Free IIA IIA-CIA-Part1 Practice Questions 2026 - Page 16

Which of the following tools would be most useful to an internal auditor performing an assessment of the effectiveness of the organization's risk responses?

A. Heat map.

B. Risk and control matrix.

C. Risk register.

D. Process map.

According to The IIA’s Code of Ethics, which of the following best describes the principle of integrity?

A. Auditors shall observe the law and make disclosures expected by the law and the profession

B. Auditors shall disclose all material facts known to them that if not disclosed may distort the reporting of activities under review

C. Auditors shall engage only in those services for which they have the necessary knowledge skills and experience

D. Auditors shall be prudent in the use and protection of information acquired in the course of their duties

Which of the following threatens internal audit objectivity'?

A. Internal auditors are expected by senior management to identify a minimum of five major control weaknesses in each area audited

B. Internal auditors are prevented from accessing information necessary to undertake their audit engagements

C. The chief audit executive reports directly to the chief financial officer who previously led the internal audit activity

D. The CEO requests the internal audit activity develop a charter that clearly delineates its purpose and responsibilities within the organization

Which of the following statements is true regarding consulting and assurance engagements performed by the internal audit activity'?

A. For both assurance and consulting engagements, the auditor must independently and objectively select the criteria for evaluation

B. For a consulting engagement, internal auditors and management jointly agree on the adequate criteria needed to evaluate governance, risk management, and controls. This is not true of assurance engagements

C. Engagement planning and fieldwork are similar for both types of engagements (there are no major differences) although the reporting process is different depending on which service is provided

D. For a consulting engagement objectives must address governance risk management and control processes to the extent agreed upon with the client. This is not true of assurance engagements

Which of the following statements is true regarding consulting engagements?

A. Internal auditors cannot provide consulting services related to operations for which they had previous responsibilities.

B. The nature of consulting services to be performed by internal auditors must be defined in the internal audit charter

C. If internal auditors have potential impairments to objectivity related to the proposed consulting engagement, the engagement must be declined.

D. If internal auditors lack the knowledge, skills, or other competencies needed to perform the consulting engagement, the engagement can proceed with proper disclosures.

Which of the following would show appropriate disclosure of nonconformance with the Standards?

A. The chief audit executive (CAE) documented in the personnel file a critical conflict of interest involving an internal auditor on an upcoming contracting engagement.

B. The CAE discussed with the board an issue regarding the internal audit activity performing an IT engagement without proper skills and knowledge.

C. The CAE met with the peer review team to discuss an internal auditor's failure to meet the annual requirements for continuing professional education.

D. The CAE revealed to operational managers that he failed to appropriately consider risks while he was developing the audit plan.

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.

Which of the following practices is generally most effective to protect internal audit objectivity?

A. Ensuring regular documentation of auditor skills and experience in the workpapers.

B. Basing performance evaluations heavily on customer satisfaction surveys.

C. Prohibiting auditors from accepting gifts from audit clients or potential clients.

D. Ensuring that auditors have a balance of both operational and internal audit responsibilities.

An organization is implementing a new cybersecurity policy and has established a committee to ensure stakeholder alignment across the organization's infrastructure, network, and security teams. The head of the committee has asked the chief audit executive if the internal audit activity could play a role in these efforts. According to HA guidance, which of the following is the most appropriate response?

A. It is not appropriate for the internal audit activity to play a role because its independence must be protected.

B. The internal audit activity should not participate because there are no IT auditors on staff.

C. The internal audit activity is knowledgeable about risk and therefore should prioritize the organization's responses and control activities for the committee.

D. The internal audit activity may assist the committee and consult with management on the organization's responses and control activities.

Which of the following situations is most likely to prompt the internal audit activity to disclose its nonconformance with the Standards?

A. One of the organization's senior internal auditors owns a side business, though to date, no sales have been made to this business.

B. The annual internal audit plan includes performance audits of main business processes, but reviews of high-risk development projects were not considered.

C. The internal audit activity committed to carrying out an audit of documentation on investment hedging, and a hedging expert was contracted to assist with the engagement.

D. A periodic quality self-assessment of the internal audit activity identified a number of improvement areas with regard to key performance indicators.