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IIA IIA-CIA-Part1 Exam Syllabus Topics:

Section	Weight	Objectives
III. Proficiency and Due Professional Care (18%)	18%	- Explain the requirement for continuing professional development - Demonstrate proficiency and due professional care - Explain the importance of due professional care - Explain the level of knowledge, skills, and competencies required
V. Governance, Risk Management, and Control (35%)	35%	- Describe the components of the internal control system - Examine the effectiveness of risk management - Describe globally accepted risk management frameworks (COSO ERM, ISO 31000) - Recognize and interpret ethics and compliance-related issues - Describe corporate social responsibility - Describe the concept of organizational governance - Interpret fundamental concepts of risk and the risk management process - Recognize the impact of organizational culture on the control environment - Examine the effectiveness of the internal control system
VI. Fraud Risks (10%)	10%	- Explain the auditor's role in fraud prevention and detection - Describe fraud risk and fraud prevention - Explain the types of fraud
I. Foundations of Internal Auditing (15%)	15%	- Interpret the difference between assurance and consulting services - Interpret The IIA's Mission of Internal Audit, Definition of Internal Auditing, and Core Principles - Demonstrate conformance with the IIA Code of Ethics - Explain the requirements of an internal audit charter
II. Independence and Objectivity (15%)	15%	- Interpret organizational independence - Determine the type of impairment to independence and objectivity - Assess and maintain individual 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 (Q247-Q252):

NEW QUESTION # 247
An engagement supervisor noted that an internal auditor's personal relationship with a process owner resulted in the auditor providing a favorable and partial assessment during an audit within that process owner's area.
According to MA guidance, which of the following should be used to manage this impairment?

A. A functional audit committee.
B. An internal audit charter.
C. An employee disciplinary policy.
D. A functional reporting placement.

Answer: A

Explanation:
To manage the impairment caused by an internal auditor's personal relationship affecting audit impartiality, a functional audit committee should be utilized. The audit committee is responsible for ensuring the independence and objectivity of the internal audit function. This committee can take actions such as reassigning the audit task, reviewing the affected audit work, or instituting additional oversight for audits in that area.References: The IIA's Standards on objectivity and conflicts of interest (specifically standards relating to managing impairments to independence and objectivity).

NEW QUESTION # 248
Which of the following options describes the reason that conformance with The IIA's Code of Ethics is mandatory for internal auditors?

A. Ethical compliance provides the basis for stakeholder trust and confidence in the validity of the profession of internal auditing and the internal audit activity's findings.
B. Ethical compliance provides the basis for stakeholder confidence in the competence of the internal audit activity and of professional internal auditors.
C. The internal audit activity's ethical compliance sets the tone for the ethical compliance by the organization's board, management, and employees.
D. Ethical compliance is necessary for internal auditors and the internal audit activity to accept responsibility for providing g absolute assurance about the organization's risk management.

Answer: A

Explanation:
Conformance with The IIA's Code of Ethics is mandatory for internal auditors because it provides the basis for stakeholder trust and confidence in the validity of the profession of internal auditing and the internal audit activity's findings. Ethical behavior in internal auditing ensures that auditors are trusted by those who rely on their conclusions, advice, and information, thereby enhancing the integrity and credibility of the audit results.
References: Institute of Internal Auditors (IIA) - International Professional Practices Framework (IPPF)

NEW QUESTION # 249
An internal auditor is reviewing employee travel expenses from the previous six months for fraud. Which of the following tests would best detect instances where personal travel has been claimed?

A. Reconciling claims against business the requests that were approved by supervisors
B. Confirming that all claims are within the limits of the organization's travel policy.
C. Verifying whether claims have been properly authorized for payment
D. Verifying whether claims are properly supported by invoices or other documents.

Answer: A

Explanation:
The most effective way to detect fraudulent claims for personal travel as business expenses is by reconciling claims against the business requests approved by supervisors. This method helps to verify that each claim corresponds directly to an approved and legitimate business activity, which is a critical checkpoint in detecting fraud in travel expenses.
Institute of Internal Auditors (IIA) Standards and Guidelines.

NEW QUESTION # 250
In addition to her internal audit activity responsibilities, the chief audit executive has been asked to oversee the organization's insurance function. Which of the following responses is most appropriate?

A. Revise the internal audit charter to include oversight of the insurance function, ensuring that all of her responsibilities are properly documented.
B. Report the request to the board and recommend alternate processes to obtain assurance related to insurance activities.
C. Welcome the additional responsibility, as it represents an opportunity to gain more information for future audits.
D. Promptly remove the organization's insurance function from the audit universe.

Answer: B

Explanation:
The most appropriate response for a chief audit executive (CAE) who has been asked to oversee the organization's insurance function is to report the request to the board and recommend alternate processes to obtain assurance related to insurance activities. Taking on operational responsibilities such as overseeing the insurance function could impair the objectivity and independence of the internal audit activity, making it difficult to audit those activities impartially in the future.References: IIA Standards on independence and objectivity, particularly Standard 1130: Impairment to Independence or Objectivity.

NEW QUESTION # 251
An internal auditor is finalizing an audit report on the effectiveness of the organization's overall system of internal control. Several audit tests were performed, and the only issue identified was that the CEO frequently asks employees to make exceptions or bypass the organization's standard written policies and procedures. Which of the following conclusions is most appropriate for the auditor to report?

A. The auditor cannot express a conclusive opinion in the audit report.
B. The auditor should indicate that the system of internal control is effective.
C. The auditor should indicate that the system of internal control is not effective.
D. The auditor should indicate that the system of internal control is generally effective, except for the minor issue identified.

Answer: C

NEW QUESTION # 252
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