Free IIA IIA-CIA-Part1 Practice Questions 2026 - Page 5

The head of human resources notified the internal audit activity that a key account manager was fired because he did not register a large number of contracts with clients As a result the organization was unaware of its duties and would suffer some financial loss Which of the following should be expected from a competent internal auditor who is analyzing this situation?

A. The ability to apply forensic methods to obtain legally admissible evidence

B. The ability to conduct admission-seeking interviews with potential suspects

C. The ability to evaluate whether such attributes as intent and personal gain were present

D. The ability to retrieve concealed or deleted information from the former employee's laptop

A risk assessment showed that the cost of addressing a particular risk in the organization's human resources department is greater than the perceived benefit. Which risk response approach should the organization take in this scenario?

A. Reduce the risk.

B. Transfer the risk.

C. Accept the risk.

D. Share the risk.

According to MA guidance, which of the following best describes how often the chief audit executive should review the quality assurance and improvement program of the internal audit activity?

A. Whenever the business objectives of the organization change

B. Just prior to an external assessment of the internal audit activity

C. At the completion of each engagement.

D. Progressively on a day-to-day basis

In order for an internal auditor to assess the opportunity for fraud to occur in an organization, which of the following does the auditor first need to understand?

A. Fraud prevention.

B. Fraud detection.

C. Corporate culture.

D. Forensic analysis techniques.

During an audit of an organization's accounts payable area, an internal auditor identified anomalies in the information examined that may indicate potential fraud. Which test should the auditor perform first to verify this?

A. Verify the completeness and integrity of the data being analyzed.

B. Identify duplicated organizational transactions.

C. Analyze all transactions within the targeted area.

D. Check control totals that have may have been falsified.

Which of the following documents would promote objectivity within an organization's internal audit activity?

A. Internal audit charter.

B. Internal audit manual.

C. Audit committee charter

D. Human resources employee handbook.

According to IIA guidance, which of the following training methods is considered most effective in assisting new entry-level internal auditors in achieving competence with internal audit practices in the workplace?

A. Pursuance of an internal audit certification.

B. Enrollment in internal audit practice webinars.

C. Attendance of internal audit workshops.

D. Involvement in a variety of audit assignments.

Which of the following actions best demonstrates an internal auditor exercising due professional care?

A. Testing an entire population, even when a sample would suffice

B. Using technology and data analysis techniques for efficiency

C. Enhancing knowledge, skills, and other competencies through professional development

D. Establishing audit objectives, performing audit tests, and implementing missing controls

To comply with the proficiency standard which of the following would the chief audit executive likely consider as the primary hiring criterion when choosing a new internal auditor?

A. The length and consistency of the auditor's work experience

B. The auditor's demonstrated problem-solving skills

C. The auditor's skills compared to those already possessed by other audit staff

D. The auditor's ability to be self motivated and a good team player

An external assessment of an organization's internal audit activity was last completed four years ago Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

A. The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor

B. The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity

C. An external auditor conducts an audit of the organization which includes information about the internal audit activity

D. The chief audit executive schedules a self-assessment and the board approves the results