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IIA IIA-CIA-Part1 Exam Dumps Questions and Answers

Exam Code: IIA-CIA-Part1
Certification: CIA
Vendor: IIA
Last Update: Oct 7, 2024
Questions: 691 With Expert Explanation
10  Customers Passed IIA IIA-CIA-Part1
90%  Average Success In Real Exam
93%  Questions came word by word from this dump
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Essentials of Internal Auditing Questions and Answers

Questions 1

An internal audit activity maintains a quality assurance and improvement program that includes annual self-assessments. The internal audit activity includes in each engagement report a clause that the engagement is conducted in conformance with the International! Standards for the Professional Practice of Internal Auditing (Standards). Which of the following justifies inclusion of this clause in the reports?

Options:

A.

Internal audit activity policies and engagement records provide relevant, sufficient, and competent evidence that the statement is correct.

B.

The audit committee has reviewed the annual self-assessment results and approved the use of the clause.

C.

The self-assessment results were validated by a qualified external review team three years prior.

D.

The internal audit charter, approved by the audit committee, requires conformance with the Standards

Questions 2

An engagement supervisor obtains facilities maintenance reports from a contractor during an audit of third-party services. Which of the following is the source of authority for the engagement supervisor to make such contact outside the organization?

Options:

A.

The policies and procedures of the internal audit activity.

B.

The provisions of the internal audit charter.

C.

The authority of the CEO.

D.

The IIA's Code of Ethics.

Questions 3

The board of a newly established organization was discussing the contents of the draft internal audit charter One board member suggested adding to the charter an obligation for the internal audit activity to develop controls in business procedures. The board member explained that the new organization needs professional-level developers, internal auditors have the necessary skills and competencies, and the internal audit activity is well positioned to assume this responsibility. Which of the following would be a potential concern if the board member’s suggestion is adopted?

Options:

A.

Due professional care.

B.

Internal audit objectivity.

C.

Risk management assurance.

D.

Professional development.