Latest IIA-CIA-Part1 Exam Questions

Which of the following factors should be considered when determining the appropriate
combination of manual techniques and computer-assisted audit techniques (CAATs) to be
used during an audit?
1.Acceptance of CAATs findings by entity management.
2.Computer knowledge and expertise of the auditor.
3.Time constraints.
4.Level of audit risk.

Which of the following is not an objective of internal control?

An internal auditor is using a spreadsheet application to review a cash flow forecast
prepared by management.
Which of the following correctly identifies the type of evidence this information represents?

Which of the following best ensures the independence of the internal audit activity?
1.The CEO and audit committee review and endorse any changes to the approved audit
plan on an annual basis.
2.The audit committee reviews the performance of the chief audit executive (CAE)
periodically.
3.The internal audit charter requires the CAE to report functionally to the audit committee.

An internal audit team is performing an audit of workplace accident claims.
Which of the following actions by the audit team best demonstrates due professional care?

According to IIA guidance,which of the following is not a responsibility of the chief audit
executive pertaining to documenting information to support internal audit engagement
results and conclusions?

Which of the following is a common type of payroll fraud?

An internal auditor is performing analytical reviews as part of an audit of a supermarket's
merchandising department. Because the economy has declined since midyear,the auditor
can expect to encounter which of the following?

An organization invests its savings in a volatile stock with the potential for high gains rather
than a mutual fund with a lower expected return and lower volatility. This best describes
which of the following risk concepts?

Which of the following control methods is effective in reducing the risk of purchasingscheme
fraud?
1.Periodically reviewing the vendor list for unusual vendors and addresses.
2.Segregating duties for amount purchasing,receiving,shipping,and accounting.
3.Validating sequential integrity of purchase orders.
4.Verifying the validity of invoices with post office box addresses.