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

Become IIA Certified with updated IIA-CIA-Part1-3P exam questions and correct answers

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Total 951 Questions | Updated On: Jun 16, 2026

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Question 1

Which of the following characteristics could indicate high risk?

A : nagement decisions are made by a committee of mid to higher level management personnel.

B : company is not in a rapidly growing industry.

C : company's profitability is lower than the industry norm.

D : nagement turnover has been very low.

Answer: C

Question 2

What is the main difference between a consulting engagement versus an assurance engagement?

A : nature of services provided are defined in the internal audit charter.

B : ternal auditors must maintain objectivity while performing their work.

C : objectives and scope of the engagement typically are directed by management.

D : ternal auditors may assume management responsibilities.

Answer: C

Question 3

An internal audit activity encounters a scope limitation from senior management that will affect its ability to meet its goals and objectives for a potential engagement client. The nature of the scope limitation should be.

A : ted in the audit workpapers, but the engagement should be carried out as scheduled, with any necessary adjustments made based on the scope limitation.

B : mmunicated to the external auditors so that they can investigate the area in more detail.

C : mmunicated, preferably in writing, to the board.

D : mmunicated to management, stating that the limitation will not be accepted because it would impair the audit activity's independence.

Answer: C

Question 4

A chief audit executive (CAE) for a specialty retailer is asked by management to review the controls in place to manage their electronic funds transfer process.

The internal audit activity has no experience with similar engagements. What is the most appropriate course of action for the CAE to take?

A : an the engagement and begin fieldwork using existing staff.

B : tempt to discourage management from the request.

C : re an outside consulting firm to assist with the engagement.

D : fer the audit until current staff can be appropriately trained.

Answer: C

Question 5

An internal auditor is reviewing tender documents for a maintenance contract. She notices that the bidder who won a recent tender has been winning tenders for the past decade despite many other qualified and well-established maintenance companies participating in the tender bids. The price offers from this bidder are consistently slightly lower than other bidders' prices, and this bidder always submits their bid just before the deadline. How should the auditor respond to these findings?

A : ize the laptops of employees related to the tender to secure a chain of custody

B : rry out a forensic examination of tender documents and submitted offers to identify signs of falsification.

C : nduct a guilt-admission interview with the procurement specialist who has most likely leaked prices of other bidders.

D : nsult the organizational fraud response plan and notify her supervisor of the potential red flags.

Answer: D

Page: 1 / 191

Total 951 Questions | Updated On: Jun 16, 2026

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