Practice IIA-CIA-Part1-3P Exam Online

Question 1

Which of the following should be considered in developing a risk and control model for use in an engagement?

A : The risk and control model should be globally accepted by the profession.

B : The risk and control model should be strictly adhered to in performing the engagement.

C : The risk and control model should be tailored to the organization that will be the subject of the engagement.

D : The risk and control model should be developed individually by the auditor for use on individual audit projects within the planned engagement.

Answer: C

Question 2

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.

Answer: D

Question 3

For a bank handling large amounts of cash, which of the following types of control would be the most effective to use?

A : Detective controls.

B : Corrective controls.

C : Preventive controls.

D : Directive controls.

Answer: C

Question 4

An employee who recently transferred into the internal audit activity has been assigned to audit the accounts payable system. Which function, if previously performed by this employee, would represent a conflict of interest?

A : Monitoring the allowance for doubtful accounts.

B : Writing procedures for the handling of duplicate payments.

C : Signing timekeeping cards for subordinates.

D : Reviewing shipping documents for accuracy.

Answer: B

Question 5

A computer system automatically locks a user's account after three unsuccessful attempts to log on.

Which type of control does this scenario represent?

A : Corrective control.

B : Preventive control.

C : Detective control.

D : Compensating control.

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