Practice IIA-CIA-Part1-3P Exam Online

Question 1

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

A : . The chief audit executive (CAE) reports on the internal audit activity’s day-to-day tasks and responsibilities to the CEO.

B : 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.

C : 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.

D : 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.

Answer: C

Question 2

When planning the work program for an assurance engagement, an internal auditor should first review the department's business objectives and then:

A : entify risks.

B : view controls.

C : termine scope.

D : aluate vulnerabilities.

Answer: A

Question 3

Forty-five percent of an organization's customer payments are submitted online. Eight percent of online payments are rejected. Executive management decides to outsource its online payment services to a contractor that will assume 75 percent of the total value of rejected payments. The organization estimates $1.25 million customer payments due during the contract period.

Which of the following represents the organization's residual risk for online customer payments due?

A : $11, 250

B : $25, 000

C : $33, 750

D : $45, 000

Answer: A

Question 4

Which of the following is the best method for testing the accuracy of a computer program’s calculation of shipping charges?

A : either test data or parallel simula-tion to test the computer program.

B : generalized audit software to select a monetary-unit sample of invoices that have been billed to customers.

C : lect transactions from invoices with shipping charges using difference estimation.

D : lect transactions from invoices with shipping charges using discovery sampling

Answer: A

Question 5

An internal auditor plans to use an analytical review to verify the correctness of various operating expenses in a division. The use of an analytical review as a verification technique would not be a preferred approach if.

A : auditor notes strong indicators of a specific fraud involving this account.

B : company has relatively stable operations which have not changed much over the past year.

C : auditor would like to identify large, unusual, or non-recurring transactions during the year.

D : operating expenses vary in relation to other operating expenses, but not in relation to revenue.

Answer: A

Name:	CIA Exam Part One: Essentials of Internal Auditing
Exam Code:	IIA-CIA-Part1-3P
Certification:	Certified Internal Auditor
Vendor:	IIA
Total Questions:	951
Last Updated:	Nov 06, 2025

IIA IIA-CIA-Part1-3P Answers