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Valid Test IIA-CIA-Part1 Braindumps - IIA-CIA-Part1 Exam Tutorial

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IIA-CIA-Part1 certification exam is a computer-based exam that consists of 125 multiple choice questions. Candidates are given 2.5 hours to complete the exam. IIA-CIA-Part1 Exam is available in multiple languages and can be taken at any Pearson VUE testing center worldwide. The passing score for the exam is 600 out of 800. Candidates who pass the exam are eligible to take the IIA-CIA-Part2 exam, which covers the practice of internal auditing.

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IIA-CIA-Part1 Exam Tutorial - IIA-CIA-Part1 Valid Exam Notes

We guarantee that this study material will prove enough to prepare successfully for the IIA-CIA-Part1 examination. If you prepare with our Essentials of Internal Auditing IIA-CIA-Part1 actual dumps, we ensure that you will become capable to crack the IIA IIA-CIA-Part1 test within a few days. This has helped hundreds of IIA IIA-CIA-Part1 Exam candidates. Applicants who have used our IIA IIA-CIA-Part1 valid dumps are now certified. If you also want to pass the test on your first sitting, use our IIA IIA-CIA-Part1 updated dumps.

To be eligible for the IIA-CIA-Part1 (Essentials of Internal Auditing) Exam, candidates are required to have a bachelor’s degree from an accredited institution or an equivalent combination of education and experience. Candidates must also have a minimum of two years of internal auditing experience or its equivalent. IIA-CIA-Part1 Exam consists of 125 multiple-choice questions and has a duration of two and a half hours.

IIA Essentials of Internal Auditing Sample Questions (Q632-Q637):

NEW QUESTION # 632
An internal auditor obtains spreadsheets created by the finance department of an organization.
The internal auditor contacts a third party about the source data that was utilized to create the spreadsheets before going on to perform a ratio analysis and a comparison of budget versus actual data. What is the most likely reason that the internal auditor involved a third party before performing further analysis?

A. To determine what future usage limitations the spreadsheets might have.
B. To determine if a later re-performance for testing mechanical accuracy would be possible.
C. To confirm that the spreadsheets could be used as a source of analytic data.
D. To obtain a reliable verification about the accuracy of the source data.

Answer: D

NEW QUESTION # 633
Which of the following activities aligns with The IIA's Core Principles for the Professional Practice of Internal Auditing?

A. Due to limited resources, internal auditors prioritize assurance on internal controls and risk management and exclude evaluating governance processes, which are deemed outside of their core responsibilities
B. Final reports from consulting engagements show the summary of findings, and the internal auditor's advice is clearly distinct and separate from management's decisions
C. Internal auditors rotate through operations and management positions then perform audit engagements on these areas to ensure timely application of their knowledge
D. The chief audit executive reports to senior management for compensation decisions and communications of audit results to the board

Answer: B

Explanation:
According to The IIA's Core Principles for the Professional Practice of Internal Auditing, one of the key principles is that internal auditors should be objective and free from undue influence (independence). The correct option that aligns with these principles is B, where final reports from consulting engagements provide a summary of findings and ensure that the auditor's advice is distinctly separated from management's decisions.
This separation supports the principle of objectivity and avoids conflicts of interest, which is fundamental in upholding the integrity and independence of the internal audit function.References:
* The IIA's Core Principles for the Professional Practice of Internal Auditing

NEW QUESTION # 634
Which of the following factors is most important for internal auditors to consider when prioritizing fraud risks?

A. The organization's code of conduct.
B. The organization's culture
C. The organization's code of ethics.
D. The organization's competition.

Answer: B

NEW QUESTION # 635
According to MA guidance, which of the following is true with regard to the internal audit charter?
1. It specifies the minimum resources needed for assurance engagements.
2. It requires final approval from senior management.
3. It defines the internal audit activity's authority and responsibilities.
4. It describes the expectations for communicating the results of a quality assurance and Improvement program.

A. 1.2. and 4.
B. 3 and 4 only.
C. 1 and 4 only.
D. 2. 3. and 4.

Answer: B

Explanation:
According to IIA guidance, the internal audit charter is a formal document that defines the internal audit activity's purpose, authority, and responsibility. It establishes the internal audit activity's position within the organization, including the nature of the chief audit executive's functional reporting relationship with the board; authorizes access to records, personnel, and physical properties relevant to the performance of engagements; and defines the scope of internal audit activities. Final approval of the internal audit charter is done by the board, not just senior management. Furthermore, the charter might describe the expectations for communicating the results of the quality assurance and improvement program, which ensures that the internal audit activity continues to operate effectively and efficiently.
IIA Standard 1000: Purpose, Authority, and Responsibility; and Standard 1300: Quality Assurance and Improvement Program.

NEW QUESTION # 636
Which of the following risk assessment tools would best facilitate the matching of controls to risks?

A. Control matrix.
B. Internal control questionnaire.
C. Program evaluation and review technique (PERT) analysis.
D. Control flowchart.

Answer: A

Explanation:
Section: Volume A
Explanation/Reference:

NEW QUESTION # 637
......

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