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Exam IIA-CIA-Part1 Outline - Valid IIA-CIA-Part1 Exam Test

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To prepare for the IIA-CIA-Part1 Exam, candidates should first review the exam syllabus, which outlines the topics covered in the exam. The syllabus is available on the IIA website and includes information on the exam format, content, and weighting of each topic. Candidates are also encouraged to use the IIA's official study materials, such as the CIA Learning System and the CIA Practice Guide, which provide comprehensive coverage of the exam topics and include practice questions and simulations.

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Valid IIA-CIA-Part1 Exam Test, Exam Dumps IIA-CIA-Part1 Collection

There is no doubt that we all dream of working for top companies around the globe. Some people make it through but some keep on thinking about how to break that glass. If you are among those who belong to the latter category, you should start the preparations for the Essentials of Internal Auditing (IIA-CIA-Part1) certification exam to improve your knowledge, expertise and crack even the toughest interview easily.

IIA-CIA-Part1 certification exam is one of the most respected and recognized certifications in the field of internal auditing. It focuses on the essential knowledge and skills required for internal auditors to conduct effective and efficient audits of an organization's operations, including financial reporting, risk management, and governance processes. IIA-CIA-Part1 Exam is offered by the Institute of Internal Auditors (IIA), a global organization with more than 200,000 members in over 170 countries.

IIA Essentials of Internal Auditing Sample Questions (Q371-Q376):

NEW QUESTION # 371
According to HA guidance, which of the following statements is true regarding the internal audit activity's quality assurance and improvement program (QAIP)?

A. Internal assessments rely solely on the review of completed audit engagements for demonstrated performance
B. The chief audit executive is responsible for assessing the suitability and competence of an external assessor.
C. At the board's discretion, the frequency of external assessments can exceed the five-year guideline
D. QAIP results must first be discussed with the board and approval obtained for distribution to senior management

Answer: B

NEW QUESTION # 372
Internal auditors can benefit from a strong relationship with the external auditors because external auditors can:

A. Provide internal auditors with an independent and knowledgeable viewpoint.
B. Increase the effectiveness of internal control sampling techniques.
C. Concur with the internal auditors' reports and thus improve the quality of assurance provided to management.
D. Assist the internal auditor by providing information obtained from similar audits with other clients.

Answer: A

Explanation:
Section: Volume B

NEW QUESTION # 373
The chief audit executive needs to revise the internal audit activity's (IAA) charter. The revision must address the element of authority.
Which of the following statements meets this requirement?

A. The IAA shall deliver an initial report of its findings to the organization's board within 120 days of the beginning of the engagement.
B. The IAA shall be granted access to all records relevant to the performance of its duties.
C. Following its assessment, the IAA shall recommend risk control processes and resource management strategies.
D. The IAA shall identify and assess all potential risks to the operations of the organization.

Answer: B

NEW QUESTION # 374
An internal auditor is reviewing the results of an employee survey at a mining company. Which of the following would alert the auditor to a potential ethics issue?

A. Employees with longer work experience believe that they deserve more privileges than new hires.
B. Thirty percent of employees feel confident in raising concerns without a fear of retaliation.
C. Women account for 20% of the total number of employees in the company.
D. Most employees believe that transparent and fair decision-making forms the basis of business ethics.

Answer: B

Explanation:
A low percentage of employees feeling confident in raising concerns without fear of retaliation indicates a potential ethics issue within the organization. It suggests that the company might have a culture that does not adequately protect whistleblowers, which can lead to ethical lapses and noncompliance with laws and regulations. References:
* IIA guidance on ethics and whistleblower protection.
* COSO Framework on organizational culture and ethics.

NEW QUESTION # 375
In a small organization, management is unable to achieve adequate segregation of duties for its cash-handling procedures Therefore hidden surveillance cameras were installed to monitor cash-handling activities Which of the following best describes this type of control?

A. Process-level control
B. Compensating control
C. Preventive control
D. Corrective control

Answer: B

Explanation:
In a small organization where management cannot achieve adequate segregation of duties for its cash-handling procedures, installing hidden surveillance cameras to monitor these activities is an example of a compensating control. Compensating controls are alternative measures implemented to mitigate risk when primary controls (such as segregation of duties) cannot be fully achieved. These controls help maintain security and oversight despite limitations in the control environment.References: Internal control frameworks and best practices.

NEW QUESTION # 376
......

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