Free Access IIA.IIA-CIA-Part1.v2026-07-28.q398 Practice Test (Page 11)

Question 46

The internal audit activity is responsible for conducting fraud investigations. A potential fraud instance was identified during an audit engagement. The chief audit executive appoints a lead investigate. Which of the following would most likely be the next step?

A.Ask internal auditors to gather all relevant information evidence

B.Identify and interview witnesses first potential suspects later.

C.Conduct a fraud risk assessment to the most vulnerable areas.

D.Determine me competencies needed and assess whatever team members have a conflict of interest.

Question 47

Which of the following statements is true regarding the role of the internal audit activity in the organization's risk management process?

A.The internal audit activity should not be responsible for developing the organization's risk management framework, even with appropriate safeguards.

B.The internal audit activity is typically responsible for alerting operational management to emerging risks and changes in regulatory scenarios.

C.The internal audit activity should avoid giving assurance regarding the accuracy of risk evaluations if safeguards have not been implemented.

D.The internal audit activity may coach management on risk response scenarios if safeguards have been implemented.

Question 48

According to IIA guidance, which of the following statements regarding the internal audit charter is true?

A.The charter should describe the purpose and authority of the internal audit activity, consistent with the Standards.

B.The CEO periodically should assess whether the terms of the charter continue to be adequate.

C.The charter should define the consulting services that the internal audit activity is permitted to perform.

D.Senior management should approve the charter before it is submitted to the board.

Question 49

Which of the following describes a responsibility of operating management in an organization's corporate social responsibility (CSR) efforts?

A.Responsible for performing periodic internal self-verifications of reported CSR results.

B.Responsible for performing analysis and comparison of CSR reports and performance.

C.Responsible for ongoing CSR reporting and accomplishing of performance targets.

D.Responsible for implementing CSR principles and overseeing of CSR performance.

Question 50

According to HA guidance, if an internal auditor suspects fraud during an assurance engagement, what should the auditor do first?

A.Determine whether any additional audit work needs to be performed.

B.Request that the responsible process owner remediate the issue immediately.

C.Launch an investigation to obtain details of the fraud and parties involved.

D.Recommend parties involved to be sanctioned in accordance with the organization's policy.

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Question 46

Question 47

Question 48

Question 49

Question 50

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