Amazon
Avaya
Cisco
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL
Juniper
Microsoft
NVIDIA
Okta
Palo Alto Networks
Salesforce
SAP
ServiceNow
All Vendors
  1. Home
  2. IIA
  3. IIA-CIA-Part1

IIA IIA-CIA-Part1 Exam (page: 20)
IIA CIA Part 1 - Essentials of Internal Auditing
Updated on: 16-Feb-2026

Viewing Page 20 of 115
IIA-CIA-Part1 PDF 1175 Questions



As we head into the last 5 weeks of distance learning we would like to encourage all students to respond to the Music and PE activities that are scheduled on the timetable throughout the week. You do not have to respond or complete the activity on that day but within the week is encouraged. 
 
We completely understand that parents have pressures and work commitments. However, if it all possible please ensure you respond in the seesaw activity, This is required once a week only. The response required is brief and often will only take a few minutes. (Check the instructions for that lesson - outlined in the seesaw activity).

Regarding an organization's decision to retain an external audit firm, the chief audit executive (CAE) should:

  1. Work with the organization's chief financial officer to evaluate the external auditor's performance and together make the decision.
  2. Not be involved in this decision process as it would compromise the CAE's objectivity.
  3. Evaluate the external auditor's performance and retain the external auditor if quality and cost criteria are met.
  4. Assist the audit committee by facilitating the development of an appropriate evaluation process.

Answer(s): D






As we head into the last 5 weeks of distance learning we would like to encourage all students to respond to the Music and PE activities that are scheduled on the timetable throughout the week. You do not have to respond or complete the activity on that day but within the week is encouraged. 
 
We completely understand that parents have pressures and work commitments. However, if it all possible please ensure you respond in the seesaw activity, This is required once a week only. The response required is brief and often will only take a few minutes. (Check the instructions for that lesson - outlined in the seesaw activity).

Which of the following would provide the most reliable information on the risk associated with an auditable activity?

  1. Event scenarios with regression analysis.
  2. Past audit findings and instances of management failures.
  3. Consequences and economic predictability of loss.
  4. Management assessment and corroboration by the internal audit activity.

Answer(s): D






As we head into the last 5 weeks of distance learning we would like to encourage all students to respond to the Music and PE activities that are scheduled on the timetable throughout the week. You do not have to respond or complete the activity on that day but within the week is encouraged. 
 
We completely understand that parents have pressures and work commitments. However, if it all possible please ensure you respond in the seesaw activity, This is required once a week only. The response required is brief and often will only take a few minutes. (Check the instructions for that lesson - outlined in the seesaw activity).

At the beginning of fieldwork in an audit of investments, an internal auditor noted that the interest rate had declined significantly since the engagement work program was created. The auditor should:

  1. Proceed with the existing program since this was the original scope of work that was approved.
  2. Modify the audit program and proceed with the engagement.
  3. Consult with management to verify the interest rate change and proceed with the engagement.
  4. Determine the effect of the interest rate change and whether the program should be modified.

Answer(s): D






As we head into the last 5 weeks of distance learning we would like to encourage all students to respond to the Music and PE activities that are scheduled on the timetable throughout the week. You do not have to respond or complete the activity on that day but within the week is encouraged. 
 
We completely understand that parents have pressures and work commitments. However, if it all possible please ensure you respond in the seesaw activity, This is required once a week only. The response required is brief and often will only take a few minutes. (Check the instructions for that lesson - outlined in the seesaw activity).

In publicly held companies, management often requires the internal audit activity's involvement with quarterly financial statements that are made public and used internally. Which of the following is generally not a reason for such involvement?

  1. Management may be concerned about its reputation in the financial markets.
  2. Management may be concerned about potential penalties that could occur if quarterly financial statements are misstated.
  3. The Standards state that internal auditors should be involved with reviewing quarterly financial
    statements.
  4. Management may perceive that having quarterly financial information examined by the internal auditors enhances its value for internal decision making.

Answer(s): C






As we head into the last 5 weeks of distance learning we would like to encourage all students to respond to the Music and PE activities that are scheduled on the timetable throughout the week. You do not have to respond or complete the activity on that day but within the week is encouraged. 
 
We completely understand that parents have pressures and work commitments. However, if it all possible please ensure you respond in the seesaw activity, This is required once a week only. The response required is brief and often will only take a few minutes. (Check the instructions for that lesson - outlined in the seesaw activity).

Overall audit efficiency is enhanced between the internal and external audit functions when:

  1. Internal audit coverage is reduced to avoid potential conflicts of interest.
  2. Audits of the same department are conducted at different times.
  3. The internal audit department reviews functions or departments prior to the external audit.
  4. External audit scope is reduced based on the internal audit department's activities.

Answer(s): D



Viewing Page 20 of 115



Share your comments for IIA IIA-CIA-Part1 exam with other users:

Ahmed Hashi 7/6/2023 5:40:00 PM

thanks ly so i have information cia
EUROPEAN UNION


Zaynik 9/17/2023 5:36:00 AM

questions and options are correct, but the answers are wrong sometimes. so please check twice or refer some other platform for the right answer
Anonymous