Free Online IIA IIA-CIA-Part1-3P Practice Test

Prepare Your IIA IIA-CIA-Part1-3P Exam Questions with Free online IIA-CIA-Part1-3P Practice Test. Get Brilliant CIA Exam Part One: Essentials of Internal Auditing Exam Results with Valid IIA CIA Part1 3P Exam Dumps.

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Total 951 Questions | Updated On: May 13, 2024

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Question 1

The chief audit executive (CAE) is requested to complete an IT engagement within the year. The CAE determines that the internal audit activity does not currently have the required competencies for the engagement. Which of the following would be the most appropriate response?

A : Assign a staff member from the IT department to assist with the engagement.

B : Decline the engagement since the internal audit activity lacks the required competencies.

C : Recruit a new staff member from a competing organization who has the required competencies.

D : Recruit a finance department manager who recently transferred from the IT department.

Answer: A

Question 2

Which of the following is most likely to function as a directive control?

A : Security dogs.

B : Alert employees.

C : Insurance claims.

D : Cycle counts

Answer: B

Question 3

To enhance the independence of both the internal and external audit functions, audit committees should be composed of:

A : A rotating subcommittee of the board of directors or its equivalent.

B : A combination of external members of the board of directors and company officers.

C : Members from all important constituencies, specifically including representatives from banking, labor, regulatory agencies, shareholders, and officers.

D : Only external members of the board of directors or other similar oversight committees.

Answer: D

Question 4

Which of the following actions should the organization’s governing body perform to provide the most effective governance over the organization’s culture?

A : Coordinate control activities.

B : Provide direction.

C : Design key controls.

D : Deliver assurance.

Answer: B

Question 5

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

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Total 951 Questions | Updated On: May 13, 2024

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