Online Access Free IIA-CIA-Part1 Practice Test

The accounting department asked the chief audit executive (CAE) to perform a review of suspicious transactions The CAE was an accounting manager for the organization six months ago How should she respond to the request?

• A.Accept, 11 is an assurance engagement, as she has been out of the department long enough to not impair objectivity.
• B.Inform the accounting department mat me engagement can take place m the future once she has been removed from accounting for a longer period of time.
• C.Accept, it is a consulting engagement with agreed-upon scope and services to be provided by me internal audit activity.
• D.Decline, if it is consulting engagement because she recently worked in the organization s accounting department

Which type(s) of assessments in an internal audit activity's quality assurance and improvement program requires ongoing monitoring to evaluate internal audit activity's efficiency and effectiveness?

• A.Neither internal nor external assessment
• B.internal assessment
• C.External assessment
• D.Both internal and external assessment

Which of the following is an indicator that the organization s risk management process is effective?

• A.The organization has adopted risk management frameworks and global models.
• B.The organization s risk appetite mission, and objectives are dearly outlined.
• C.The organization s risk management practices are assessed as mature.
• D.The organization s significant risks are identified and adequately assessed

Which of the following is the best example of a computer forensic audit activity?

• A.An internal auditor tried to circumvent the logical access controls of the purchasing system.
• B.An internal auditor compared vendor addresses to employee home addresses.
• C.An internal auditor recovered emails of an employee who was suspected of fraudulent activities
• D.An internal auditor used analytical software to trace all disbursements processed on weekends.

In which of the following scenarios would it be appropriate for the chief audit executive (CAE) to report that the internal audit activity conforms with the Standards?

• A.An internal self-assessment completed yesterday found that the internal audit activity did not conform with the Standards when carrying out its work. However, the preceding independent external assessment supports the conclusion that the internal audit activity conforms with the Standards.
• B.The results of the last external assessment of the internal audit activity, performed a little over five years ago, indicated that the internal audit activity conforms with the Standards. The most recent internal assessment performed within the past year also indicates conformance.
• C.To reduce costs, the CAE excluded the use of external assessors from the internal audit activity's quality assurance and improvement program for the past seven years.However, the CAE concluded that the internal audit activity conforms with the Standards because all internal assessments over the period have supported this conclusion.
• D.It A new internal audit activity was formed four years ago. An external assessment was never performed, but successive internal assessments were performed and support the conclusion that the internal audit activity conforms with the Standards