IIA-CIA-Part1 exam

A chief audit executive (CAE) has no direct access to the board. According to IIA guidance, which of the following is the most appropriate way for the CAE to react?A . Ensure all subsequent audit reports include a disclaimer as to the lack of access to the board,B . Focus...

Which of the following factors is most important for internal auditors to consider when prioritizing fraud risks?A . The organization’s code of conduct.B . The organization’s competition.C . The organization’s code of ethics.D . The organization’s cultureView AnswerAnswer: D Explanation: When prioritizing fraud risks, the most important factor for internal...

According to NA guidance, which of the following describes the primary reason to implement environmental and social safeguards within an organization?A . To enable Triple Bottom Line reporting capability.B . To facilitate the conduct of risk assessment.C . To achieve and maintain sustainable development.D . To fulfill regulatory and compliance...

Which of the following skills is most important for an internal auditor who facilitates control self- assessment workshops to possess?A . Groupthink.B . Collaboration skills.C . Process analysis skills.D . Project management skills.View AnswerAnswer: B Explanation: For an internal auditor who facilitates control self-assessment workshops, collaboration skills are most important....

A multinational organization has asked the internal audit activity to assist in setting up the organization’s risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant. Which of the following tasks is appropriate for the CAE to undertake?A . Coordinate and facilitate risk...

Which requirement should the chief audit executive consider when communicating results of the quality assurance and improvement program to the board of a large organization?A . The internal assessment results should be discussed once every five years,B . The rating conclusions and the impact from results of the external assessment...

During an assurance engagement, an internal auditor uses benchmarking research to support preparation of a report to stakeholders that contains significant findings about control deficiencies. Which of the following skills did the auditor demonstrate?A . Internal audit management.B . Conflict negotiation.C . Critical thinking.D . Persuasion and collaboration.View AnswerAnswer: C...

An internal audit activity includes in its audit reports the assertion that its work is performed in conformance with the International Standards for the Professional Practice of Internal Auditing (Standards). A recent external quality assessment concluded that the internal audit activity had substantial deficiencies that impact its overall operations. According...

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?A . Planning an engagement of the area in which fraud is suspected.B . Employing audit tests to detect fraud.C . Interrogating a suspected fraudsterD . Completing...

Which of the following actions is a chief audit executive most likely to take in order to identify gaps in the internal audit activity’s knowledge, skills, and competencies?A . Complete a skills assessment of the internal audit activity based on. The IIA Global Internal Audit Competency Framework.B . Develop a...