Free Practice IIA IIA-CIA-Part1 Exam Questions 2025

Stay ahead with 100% Free Essentials of Internal Auditing IIA-CIA-Part1 Dumps Practice Questions

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Total 951 Questions | Updated On: Apr 21, 2025

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Question 1

An internal auditor is testing whether payments to outside contractors have been charged to the proper account. Which of the following sampling methods would be most useful in completing this task?

A : Haphazard sampling.

B : Probability-proportional-to-size sampling.

C : Attribute sampling.

D : Judgmental sampling.

Answer: C

Question 2

Which of the following is least likely to be considered material in an audit of a medium-sized organization?

A : A $1, 000 overstatement of the accrued-vacation payable account

B : A violation of a government statute

C : Fraud resulting in a cash loss to the organization.

D : An underpayment to the employee pension fund

Answer: A

Question 3

What conclusion can be reached by comparing a random sample of vendor invoices to purchase orders?

A : No duplicate invoices were received.

B : No duplicate payments were made.

C : Invoices were for authorized purchases.

D : Authorized invoices were paid.

Answer: C

Question 4

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

A : An 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 5

Which of the following process weaknesses is most likely to cause an internal auditor the most concern about fraud risk?

A : Final employee payroll list is belatedly sent to the bank for payment processing.

B : Employee salary is calculated by the payroll system without further verification.

C : Employee personal records in the permanent file are not updated in a timely manner.

D : Employee personal information in the payroll system could be updated without approval.

Answer: D

Page: 1 / 191

Total 951 Questions | Updated On: Apr 21, 2025

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