Practice IIA-CIA-Part1-3P Exam Online

Question 1

The chief audit executive (CAE) is requested to complete an IT engagement within the year. The CAE determines that the internal audit activity does not currently have the required competencies for the engagement. Which of the following would be the most appropriate response?

A : Assign a staff member from the IT department to assist with the engagement.

B : Decline the engagement since the internal audit activity lacks the required competencies.

C : Recruit a new staff member from a competing organization who has the required competencies.

D : Recruit a finance department manager who recently transferred from the IT department.

Answer: A

Question 2

Which of the following best describes the approach the internal audit activity should take to assess and make appropriate recommendations to improve the organization?

A : To evaluate an organization's governance processes for making strategic and operational decisions, internal auditors should review the organization's policies and processes related to staff compensation.

B : To determine how an organization provides oversight of its risk management and control activities, internal auditors should review board meeting minutes and the board policy manual.

C : To assess how an organization promotes ethics and values, both internally and among its external business partners, internal auditors should review the organization's related objectives, programs, and activities.

D : To evaluate how an organization ensures effective performance management and accountability, internal auditors should review previously conducted risk assessments

Answer: B

Question 3

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 : Confidentiality

B : Independence

C : Integrity

D : Objectivity

Answer: D

Question 4

Prior to commencing a financial compliance engagement, the engagement supervisor reads the business plan for the finance department and meets informally with the director to learn more about any key issues. Which of the following competencies is the engagement supervisor demonstrating?

A : The ability to inspire trust.

B : The ability to communicate effectively

C : The ability to display courage.

D : The ability to understand the needs of stakeholders.

Answer: B

Question 5

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

A : ISO 26000.

B : Global Reporting Initiative.

C : Open Compliance and Ethics Group.

D : COSO's enterprise risk management framework.

Answer: B

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:	Apr 25, 2024

IIA IIA-CIA-Part1-3P