To prepare for the IIA-CIA-Part1 CIA Exam Part One: Essentials of Internal Auditing exam, you should familiarize yourself with the exam content outline and the exam format. The exam content outline is a comprehensive list of the topics covered on the exam and the relative weight of each topic. In addition to studying the exam content, it is important to also prepare for the exam format and manage your time effectively during the exam. You may study PassQuestion CIA exam Part 1 IIA-CIA-Part1 Practice Test Questions to get a feel for the pace of the exam and to identify areas where you need to spend more time studying.
Part 1 – Essentials of Internal Auditing
The revised CIA exam Part 1 is well aligned with The IIA’s International Professional Practices Framework (IPPF) and includes six domains covering the foundation of internal auditing; independence and objectivity; proficiency and due professional care; quality assurance and improvement programs; governance, risk management, and control; and fraud risk. Part One tests candidates' knowledge, skills, and abilities related to the International Standards for the Professional Practice of Internal Auditing, particularly the Attribute Standards (series 1000, 1100, 1200, and 1300) as well as Performance Standard 2100.
Successfully completing the IIA-CIA-Part1 exam is the first step in obtaining the Certified Internal Auditor (CIA) designation. To earn the CIA, candidates must also pass the IIA-CIA-Part2 and IIA-CIA-Part3 exams, and meet the IIA's requirements for professional experience and ethics.
I. FOUNDATIONS OF INTERNAL AUDITING (15%)
II. INDEPENDENCE AND OBJECTIVITY (15%)
III. PROFICIENCY AND DUE PROFESSIONAL CARE (18%)
IV. QUALITY ASSURANCE AND IMPROVEMENT PROGRAM (7%)
V. GOVERNANCE, RISK MANAGEMENT, AND CONTROL (35%)
VI. FRAUD RISKS (10%)
View Online CIA Exam Part One: Essentials of Internal Auditing IIA-CIA-Part1 Free Questions
1. The management at a national consumer goods organization implements a fair work and pay practice as well as a policy to treat employees equitably and consistently. Which common characteristics of fraud will the practice and policy most likely reduce?
A.Pressure or incentive.
2. During an audit engagement, the internal auditor discussed a risk mitigation recommendation with the manager of the area under review. The manager disagreed with the risk assessment and recommendation. The two failed to come up with an alternative solution, and the auditor decided to proceed with including the original recommendation in the engagement report. Which of the following is especially important in dealing with this type of situation?
A.Soft skills in communication, negotiation, and collaboration.
B.Technical skills in the area under review.
C.Professional qualifications and certification in internal auditing.
D.Confidentiality and independence.
3. A chief audit executive (CAE) is reviewing the internal audit activity's performance and is concerned that the average number of revisions to findings is steadily rising, making it increasingly difficult to trace the finding to the supporting evidence and workpapers. According to MA guidance, which of the following elements of the internal audit activity's quality assurance and improvement program would provide the CAE with the most helpful insight into the cause of this problem?
A.The overall effectiveness of the internal audit activity's periodic self assessments.
B.The type of audit productivity and performance statistics reported.
C.The adequacy of the day-to-day supervision and review process.
D.The scope and frequency of external assessments.
4. Which of the following is a detective control strategy against fraud?
A.Requiring employees to attend ethics training.
B.Performing background checks on employees.
C.Implementing a control self-assessment.
D.Performing a surprise audit.
Answer : D
5. 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'?
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
6. Which of the following best demonstrates the authority of the internal audit activity?
A.Suggesting alternatives to decision makers.
B.Improving the integrity of information.
C.Determining the scope of internal audit services
D.Achieving engagement objectives.