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IIA IIA-CIA-Part1 Exam Overview:
| Certification Vendor: | IIA |
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| Exam Name: | Essentials of Internal Auditing |
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| Exam Number: | IIA-CIA-Part1 |
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| Available Languages: | Korean, Turkish, Japanese, Arabic, French, Russian, Polish, English, German, Simplified Chinese, Portuguese, Spanish |
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| Certificate Validity Period: | Lifetime |
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| Exam Format: | Multiple Choice |
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| Passing Score: | 600 (Scaled score out of 750) |
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| Real Exam Qty: | 125 |
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| Related Certifications: | Certified Internal Auditor (CIA) |
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| Exam Duration: | 150 minutes |
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| Exam Price: | USD 310 - USD 445 |
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| Sample Questions: | IIA IIA-CIA-Part1 Sample Questions |
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| Exam Way: | Computer-based testing at Pearson VUE centers |
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| Pre Condition: | Candidates must hold a Bachelor's degree or higher from an accredited institution. |
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| Official Syllabus URL: | https://www.theiia.org/en/certifications/cia/exam-prep-resources/exam-syllabus/exam-syllabus-part-1/ |
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>> Valid IIA-CIA-Part1 Exam Syllabus <<
IIA IIA-CIA-Part1 PDF Questions-Shortcut To Success
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The IIA IIA-CIA-Part1 exam consists of 125 multiple-choice questions and has a time limit of two and a half hours. Candidates must achieve a score of at least 600 out of a possible 800 points to pass the exam. Those who successfully pass the IIA-CIA-Part1 Exam are awarded the Certified Internal Auditor (CIA) designation, which is widely recognized as a mark of excellence in the field of internal auditing.
IIA Internal Audit Fundamentals Sample Questions (Q553-Q558):
NEW QUESTION # 553
Which of the following statements is true regarding a key difference between assurance and consulting services provided by the internal audit activity?
- A. When conducting a consulting engagement, the nature and scope of the engagement are determined by the internal audit activity.
- B. An assurance engagement has two participants, while consulting engagements generally involve three parties.
- C. When conducting an assurance engagement, the engagement objectives, scope, and techniques are agreed with the area under review.
- D. Three parties are participants in assurance services, while consulting engagements generally involve two parties.
Answer: B
NEW QUESTION # 554
Who is responsible for ensuring internal auditors' continuing professional development?
- A. The board.
- B. Engagement supervisors.
- C. Chief audit executive.
- D. Individual internal auditors.
Answer: C
Explanation:
The Chief Audit Executive (CAE) is primarily responsible for ensuring internal auditors' continuing professional development. The CAE plays a crucial role in setting the tone and priorities for the audit function, including the professional growth of the audit staff, to maintain the competence and effectiveness of the internal audit activity.References: International Standards for the Professional Practice of Internal Auditing, particularly those related to human resources management within audit functions.
NEW QUESTION # 555
Which of the following best describes the trait that an internal auditor exercises when
considering the extent of work needed to achieve the engagement's objectives?
- A. Objectivity.
- B. Independence.
- C. Due professional care.
- D. Proficiency.
Answer: C
NEW QUESTION # 556
Which of the following represents the most useful function of inventory turnover analysis?
- A. Identifying excess inventory, including obsolete inventory.
- B. Developing more efficient methods for manufacturing finished products.
- C. Determining the best supplier of raw materials based on cost comparison.
- D. Creating new staffing positions for inventory support.
Answer: A
NEW QUESTION # 557
Which of the following best demonstrates organizational independence of the internal audit activity?
- A. Internal auditors may not disclose personal data of the audit client
- B. Internal auditors may not accept gifts from management of the area under review
- C. Internal auditors must observe the law and make required disclosures
- D. The chief audit executive reports directly to the board
Answer: C
NEW QUESTION # 558
......
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