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IIA-CIA-Part1 exam consists of 125 multiple-choice questions and must be completed within two and a half hours. It is a computer-based exam that can be taken at any Pearson VUE testing center worldwide. The passing score for the exam is 600 out of a possible 800 points, and candidates receive immediate feedback on their performance after completing the exam.
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IIA-CIA-Part1 certification exam is one of the most respected and recognized certifications in the field of internal auditing. It focuses on the essential knowledge and skills required for internal auditors to conduct effective and efficient audits of an organization's operations, including financial reporting, risk management, and governance processes. IIA-CIA-Part1 exam is offered by the Institute of Internal Auditors (IIA), a global organization with more than 200,000 members in over 170 countries.
IIA-CIA-Part1: Essentials of Internal Auditing Exam is a globally recognized certification exam designed for professionals seeking to pursue a career in internal auditing. IIA-CIA-Part1 Exam is conducted by the Institute of Internal Auditors (IIA), which is a professional organization that provides guidance, education and certification to internal auditors across the world. IIA-CIA-Part1 exam is the first part of the three-part Certified Internal Auditor (CIA) program.
IIA Internal Audit Fundamentals Sample Questions (Q192-Q197):
NEW QUESTION # 192
According to IIA guidance, which of the following corporate social responsibility {CSR) evaluation activities may be performed by the internal audit activity?
1. Consult on CSR program design and implementation
2. Serve as an advisor on CSR governance and risk management.
3. Review third parties for contractual compliance with CSR terms.
4. Identify and mitigate risks to help meet the CSR program objectives.
- A. 2, 3, and 4
- B. 1,2, and 3.
- C. 1, 3, and 4.
- D. 1,2, and 4.
Answer: A
Explanation:
According to IIA guidance, the internal audit activity may serve as an advisor on CSR governance and risk management, review third parties for compliance with CSR contractual terms, and identify and mitigate risks to help meet CSR program objectives. These roles enable the internal audit to contribute effectively to the organization's CSR initiatives by ensuring governance standards are met, contractual obligations are upheld, and risks are managed proactively.
Institute of Internal Auditors (IIA) - Practice Advisories on Corporate Social Responsibility
NEW QUESTION # 193
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. Preventive control.
- B. Corrective control.
- C. Compensating control.
- D. Detective control.
Answer: A
NEW QUESTION # 194
An internal auditor obtains spreadsheets created by the finance department of an organization.
The internal auditor contacts a third party about the source data that was utilized to create the spreadsheets before going on to perform a ratio analysis and a comparison of budget versus actual data. What is the most likely reason that the internal auditor involved a third party before performing further analysis?
- A. To determine what future usage limitations the spreadsheets might have.
- B. To determine if a later re-performance for testing mechanical accuracy would be possible.
- C. To obtain a reliable verification about the accuracy of the source data.
- D. To confirm that the spreadsheets could be used as a source of analytic data.
Answer: C
NEW QUESTION # 195
Which of the following are appropriate responsibilities of the audit committee in relation to the chief audit executive (CAE)?
Approving the internal audit charter.
Approving decisions regarding the appointment and removal of the CAE.
Approving the risk management strategy for the organization.
Making appropriate inquiries of management and the CAE to determine whether there are inappropriate scope and resource limitations.
- A. 2,3,and 4 only
- B. 1,2,and 4 only
- C. 1 and 2 only
- D. 1,2,and 3 only
Answer: B
NEW QUESTION # 196
Which of the following concepts is emphasized in the Mission of Internal Audit?
- A. Protection of tangible and intangible assets.
- B. Provision of professional advisory and assurance services.
- C. Support of good governance and controls.
- D. Enhancement of organizational value.
Answer: D
NEW QUESTION # 197
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