Free Practice IIA IIA-CIA-Part1-3P Exam Questions 2025

Stay ahead with 100% Free CIA Exam Part One: Essentials of Internal Auditing IIA-CIA-Part1-3P Dumps Practice Questions

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Total 951 Questions | Updated On: Jun 03, 2025

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Question 1

Which of the following is correct regarding the implementation of a quality assurance and improvement program for the internal audit function?

A : The board has the primary responsibility for implementation of a robust quality assurance and improvement program for internal audit.

B : An internal audit function that is fully complying with internal assessment of quality can confidently claim it is performing in conformity with the International Professional Practices Framework.

C : The chief audit executive can establish a formal quality assurance and improvement program that is led by an audit manager.

D : A quality assurance and improvement program is applicable depending on the size and complexity of the audit function.

Answer: C

Question 2

Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?

A : Analytical review.

B : Inquiry

C : Document verification.

D : Observation

Answer: A

Question 3

Which of the following would have the least impact (either positive or negative) on an assessment of a department's control environment?

A : The department managed long-term investments, including investment in derivatives and other financial instruments, to maximize return.

B : The department manager sets a tone of honesty and integrity in all business dealings and this tone is emulated by department personnel.

C : Many department functions were duplicated or verified by other department employees as part of the department's normal procedures.

D : Audit tests designed to verify compliance with control procedures detected a general failure to follow standard procedures for transaction authorization.

Answer: A

Question 4

Which statement most accurately describes how criteria are established for use by internal auditors in determining whether goals and objectives have been accomplished?

A : Management is responsible for establishing the criteria.

B : Internal auditors should use professional standards or government regulations to establish the criteria.

C : The industry in which a company operates establishes criteria for each member company through benchmarks and best practices for that industry.

D : Appropriate accounting or auditing standards, including international standards, should be used as the criteria.

Answer: A

Question 5

An internal auditor used a questionnaire during an interview to gather information about the nature of credit sales processing. The questionnaire did not cover some pertinent information offered by the person being interviewed, and the auditor did not document the potential problems for further investigation. The primary deficiency with the above process is that:

A : The auditor failed to consider the importance of the information offered.

B : A questionnaire was used in a situation where a structured interview should have been used.

C : The use of a questionnaire precluded the auditor from documenting other information.

D : The engagement program was incomplete.

Answer: A

Page: 1 / 191

Total 951 Questions | Updated On: Jun 03, 2025

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