[2023] Free IIA-CIA-Part1 Exam Dumps to Pass Exam Easily
IIA-CIA-Part1 Exam Dumps, IIA-CIA-Part1 Practice Test Questions
Registration steps of IIA-CIA-Part1 Exam
Step 1: Visit to IIA-CIA-Part1 Exam Registration
Step 2: Signup/Login to IIA account
Step 3: Search for IIA-CIA-Part1 Exam
Step 4: Select Date and Center of examination and confirm with payment value of $435
NEW QUESTION 176
Which of the following is not considered one of the most common red flags for perpetrators of fraud?
- A. Unusually close association with customers.
- B. Repeat performance issues.
- C. Experiencing financial difficulty.
- D. Excessive control issues.
Answer: B
NEW QUESTION 177
An internal auditor notes that employees are able to download files from the internet. According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?
- A. Utilize secure socket layer encryption.
- B. Utilize dedicated and encrypted network connections.
- C. Install a software inventory management application.
- D. Apply antivirus and patch management software.
Answer: C
Explanation:
Section: Volume E
NEW QUESTION 178
Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?
- A. Implement a hedging strategy.
- B. Hire a risk consultant.
- C. Maintain a large foreign currency balance.
- D. Insist that customers only pay in a stable currency.
Answer: A
NEW QUESTION 179
At what point in time can an organization conclude that the established organizational governance framework was correctly implemented?
- A. When the internal auditor conducts observations and fieldwork.
- B. When the internal auditor evaluation shows its soundness.
- C. When the organization's goals and objectives are met.
- D. When management completes the risk assessment.
Answer: A
NEW QUESTION 180
Which of the following are acceptable resources for a chief audit executive to use when developing a staffing plan?
1. Co-sourcing arrangements.
2. Employees from other areas of the organization.
3. The organization's external auditors.
4. The organization's audit committee members.
- A. 1 only
- B. 1, 2, and 4 only
- C. 2 and 3 only
- D. 1 and 2 only
Answer: D
Explanation:
Section: Volume C
Explanation
NEW QUESTION 181
A company has established its environmental audit activity as part of its legal department rather than part of its internal audit activity, which reports to the audit committee. The board has requested that the chief audit executive (CAE) provide an annual opinion on whether environmental risks are being properly addressed. In these circumstances, the CAE should recommend to the audit committee that the internal audit activity:
- A. Review the recommendations in all environmental audit reports.
- B. Periodically carry out a quality assessment of the environmental audit activity.
- C. Discuss with the environmental auditors the results of their reviews.
- D. Include a review of environmental issues in some internal audit engagements.
Answer: B
Explanation:
Section: Volume B
NEW QUESTION 182
Internal auditors can benefit from a strong relationship with the external auditors because external auditors can:
- A. Concur with the internal auditors' reports and thus improve the quality of assurance provided to management.
- B. Provide internal auditors with an independent and knowledgeable viewpoint.
- C. Increase the effectiveness of internal control sampling techniques.
- D. Assist the internal auditor by providing information obtained from similar audits with other clients.
Answer: B
Explanation:
Section: Volume B
NEW QUESTION 183
Which of the following statements describes impairment to the internal auditor's objectivity?
- A. An internal auditor receives a promotional gift that is available to the organization's employees.
- B. An internal auditor reduces the scope of an audit engagement due to budget restrictions.
- C. An internal auditor reviews a purchasing agent's contract drafts prior to their execution.
- D. An internal auditor performs an assessment of the operations for which he was recently responsible.
Answer: D
NEW QUESTION 184
Which of the following characteristics could indicate high risk?
- A. The company's profitability is lower than the industry norm.
- B. Management turnover has been very low.
- C. Management decisions are made by a committee of mid to higher level management personnel.
- D. The company is not in a rapidly growing industry.
Answer: A
NEW QUESTION 185
Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?
- A. The CAE completes an engagement working paper checklist.
- B. The CAE initials and dates every working paper after it has been reviewed.
- C. The CAE prepares a memorandum discussing the results of the working paper review.
- D. The CAE utilizes an external third party to make an objective recommendation after each working paper review.
Answer: D
NEW QUESTION 186
It is important for a chief audit executive to seek formal approval from the board regarding an internal audit charter so that:
- A. The status of the internal audit activity can be more clearly established.
- B. The effectiveness of the internal audit activity can be measured.
- C. There is assurance that all internal audit activities will be completed.
- D. Improvements can be implemented in internal audit processes.
Answer: A
NEW QUESTION 187
A company's chief audit executive determines that the internal audit staff does not have the requisite skills to conduct an audit of the financial derivatives area. Which of the following actions would be the least acceptable?
- A. Employ the skills of a financial derivatives expert to consult on the project, and supplement the consulting with a local seminar on financial derivatives.
- B. Notify the audit committee of the problem and consult with them regarding outsourcing the audit engagement to a qualified external auditing firm.
- C. Notify the audit committee of the problem and assign the most competent auditors to perform the audit engagement.
- D. Determine the requisite knowledge needed and obtain the proper training for auditors if such training is available within the appropriate time framework outlined by the audit committee.
Answer: C
NEW QUESTION 188
An internal auditor prepared a workpaper that consisted of a list of employee names and identification numbers as well as the following statement:
"A statistical sample of 40 employee personnel files was selected to verify that they contain all documents required by company policy 501 (copy attached). No exceptions were noted."
The auditor did not place any audit verification symbols on this workpaper. Which of the following changes would most improve the auditor's workpaper?
- A. Use of audit verification symbols to show that each file was examined.
- B. Removal of the employee names to protect their confidentiality.
- C. Justification for the sample size.
- D. Listing of the actual documents examined for each employee.
Answer: C
NEW QUESTION 189
Human resources and payroll are separate departments. Which of the following combinations would provide the best segregation of duties?
- A. Human resources personnel add employees, review and submit payroll hours to the payroll department for processing, and deliver paychecks to employees.
- B. Payroll personnel add employees and enter employee bank account numbers but process hours only as approved by the human resources department. Paychecks are automatically deposited in the employee's bank account.
- C. Human resources personnel add employees, and payroll personnel process hours and enter employee bank account numbers. Paychecks are automatically deposited in the employee's bank account.
- D. Human resources personnel add employees, payroll personnel process hours, and human resources personnel deliver paychecks to employees.
Answer: C
NEW QUESTION 190
A chief audit executive has reported to the board that the internal audit activity is lacking financial accounting knowledge for specific audit projects. Upon approval from the board which of the following hiring approaches is best in this situation?
- A. A full-time permanent recruitment
- B. An inbound rotational program
- C. An outbound rotational program
- D. A guest auditor program
Answer: D
NEW QUESTION 191
An organization is implementing a new cybersecurity policy and has established a committee to ensure stakeholder alignment across the organization's infrastructure, network, and security teams. The head of the committee has asked the chief audit executive if the internal audit activity could play a role in these efforts.
According to HA guidance, which of the following is the most appropriate response?
- A. The internal audit activity should not participate because there are no IT auditors on staff.
- B. It is not appropriate for the internal audit activity to play a role because its independence must be protected.
- C. The internal audit activity may assist the committee and consult with management on the organization's responses and control activities.
- D. The internal audit activity is knowledgeable about risk and therefore should prioritize the organization's responses and control activities for the committee.
Answer: C
NEW QUESTION 192
Which of the following might alert an internal auditor to the possibility of fraud in a division?
The division is not scheduled for an external audit this year.
Sales have increased by 10 percent.
A significant portion of management's compensation is directly tied to reported net income of the division.
- A. 1 only
- B. 1 and 2 only
- C. 1,2,and 3
- D. 3 only
Answer: D
NEW QUESTION 193
Which of the following is least likely to be considered material in an audit of a medium-sized organization?
- A. An underpayment to the employee pension fund.
- B. Fraud resulting in a cash loss to the organization.
- C. A $1, 000 overstatement of the accrued-vacation payable account.
- D. A violation of a government statute.
Answer: C
NEW QUESTION 194
Which of the following best describes the procedures used by the representatives of an organization's stakeholders to provide oversight of the processes administered by management?
- A. Monitoring
- B. Control
- C. Governance
- D. Risk management
Answer: C
NEW QUESTION 195
Which of the following sources of evidence would be least persuasive regarding potential waste and inefficiency on the part of a contractor?
- A. A walk-through of the contractor's manufacturing and development facilities.
- B. A comparison of contract expenses with those of similar projects.
- C. The contractor's certification that it has not incurred any waste or inefficiencies.
- D. An examination of the nature of contract expenses incurred.
Answer: C
NEW QUESTION 196
A credit card company detects potential errors in credit card numbers by checking whether all entered numbers contain the correct amount of digits. This is an example of which of the following
IT controls?
- A. Balancing control activities.
- B. Logic test.
- C. Data integrity tests.
- D. Check digits.
Answer: B
NEW QUESTION 197
An organization's chief audit executive (CAE) has been asked to monitor and report on any violations of the organization's code of conduct.
The CAE should:
- A. Participate in an advisory capacity on the committee that adjudicates any violations.
- B. Lead the committee responsible for the oversight of the code.
- C. Review and adjudicate all complaints.
- D. Develop specific procedures to ensure that the code is clearly communicated to all employees.
Answer: A
NEW QUESTION 198
......
What are the IIA-CIA-Part1 Exam
No matter where you are in your profession, the CIA offers you even more career opportunities.
Everyone in the internal audit market recognizes what it takes to be a CIA, they will see it much more positively when you do. Their respect for you will certainly increase today, as will your confidence in your experience.
The IIA has high requirements for certified internal auditors. He wants potential CIA clients to demonstrate all the skills and abilities necessary to fulfill current placement obligations. Therefore, the IIA established several requirements of the CIA. Additionally, many of these qualified internal auditor certifications are quite involved in the experience and evaluation needs.
The CIA is the only identified internal audit accreditation in the world, so it is the best way to interact with your internal accounting skills. Furthermore, the CIA is the only essential designation in the internal audit career and its value does not diminish from country to country.
One of the most interesting elements of the CIA certification is the income of the certified internal auditor. As a CIA, you won't have to work for financial security alone. Rather, you can rejoice in financial success.
What are the problems facing in writing the IIA-CIA-Part1 Exam
There are many problems a Prospect encountered when Prospects start preparing for the IIA-CIA-Part1 Exam. If a candidate wants to prepare his for the IIA-CIA-Part1 Exam without any problem and also get excellent grades in the After that they need to select the very best IIA-CIA-Part1 exam dumps genuine concerns method. There are many internet sites that are offering the most recent IIA-CIA-Part1 Exam questions as well as responses but these concerns are not verified by Microsoft accredited professionals which's why numerous are fallen short in their simply initial attempt.Exams4Collection is the very best platform which gives the candidate with the essential IIA-CIA-Part1 concerns that will certainly assist him to pass the IIA-CIA-Part1 on the first time. The prospect will certainly not have to take the IIA-CIA-Part1 twice due to the fact that with the help of the IIA-CIA-Part1 exam dumps Candidate will certainly have every important product required to pass the IIA-CIA-Part1 Exam. We are providing the most up to date as well as real inquiries and that is the reason that this is the one that he needs to use and there are no chances to fail when a candidate will have valid brain discards from Exams4Collection. We have the assurance that the concerns that we have will certainly be the ones that will pass prospect in the IIA-CIA-Part1 Exam in the really first attempt.
IIA-CIA-Part1 Exam Dumps, IIA-CIA-Part1 Practice Test Questions: https://www.exams4collection.com/IIA-CIA-Part1-latest-braindumps.html
Free IIA-CIA-Part1 Study Guides Exam Questions and Answer: https://drive.google.com/open?id=1fOZfv80Vv655S24c9_1a3qysvkxa5Wf3
