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IIA IIA-CIA-Part1 Exam With Confidence Using Practice Dumps

Exam Code:
IIA-CIA-Part1
Exam Name:
Essentials of Internal Auditing
Certification:
CIA
Vendor:
Questions:
721
Last Updated:
Dec 19, 2024
Exam Status:
Stable
IIA IIA-CIA-Part1

IIA-CIA-Part1: CIA Exam 2024 Study Guide Pdf and Test Engine

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Essentials of Internal Auditing Questions and Answers

Question 1

According to IIA guidance, which of the following would the internal audit activity examine in order to evaluate the organization's governance process for strategic and operational decisions'?

Options:

A.

The risk assessment process including interviews with senior management.

B.

The organization’s mission and value statements, code of conduct, and whistleblowing policy

C.

Board meeting minutes the board policy manual, and past audit reports

D.

Staff compensation objective setting and the performance evaluation policy and process

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Question 2

Which of the following is the best example of an ongoing independent monitoring activity?

Options:

A.

Management quality assurance activities

B.

Internal audit fraud prevention and detection activities

C.

Management and supervisory activities

D.

External audit quality assurance activities

Question 3

During a review of employee benefits, a staff internal auditor observed an ambiguity in the incentive compensation policy. If reported, it could negatively impact the internal auditor's compensation. Which of the following would encourage the internal auditor to be objective in his work?

Options:

A.

Periodic reinforcement of the internal audit activity's code of ethics disclosure practices.

B.

External assessments of the internal audit activity every five years.

C.

Audit committee review of every engagement report at the conclusion of the audit.

D.

Internal audit charter approved by the board.