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: Apr 27, 2026

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Question 1

Which of the following definitions best describes enterprise risk management?

A : terprise risk management is narrower than internal control and focuses on managing the risk of loss resulting from external events.

B : terprise risk management is narrower than internal control and focuses on risk mitigation strategies across the enterprise.

C : terprise risk management is broader than internal control and focuses on risk identification and management, and assurance that business objectives will be met.

D : terprise risk management is broader than governance and internal control, and focuses on activities designed to ensure that risks are contained at a level

Answer: C

Question 2

Which of the following are appropriate ways to obtain continuous professional education?

1. Instructing at a local IIA training event.

2. Attending internal audit conferences and seminars.

3. Practicing specialized audit and consulting work.

4. Participating in research projects in internal auditing.

A : 1 and 3 only

B : 1 and 2 only

C : 3 and 4 only

D : 1, 2, and 4 only

Answer: D

Question 3

Management has implemented a segregation-of-duties policy for handling inventory. Which of the following fraud risks would be more concerning to an internal auditor following the implementation of this new policy?

A : risk of collusion between parties.

B : risk of falsified reconciliations.

C : risk of low-liquidity inventory.

Answer: B

Question 4

Which of the following best ensures the independence of the internal audit activity?

1. The CEO and audit committee review and endorse any changes to the approved audit plan on an annual basis.

2. The audit committee reviews the performance of the chief audit executive (CAE) periodically.

3. The internal audit charter requires the CAE to report functionally to the audit committee.

A : 3 only

B : 1 and 2 only

C : 2 and 3 only

D : 1, 2, and 3

Answer: C

Question 5

Which of the following is a consulting service the internal audit activity can perform with respect to the organization’s risk management?

A : Delivering assurance on the risk management system.

B : Facilitating risk assessment workshops.

C : aluating principal risk reporting.

D : ciding on the appropriate risk response.

Answer: B

Page: 1 / 191

Total 951 Questions | Updated On: Apr 27, 2026

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