Free IIA IIA-CIA-Part1 Exam Questions
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IIA IIA-CIA-Part1 Exam Questions
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Provided By: IIA
- Exam: Essentials of Internal Auditing
- Certification: Certified Internal Auditor
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Total Questions: 951
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Updated On: Nov 13, 2024
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Rated: 4.9 |
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Online Users: 1902
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Question 1
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Suspecting fraud, the chief financial officer (CFO) asked the internal audit activity to investigate a significant increase in travel related expenditures. Work was performed by a qualified internal auditor. Following the completion of the engagement, the chief audit executive (CAE) reported to the CFO that no violations were found and no fraud had occurred.According to the Standards, which of the following principles did the CAE violate?
Answer: A
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Question 2
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During a payroll audit of a large organization, an auditor noted that the assistant personnel director is responsible for many aspects of the computerized payroll system, including adding new employees in the system; entering direct-deposit information for employees; approving and entering all payroll changes; and providing training for system users. After discussions with the director of personnel, the auditor concluded that the director was not comfortable dealing with information technology issues and felt obliged to support all actions taken by the assistant director. The auditor should:
Answer: B
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During a payroll audit of a large organization, an auditor noted that the assistant personnel director is responsible for many aspects of the computerized payroll system, including adding new employees in the system; entering direct-deposit information for employees; approving and entering all payroll changes; and providing training for system users. After discussions with the director of personnel, the auditor concluded that the director was not comfortable dealing with information technology issues and felt obliged to support all actions taken by the assistant director. The auditor should:
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Question 3
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The board asked the chief audit executive (CAE) to assume responsibility for a newly formed risk management function while retaining responsibility for the internal audit activity. The new function is comprised of both risk and compliance activities. How should next year's internal audit of the risk management function be performed?
Answer: B
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Question 4
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An employee is more likely to commit fraud if which of the following red flags are present?1. The employee believes that he is being underpaid and deserves a higher salary.2. The employee is close to retirement and has expressed a desire to take an expensive trip around the world.3. The employee has personal financial problems and seems very unhappy.4. The employee is spending much more time at the office than usual and has been asking about opportunities for professional advancement.
Answer: B
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Question 5
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Which of the following is a primary benefit of implementing a governance, risk management, and compliance framework within an organization?
Answer: D
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