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IIA-CIA-Part1 Exam Questions
- Topic 1: Develop preliminary conclusions regarding controls/ Recognize the importance of organizational independence
- Topic 2: Recognize and mitigate impairments to independence and objectivity/ Process Mapping, Including Flowcharting
- Topic 3: Determine if the required knowledge, skills, and competencies are available/ Maintain independence and objectivity
- Topic 4: Monitor the effectiveness of the quality assurance and improvement program/ Understand organizational independence
- Topic 5: Enhance individual competency through continuing professional development/ Abide by and promote compliance with The IIA Code of Ethics
- Topic 6: Conduct interviews as part of a preliminary survey of the engagement area/ Establish policies to promote objectivity
- Topic 7: Develop and implement an organization-wide risk and control framework/ Understand the knowledge, skills, and competencies that an internal auditor needs to possess
- Topic 8: Promote quality assurance and improvement of the internal audit activity/ Develop and/or procure necessary knowledge, skills and competencies collectively
- Topic 9: Internal Control Framework Characteristics and Use/ Define purpose, authority, and responsibility of the internal audit activity
- Topic 10: Determine if the internal audit activity is properly aligned to achieve organizational independence/ Promote continuing professional development
Free IIA IIA-CIA-Part1 Exam Actual Questions
Note: Premium Questions for IIA-CIA-Part1 were last updated On Apr. 03, 2025 (see below)
According to IIA guidance, which of the following statements regarding the internal audit charter is true?
According to the IIA's guidelines, the internal audit charter should clearly define the internal audit activity's position within the organization. This is essential to establish the authority and scope of the internal audit function, ensuring that it has the necessary independence and resources to fulfill its duties effectively. Reference: The Institute of Internal Auditors (IIA) guidelines on internal audit charter.
A new internal auditor was recently recruited to the internal audit activity from the organization's finance department. What is likely to be the chief audit executive's greatest concern regarding assigning the new auditor to upcoming audits in the finance department?
The IIA emphasizes the need for internal auditors to maintain independence and avoid situations that might impair objectivity. Assigning a recent finance employee to audit finance-related activities may lead to actual or perceived conflicts of interest, compromising the integrity of the audit findings.
According to IIA guidance, which of the following would be the most appropriate to help a new internal auditor understand the nature and positioning of the internal audit activity within his organization?
The internal audit charter provides a formal definition of the internal audit activity's purpose, authority, and responsibility. It is foundational for helping new auditors understand their role and how internal audit functions within the organization.
Which level of corporate social responsibility does whistleblowing in companies primarily support?
Whistleblowing is aligned with ethical responsibility, encouraging transparency and ethical behavior within organizations. IIA guidance on corporate social responsibility emphasizes that ethical responsibility involves safeguarding stakeholders' interests.
Which of the following circumstances would most likely be considered a potential red flag for fraud by the internal audit activity?
An increase in nonroutine journal entries is a classic red flag for potential fraud, as such entries may be used to adjust financials inappropriately. IIA guidance identifies unusual patterns in financial transactions as significant indicators of potential fraud risks.
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