IIA Essentials of Internal Auditing - IIA-CIA-Part1 Exam Practice Test
An internal audit activity is performing a governance engagement. Which of the following would provide the best evidence for an internal auditor when evaluating the organization's culture?
Correct Answer: D
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Which of the following is an example of a risk avoidance strategy?
Correct Answer: D
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Which of the following is an example of computer forensic auditing?
Correct Answer: A
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Management is installing security cameras to identify unauthorized physical access to the organization's warehouse. This is an example of which of the following types of controls?
Correct Answer: A
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Which of the following practices is generally most effective to protect internal audit objectivity?
Correct Answer: D
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According to IIA guidance, the internal audit activity must be free from interference in which of the following areas in order to maintain organizational independence?
Correct Answer: D
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An organization's board has approved an expansion plan into a new market. The board acknowledged that if the expansion is not successful, the organization would encounter large monetary losses consisting of legal fees, research and development costs, rent expenses, and labor fees. Which of the following has the board approved?
Correct Answer: C
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Prior to commencing a financial compliance engagement, the engagement supervisor reads the business plan for the finance department and meets informally with the director to learn more about any key issues. Which of the following competencies is the engagement supervisor demonstrating?
Correct Answer: D
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An internal auditor believes that a weakness exists in the control environment relating to the delegation of authority and responsibility within the management structure. Which of the following actions should the internal auditor first consider in this matter?
Correct Answer: C
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Which of the following best describes the risk created when a manager bypasses organizational policies and procedures in order to meet an organization's objective?
Correct Answer: D
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An auditor for a large wholesaler is evaluating the controls over the approval and oversight of credit sales.
Which of the following procedures would be a control weakness?
Which of the following procedures would be a control weakness?
Correct Answer: D
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Which of the following should be considered in developing a risk and control model for use in an engagement?
Correct Answer: B
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