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IIA IIA-CIA-Part1 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Fraud Risks	15%	- Internal audit responsibilities regarding fraud 1. Investigation procedures and reporting 2. Detecting fraud indicators - Fraud risk assessment and prevention 1. Preventive and detective controls 2. Identifying and prioritizing fraud risks - Fraud concepts and types 1. Asset misappropriation, corruption, financial statement fraud 2. Fraud triangle and fraud risk factors
Topic 2: Foundations of Internal Auditing	35%	- Independence and objectivity 1. Individual objectivity and safeguards 2. Organizational independence and reporting lines 3. Impairments to independence/objectivity - Quality assurance and improvement program 1. Requirements and scope of QAIP 2. Internal and external assessments 3. Conformance with Standards - Purpose, authority, and responsibility of internal auditing 1. Assurance vs. advisory services 2. Internal audit charter requirements 3. Definition, mission, and core principles
Topic 3: Ethics and Professionalism	20%	- IIA Code of Ethics 1. Rules of conduct and application 2. Principles: integrity, objectivity, confidentiality, competency - Professional conduct and due care 1. Due professional care in engagements 2. Competence and continuing professional development
Topic 4: Governance, Risk Management, and Control	30%	- Internal control 1. Evaluating control effectiveness 2. Control frameworks and components 3. Types of controls and control activities - Governance frameworks and processes 1. Governance models and best practices 2. Roles of board, management, and internal audit - Risk management 1. Risk appetite, assessment, and response 2. Internal audit role in risk management 3. Risk management frameworks (e.g., COSO, ISO 31000)

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Best IIA IIA-CIA-Part1 exam questions and answers

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IIA Internal Audit Fundamentals Sample Questions (Q559-Q564):

NEW QUESTION # 559
Which of the following is the best way for an internal auditor to demonstrate due professional care?

A. Conduct an audit to the same extent that another prudent auditor would under similar circumstances
B. Seek feedback from the engagement supervisor during the engagement
C. Request and receive client feedback surveys during the engagement
D. Execute internal audit work in such a manner as to provide absolute assurance of compliance

Answer: A

Explanation:
The best way for an internal auditor to demonstrate due professional care is to conduct an audit to the same extent that another prudent auditor would under similar circumstances. This involves applying the knowledge, skills, and judgment expected of an auditor in comparable roles or situations, ensuring thoroughness and appropriateness in the conduct of the audit work, and adhering to professional standards and ethical guidelines.
References: The IIA's International Standards for the Professional Practice of Internal Auditing on due professional care.

NEW QUESTION # 560
An internal auditor is reviewing a new automated human resources system. The system
contains a table of pay rates which are matched to the employee job classifications. The best control to ensure that the table is updated correctly for only valid pay changes would be to:

A. Require that all pay changes be signed by the employee to verify that the change goes to a bona fide employee.
B. Limit access to the data table to management and line supervisors who have the authority to determine pay rates.
C. Require a supervisor in the department,who does not have the ability to change the table,to compare the changes to a signed management authorization.
D. Ensure that adequate edit and reasonableness checks are built into the automated system.

Answer: C

NEW QUESTION # 561
Which of the following demonstrates that the internal audit activity exercises due professional care?

A. Internal auditors are required to give absolute assurance of regulatory compliance
B. A self-assessment is conducted through the quality assurance and improvement program every five years
C. Supervisors provide feedback to internal auditors after workpapers are reviewed
D. The chief audit executive reports functionally to the board

Answer: C

Explanation:
The practice of supervisors providing feedback to internal auditors after reviewing workpapers demonstrates the exercise of due professional care within the internal audit activity. This feedback mechanism helps ensure the quality of audit work and adherence to professional standards, and it promotes continuous improvement and development of audit staff. This aligns with the IIA's definition of due professional care, which includes diligence, attention to detail, and continuous professional development.
IIA Standard 1300: Quality Assurance and Improvement Program, which outlines the requirements for due professional care.

NEW QUESTION # 562
What information should the internal quality assessment of the internal audit activity communicate to the chief audit executive?

A. Detailed objectives for internal audit engagements.
B. Evaluation of the adequacy of internal audit policies and procedures.
C. Performance appraisals of the internal audit staff.
D. Confirmation that past audit recommendations have been implemented.

Answer: B

NEW QUESTION # 563
The chief audit executive for an organization has just completed a risk assessment process, identified the areas with the highest risk, and assigned an audit priority to each. Which of the following statements is true and consistent with the International Professional Practices Framework?
I.Items should be ranked in the order of quantifiable dollar exposure to the organization.
II.
The audit priorities should be in order of major control deficiencies.
III.
The risk assessment, though quantified, is the result of professional judgments about both exposures and probability of occurrences.

A. I only.
B. III only.
C. II and III only.
D. I, II, and III.

Answer: B

NEW QUESTION # 564
......

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