IIA IIA-CIA-Part1 Certified Internal Auditor Exam Practice Test Questions

• Question 1

  Which of the following scenarios violates The IIA's standard regarding internal audit independence?

  • The chief audit executive (CAE) reports on the internal audit activity's day-to-day tasks and responsibilities to the CEO.
  • An assessment of the risk management function is reviewed by an outside consulting firm because the CAE is temporarily fulfilling the role of risk manager.
  • The CAE regularly meets with the organization's chief risk officer, who validates all reported audit findings and dictates which will be Included In the package to the audit committee.
  • The internal audit activity will experience staffing shortages for the next six months due to planned and unplanned leaves of absence; therefore the CAE proposed including fewer audits in the annual audit plan compared to the previous financial year.

  Show Answer Answer: C Next

• Question 2

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

  • An auditor attempts to obtain information needed to complete an assurance engagement but is denied access.
  • The appointment of the chief audit executive is ratified by the board.
  • An auditor demonstrates a good understanding of the steps involved in carrying out a consulting engagement.
  • The internal audit resource plan is only approved by the chief financial officer.

  Show Answer Answer: A Next

• Question 3

  What is the primary reason a chief audit executive should dedicate time and resources to support continuing professional development of internal audit staff?

  • To ensure that internal audit staff maintains high overall job satisfaction.
  • To ensure that internal audit staff acquired continuing professional education credits timely.
  • To ensure that top risks are mitigated to an acceptance level.
  • To ensure that internal audit staff have the competency to address high-priority risks.

  Show Answer Answer: A Next

• Question 4

  Which of the following actions by the internal audit activity requires disclosure to the board of nonconformance with the Standards?

  • The internal audit activity did not complete an external assessment within the last seven years
  • The internal audit activity performed an engagement with limited scope due to lack of knowledge
  • The internal audit activity failed to consider risk when conducting a review of a department
  • An internal auditor was assigned to an engagement m an area where she previously worked more than 10 years ago

  Show Answer Answer: A Next

• Question 5

  Which of the following is a primary benefit of implementing a governance risk management and compliance framework within an organization?

  • Fewer internal audits
  • More effective interviews
  • Automated risk management strategy tools
  • Reduced assurance costs

  Show Answer Answer: D Next