement.

DThe internal audit resource plan is only approved by the chief financial officer.

Correct Answer: 3

Question 4

Which of the following describes a responsibility of operating management in an organization's corporate social responsibility (CSR) efforts?

AResponsible for implementing CSR principles and overseeing of CSR performance.

BResponsible for performing periodic internal self-verifications of reported CSR results.

CResponsible for performing analysis and comparison of CSR reports and performance.

DResponsible for ongoing CSR reporting and accomplishing of performance targets.

Correct Answer: 4

Question 5

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?

ACompare the design of the organization's ethical programs with best practices.

BVerify that a code of conduct and related policies exist and are communicated.

CUse employee surveys to assess whether ethical programs are achieving desired outcomes.

DCompare the cost of the ethical programs with the achieved outcomes.

Correct Answer: 5

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