Free Access IIA.IIA-CIA-Part1.v2024-09-23.q699 Practice Test (Page 11)

Question 46

Feedback on engagements from audit clients, annual benchmarking of the internal audit activity's (IAA's) performance against best practice, and analyses of project budgets and audit plan completion are all tools that can best be used by the IAA for which purpose?

A.Completing internal assessments.

B.Determining the level of residual risk.

C.Identifying conflicts of interest.

D.Developing control processes.

Question 47

Regarding an organization's decision to retain an external audit firm, the chief audit executive (CAE) should:

A.Not be involved in this decision process as it would compromise the CAE's objectivity.

B.Assist the audit committee by facilitating the development of an appropriate evaluation process.

C.Work with the organization's chief financial officer to evaluate the external auditor's performance and together make the decision.

D.Evaluate the external auditor's performance and retain the external auditor if quality and cost criteria are met.

Question 48

Which of the following statements is true about The IIA Global Internal Audit Competency Framework?

A.The framework lists the core competencies internal auditors should possess before attempting to attain The IIA's Certified Internal Auditor certification.

B.The core competencies outlined in the framework are not expected of a person undertaking an entry-level position as an internal auditor.

C.The framework describes competencies needed for individual internal auditors, but not those necessary at the chief audit executive level.

D.The framework is designed to be used primarily by chief audit executives that are developing indicators to measure the performance of the internal audit activity for which they are responsible.

Question 49

Which of the following is an example of a risk avoidance strategy?

A.Hedging against exchange rate variations.

B.Limiting access to an organization's data center.

C.Selling a nonstrategic business unit.

D.Outsourcing a high-risk activity

Question 50

At the beginning of an IT development project key risks were identified and assessed and risk owners were appointed Six months later the IT development team reported that the project Is significantly over budget, it will not be completed on time and key personnel had left the organization. Which of the following risk management practices should be improved for future projects?

A.Risk avoidance.

B.Risk monitoring.

C.Risk response.

D.Risk assessment

Other Version: 1357IIA.IIA-CIA-Part1.v2026-07-28.q398; 5063IIA.IIA-CIA-Part1.v2025-05-21.q605; 3396IIA.IIA-CIA-Part1.v2023-11-09.q158; 3829IIA.IIA-CIA-Part1.v2023-04-17.q104; 8323IIA.IIA-CIA-Part1.v2023-03-29.q231; 5202IIA.IIA-CIA-Part1.v2023-02-22.q207; 5625IIA.IIA-CIA-Part1.v2023-02-14.q152; 5386IIA.IIA-CIA-Part1.v2023-02-01.q147; 4563IIA.IIA-CIA-Part1.v2022-07-16.q118; 5736IIA.IIA-CIA-Part1.v2022-02-22.q141; 126IIA.Prepawayete.IIA-CIA-Part1.v2021-09-10.by.earl.163q.pdf

Latest Upload: 265Snowflake.DEA-C01.v2026-09-04.q215; 188HP.HPE0-V27.v2026-09-04.q127; 200NAHQ.CPHQ.v2026-09-03.q481; 119SAP.C-S4CPB-2602.v2026-09-02.q7; 127Cisco.700-805.v2026-09-02.q86; 164MSSC.CLT-4.0.v2026-09-02.q43; 131Fitness.NCSF-CPT.v2026-09-02.q18; 202Google.Generative-AI-Leader.v2026-09-02.q77; 147PECB.ISO-14001-Lead-Auditor.v2026-09-01.q39; 133Google.GCP-DE.v2026-09-01.q27

Question 46

Question 47

Question 48

Question 49

Question 50

Download PDF File