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IIA-CIA-Part1 Exam Dumps : Essentials of Internal Auditing

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IIA IIA-CIA-Part1 Exam Dumps FAQs

Q. # 1: What is the IIA IIA-CIA-Part1 Exam?

The IIA IIA-CIA-Part1 Exam, also known as the Certified Internal Auditor Part 1, tests the foundational knowledge of internal auditing. It covers topics such as governance, risk management, and control

Q. # 2: Who should take the IIA CIA Part 1 Exam?

The IIA IIA-CIA-Part1 Exam is ideal for internal audit professionals, risk management specialists, and anyone seeking a comprehensive understanding of internal audit principles and practices. It's particularly beneficial for those aspiring to earn the prestigious CIA designation.

Q. # 3: What topics are covered in the IIA CIA Part 1 Exam?

The IIA IIA-CIA-Part1 Exam focuses on six core domains aligned with the IIA's International Professional Practices Framework (IPPF):

  • The Definition of Internal Auditing
  • Independence and Objectivity
  • Proficiency and Due Professional Care
  • Quality Assurance and Improvement Programs
  • Governance, Risk Management, and Control
  • Fraud Risk

Q. # 4: How many questions are on the IIA IIA-CIA-Part1 Exam?

The IIA IIA-CIA-Part1 Exam consists of 125 multiple-choice questions.

Q. # 5: How long is the IIA IIA-CIA-Part1 Exam?

Candidates have 2.5 hours (150 minutes) to complete the IIA IIA-CIA-Part1 Exam.

Q. # 6: What is the passing score for the IIA IIA-CIA-Part1 Exam?

The passing score for the IIA IIA-CIA-Part1 Exam is 600 out of 750.

Q. # 7: What is the difference between IIA IIA-CIA-Part1 and IIA-CIA-Part2 Exams?

The IIA IIA-CIA-Part1 and IIA-CIA-Part2 exams are both parts of the Certified Internal Auditor (CIA) certification, but they focus on different aspects of internal auditing.

  • IIA IIA-CIA-Part1 Exam: The IIA IIA-CIA-Part1 Exam covers the basics of internal auditing, including the foundations of internal auditing, independence and objectivity, proficiency and due professional care, quality assurance and improvement programs, governance, risk management, and control, and fraud risks.
  • IIA IIA-CIA-Part2 Exam: The IIA IIA-CIA-Part2 Exam delves into the practical aspects of internal auditing. It includes managing the internal audit activity, planning the engagement, performing the engagement, and communicating engagement results and monitoring progress.

Q. # 8: What study materials does CertsTopics offer for IIA IIA-CIA-Part1 preparation?

CertsTopics offers high-quality IIA-CIA-Part1 PDFs and a comprehensive IIA-CIA-Part1 testing engine tailored for the IIA IIA-CIA-Part1 exam, ensuring a well-rounded preparation.

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CertsTopics offers a refund policy if you are unable to pass the IIA IIA-CIA-Part1 exam after using our IIA-CIA-Part1 study guide materials. Our success guarantee ensures that you are fully supported throughout your preparation.

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Essentials of Internal Auditing Questions and Answers

Question 1

The internal audit activity audited an organization's risk management function multiple times, and the recommendations that were made remain unaddressed by the head of risk management. Which of the following would be the next step for the internal audit activity?

Options:

A.

The internal audit activity should add value by implementing the recommendations on management's behalf.

B.

The chief audit executive (CAE) must discuss this matter with senior management and the board

C.

The CAE should determine which recommendations to implement based on the severity of the associated risks.

D.

The internal audit activity, led by the CAE. should assume responsibility for risk management function.

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Question 2

Which of the following is a true statement regarding whistleblowing?

Options:

A.

Whistleblowing is one of several possible ethical structures an organization can undertake to encourage ethical behavior.

B.

Whistleblowing programs help employees deal with ethical questions and instill ethical values into everyday behavior

C.

Whistleblowers are current or former employees who are disgruntled and looking to retaliate.

D.

Whistleblowers should inform the organization about actual criminal circumstances, not assumed allegations

Question 3

Which of the following best describes the approach the internal audit activity should take to assess and make appropriate recommendations to improve the organization?

Options:

A.

To evaluate an organization s governance processes for making strategic and operational decisions eternal auditors should review the organization s policies and processes related to staff compensation

B.

To determine how an organization provides oversight of its risk management and control activities internal auditors should review board meeting minutes and the board policy manual

C.

To assess how an organization promotes ethics and values both internally and among its external business partners, internal auditors should review the organization' s related objectives programs and activities

D.

To evaluate how an organization ensures effective performance management and accountability internal auditors should review previously conducted risk assessments