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: 23)
IIA CIA Part 1 - Essentials of Internal Auditing
Updated on: 16-Feb-2026

Viewing Page 23 of 115
IIA-CIA-Part1 PDF 1175 Questions

During an audit engagement, an internal auditor finds that management is not complying with previous commitments made to the external auditors. However, the auditor determines management's actions to be justified due to significant changes in the business. The best course of action for the auditor to take would be to:

  1. Proceed with the audit engagement and assess the changes actually implemented by management.
  2. Inform the external auditors and seek their guidance.
  3. Inform the external auditors and remove the associated work from the internal audit scope.
  4. Compare the recommended changes against the changes made by management and advise management which action to take.

Answer(s): A



Which of the following statements is correct regarding risk analysis?

  1. The extent to which management judgments are required in an area could serve as a risk factor in assisting the auditor in making a comparative risk analysis.
  2. The highest risk assessment should always be assigned to the area with the largest potential loss.
  3. The highest risk assessment should always be assigned to the area with the highest probability of occurrence.
  4. Risk analysis must be reduced to quantitative terms in order to provide meaningful comparisons across an organization.

Answer(s): A



During an audit of financial contracts, an auditor learns that a relative has a substantial loan with the organization. The auditor should:

  1. Exclude the relative's information from the audited work and proceed with the audit engagement.
  2. Proceed with the audit engagement but disclose in the engagement final communication that the relative is a customer.
  3. Immediately withdraw from the audit engagement.
  4. Notify management and the chief audit executive (CAE) and have the CAE determine whether the auditor should continue with the audit engagement.

Answer(s): D



The audit process used by the internal audit activity of a large wholesale clothing company does not include an engagement letter or project approval document. The most serious consequence of this deficiency in the process is that the:

  1. Audit schedule may not be optimal from the engagement client's perspective.
  2. Audit objectives may not be understood by management of the area being audited.
  3. Audit resources may not be sufficient.
  4. Audit plan priority may have changed.

Answer(s): B



Which of the following situations allows for the most objectivity on the part of an internal auditor?

  1. Assessing testing procedures in a new computer system.
  2. Performing a risk assessment of a new financial instrument.
  3. Drawing conclusions from a sample of financial transactions.
  4. Comparing current environmental activities against legislation.

Answer(s): D



Viewing Page 23 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