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IIA-CIA-Part1 Exam covers a wide range of topics related to internal auditing, including governance and risk management, internal control and audit tools, and the role of internal auditors in the organization. IIA-CIA-Part1 Exam consists of 125 multiple-choice questions that need to be completed within 2.5 hours. The passing score for the exam is 600 out of 800.

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The Internal Audit Fundamentals (IIA-CIA-Part1) practice questions (desktop and web-based) are customizable, meaning users can set the questions and time according to their needs to improve their discipline and feel the real-based exam scenario to pass the IIA IIA-CIA-Part1 Certification. Customizable mock tests comprehensively and accurately represent the actual IIA IIA-CIA-Part1 certification exam scenario.

IIA-CIA-Part1 exam consists of 125 multiple-choice questions that must be answered within two and a half hours. IIA-CIA-Part1 Exam is computer-based and can be taken at any of the IIA's testing centers worldwide. Candidates who pass the exam will be awarded the CIA credential, which is recognized globally as a mark of excellence in the internal auditing profession. The CIA certification can open up new career opportunities and enhance the candidate's credibility and earning potential. It is a valuable credential for internal auditors who want to demonstrate their expertise and commitment to the highest standards of professionalism.

IIA Internal Audit Fundamentals Sample Questions (Q619-Q624):

NEW QUESTION # 619
Which of the following survey questions would be most effective to identify ethics violations within the organization?

A. Are the performance targets in your department realistic and attainable?
B. Does your supervisor comply with laws and regulations affecting the organization?
C. Do you have sufficient resources, tools, and time to accomplish your work objectives?
D. Do your coworkers have the knowledge, skills, and training needed to perform their job duties?

Answer: B

Explanation:
Among the survey questions provided, the most effective for identifying ethics violations is: Does your supervisor comply with laws and regulations affecting the organization? This question directly addresses compliance and ethical behavior of supervisors, which is crucial for setting an ethical tone at the top and ensuring organizational integrity.
* Option A: Relates to performance targets and is not directly about ethics.
* Option B: Focuses on skills and training, which are important but not specific to ethics.
* Option D: Concerns resources and time, not directly addressing ethical violations.
IIA's Practice Guide on "Auditing Culture".
Compliance and Ethics Programs guidance.

NEW QUESTION # 620
After several years in the engineering department, an engineer was transferred to the internal audit department. One month later, the new auditor was assigned to an assurance engagement for the engineering department. When the auditor's former engineering supervisor suggested a change in the sample selection method, the auditor consulted with the audit supervisor. They determined that the suggested method would not be as representative and that the original selection method should be used. In this situation, the auditor:

A. Maintained an independent mental attitude and is therefore objective.
B. Has subordinated professional judgment, and objectivity is therefore impaired.
C. Does not have objectivity since the auditor recently transferred from the engineering department.
D. Does not have independent organizational status since the auditor recently transferred from the engineering department.

Answer: C

NEW QUESTION # 621
Which of the following is an example of risk monitoring to ensure a system is performing as intended?

A. Considering the consequence and likelihood of risks
B. Checking the progress of risk treatment plans
C. Communicating to management about risks
D. Documenting the risks and their areas of impact

Answer: B

Explanation:
An example of risk monitoring to ensure a system is performing as intended includes checking the progress of risk treatment plans. This involves periodically reviewing and updating the risk treatment actions to ensure they are effective and continue to mitigate risks within the organization appropriately. Monitoring the implementation and effectiveness of these plans is a direct method of evaluating the system's performance relative to its intended risk management goals.References: Risk management frameworks and monitoring methodologies.

NEW QUESTION # 622
During an internal audit of an organization's fixed assets, an internal auditor finds that several assets are not recorded in the organization's ledger but are physically present during the site review. The equipment is in poor condition, suggesting it has been used for a long time.
Which of the following actions should the auditor take?

A. Ask the asset manager about the unrecorded assets to clarify the issue.
B. Inform management of potential theft and suggest performing a physical inventory.
C. Perform additional tests to investigate possible overstating of fixed assets.
D. Suggest management write off the equipment as it is in poor condition.

Answer: A

Explanation:
The auditor should first obtain additional information from the asset manager to understand why physically existing assets are missing from the accounting records. Internal auditing requires conclusions to be based on relevant, reliable, and sufficient evidence rather than assumptions. The observed condition suggests the equipment has existed for some time, but the auditor does not yet know whether the omission results from an accounting error, acquisition process weakness, transferred assets, donated equipment, or another cause.
Option A prematurely assumes possible theft, while option B focuses on overstated assets even though the observation initially suggests potential understatement or incomplete records. Option D also moves directly to a management decision without establishing the facts. Inquiry followed by appropriate corroborating procedures is therefore the logical first step.

NEW QUESTION # 623
Which of the following is a responsibility of the internal audit activity as it relates to risk and risk management?

A. Determining whether the risk attitude is aligned with shareholder interests.
B. Ensuring an adequate risk management system is in place.
C. Evaluating and suggesting improvements to the risk management process.
D. Establishing the organization's risk appetite.

Answer: C

Explanation:
A responsibility of the internal audit activity as it relates to risk and risk management is evaluating and suggesting improvements to the risk management process. This role includes assessing the adequacy and effectiveness of the process in identifying, analyzing, and managing risks, as well as recommending improvements based on audit findings.References: IIA Standards for the Professional Practice of Internal Auditing related to risk management.

NEW QUESTION # 624
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