Free IIA IIA-CIA-Part1 Exam Questions

Become IIA Certified with updated IIA-CIA-Part1 exam questions and correct answers

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Total 951 Questions | Updated On: Jan 08, 2025

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Question 1

Which of the following control methods is effective in reducing the risk of purchasing-scheme 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.

A : 1 and 2 only

B : 3 and 4 only

C : 1, 2, and 4 only

D : 1, 2, 3, and 4

Answer: B

Question 2

An employee is more likely to commit fraud if which of the following red flags are present?

1. The employee believes that he is being underpaid and deserves a higher salary.

2. The employee is close to retirement and has expressed a desire to take an expensive trip around the world.

3. The employee has personal financial problems and seems very unhappy.

4. The employee is spending much more time at the office than usual and has been asking about opportunities for professional advancement.

A : 1 and 2 only

B : 1 and 3 only

C : 3 and 4 only

D : 2 and 4 only

Answer: B

Question 3

Which of the following organizations has reached the most mature level of corporate social responsibility?

A : organization that is able to provide goods and services society needs and thus maximizes profit to its owners.

B : An organization that ensures compliance to legal frameworks of the countries in which it operates and sells its products.

C : . An organization that is willing to make contributions not mandated by law or economics and expects no payback.

D : An organization that requires its decision makers to act with equity, fairness, and respect for the rights of individuals.

Answer: D

Question 4

During a payroll audit of a large organization, an auditor noted that the assistant personnel director is responsible for many aspects of the computerized payroll system, including adding new employees in the system; entering direct-deposit information for employees; approving and entering all payroll changes; and providing training for system users. After discussions with the director of personnel, the auditor concluded that the director was not comfortable dealing with information technology issues and felt obliged to support all actions taken by the assistant director. The auditor should:

A : ntinue to follow the engagement program because the engagement scope and objectives have already been discussed with management.

B : view the engagement program to ensure testing of direct deposits to employee bank accounts is adequately covered.

C : commend to the chief audit executive that a fraud investigation be started.

D : t a sample of payroll changes to ensure that they were approved by the assistant director before being processed.

Answer: B

Question 5

Which of the following would not be a factor for senior management to consider when determining the internal audit activity's role in an organization's risk management process?

A : extent to which the internal audit activity is outsourced.

B : maturity level of risk management practices in the organization.

C : competency of the internal auditors in risk management.

D : nature of the business and the environment in which the organization operates.

Answer: A

Page: 1 / 191

Total 951 Questions | Updated On: Jan 08, 2025

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