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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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Yes, CertsTopics provides a success guarantee, assuring you that our IIA-CIA-Part1 sudy materials will help you achieve the desired results in your IIA IIA-CIA-Part1 exam 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

According to the Standards, which of the following demonstrates the proficiency of an internal auditor?

Options:

A.

Each internal auditor must hold one or more certifications in the area of fraud and seek out continuing professional development related to fraud detection and fraud investigation.

B.

Each internal auditor must have sufficient knowledge of IT risks and controls, and be able to evaluate the risk of fraud and the manner in which it is managed by the organization.

C.

Each internal auditor on the engagement team must possess the same level of knowledge, skills, and other competencies as other auditors on the engagement team.

D.

Each internal auditor must be paired, by the chief audit executive, with an individual who possesses the knowledge, skills, or other competencies required to complete the audit.

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Question 2

Which of the following is most accurate concerning corporate social responsibility?

Options:

A.

A moral agent in an organization makes decisions that are based on the rules and regulations of the organization as they apply to human resources decisions

B.

The utilitarian approaching deciding on ethical dilemmas is concerned with choosing the simplest solution that will apply to the most people

C.

Ethics are not defined by laws but they are not a matter of free choice ethics are based on standards of conduct derived from shared principles and values

D.

The individualism approach to ethical decision making is focused on implementing a customized long-term outcome that is most beneficial for the entire organization

Question 3

Which of the following statements is true regarding corporate social responsibility (CSR)?

Options:

A.

Many of the areas explored by CSR are normally included in an audit universe or annual audit plan,

B.

Despite significant corporate resources spent on CSR reporting, investors generally do not rely on CSR information.

C.

Unlike many other areas of reporting responsibilities impacting stakeholders, CSR is largely voluntary.

D.

Typically, operating management does not have a major role to play based on the public nature of reporting