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IIA IIA-CIA-Part1 Exam Syllabus Topics:

Section	Weight	Objectives
V. Governance, Risk Management, and Control (35%)	35%	- Describe the concept of organizational governance - Examine the effectiveness of risk management - Describe the components of the internal control system - Recognize and interpret ethics and compliance-related issues - Describe globally accepted risk management frameworks (COSO ERM, ISO 31000) - Examine the effectiveness of the internal control system - Recognize the impact of organizational culture on the control environment - Interpret fundamental concepts of risk and the risk management process - Describe corporate social responsibility
III. Proficiency and Due Professional Care (18%)	18%	- Explain the level of knowledge, skills, and competencies required - Explain the importance of due professional care - Demonstrate proficiency and due professional care - Explain the requirement for continuing professional development
VI. Fraud Risks (10%)	10%	- Explain the types of fraud - Explain the auditor's role in fraud prevention and detection - Describe fraud risk and fraud prevention
I. Foundations of Internal Auditing (15%)	15%	- Explain the requirements of an internal audit charter - Interpret The IIA's Mission of Internal Audit, Definition of Internal Auditing, and Core Principles - Interpret the difference between assurance and consulting services - Demonstrate conformance with the IIA Code of Ethics
II. Independence and Objectivity (15%)	15%	- Interpret organizational independence - Assess and maintain individual objectivity - Determine the type of impairment to independence and objectivity - Demonstrate individual objectivity
IV. Quality Assurance and Improvement Program (7%)	7%	- Describe the mandatory elements of the QAIP - Explain the requirements of the internal and external assessments

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IIA Internal Audit Fundamentals Sample Questions (Q822-Q827):

NEW QUESTION # 822
Which of the following factors should be considered when determining the appropriate combination of manual techniques and computer-assisted audit techniques (CAATs) to be used during an audit?
1. Acceptance of CAATs findings by entity management.
2. Computer knowledge and expertise of the auditor.
3. Time constraints.
4. Level of audit risk.

A. 2, 3, and 4
B. 1, 2, and 3
C. 2 and 3 only
D. 1 and 4

Answer: A

NEW QUESTION # 823
Which of the following best demonstrates conformance with the Standards regarding the internal audit activity's purpose authority, and responsibility?

A. Self-assessment of the internal audit activity completed by the chief audit executive
B. Approval of senior management that the internal audit activity is functioning as originally designed
C. Discussion and formal presentation of the internal audit charter to the board of directors
D. Certification by external auditors on the purpose, authority and responsibility of the internal audit activity

Answer: C

Explanation:
The best demonstration of conformance with the Standards regarding the internal audit activity's purpose, authority, and responsibility is the discussion and formal presentation of the internal audit charter to the board of directors. This ensures that the board is fully aware of and agrees with the internal audit's defined role within the organization, thereby establishing a clear basis for its operations and scope of work.References: The IIA's International Standards for the Professional Practice of Internal Auditing on Charter requirements.

NEW QUESTION # 824
According to IIA guidance, which of the following statements is true regarding the reporting of results from a quality assurance and improvement program review of the internal audit activity?

A. The results are communicated upon completion to the board and management, but action plans for recommended improvements do not have to be reported.
B. The results are reported upon completion in confidence directly to the board, and management is advised only of the recommendations and improvement action plans.
C. The results are shared with the board and management upon completion, and monitoring of recommended improvements must be reported at least annually.
D. A report on the results of the assessment is issued upon completion, and progress on implementing recommended improvements must be reported monthly.

Answer: C

NEW QUESTION # 825
Which of the following is true of a horizontal flowchart as compared to a vertical flowchart?

A. It brings into sharper focus the assignment of duties and independent checks on performance.
B. It provides more room for written descriptions that parallel the symbols.
C. It is usually longer.
D. It does not provide as broad a picture at a glance.

Answer: A

NEW QUESTION # 826
An external assessment was performed as part of the organization's quality assurance and improvement program. Which of the following conclusions confirms that the internal audit activity is in conformance with the Standards'?

A. The chief audit executive is well qualified and has responsibilities over operational areas that the internal audit activity assesses.
B. Employees who rotate into the internal audit activity from other areas of the organization are assigned to audit areas where they previously worked, to take advantage of their operational expertise and experience.
C. Periodic self-assessments are assigned to entry-level internal audit staff to support their continuing professional development.
D. All audit workpapers are reviewed and signed by the engagement supervisor before the audit report is issued.

Answer: D

Explanation:
Conformance with the Standards during an external assessment of the internal audit activity can be demonstrated through various means. One critical aspect is the review process of audit workpapers.
According to the IIA Standards, particularly Standard 2340 - Engagement Supervision, audit work should be reviewed by an engagement supervisor to ensure objectives are achieved, quality is maintained, and staff are developed. The review and sign-off of all audit workpapers before the issuance of the audit report (Option C) align directly with these standards, ensuring that work meets the required quality and thoroughness.
References:
* IIA Standards, Standard 2340: Engagement Supervision
* IIA Quality Assurance and Improvement Program (QAIP) guidelines

NEW QUESTION # 827
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