CIA IIA-CIA-Part1 Passing Score

Bank internal auditors review an activity checklist to determine that the loan officer followed proper procedures.

The chief financial officer asks for the internal auditor's opinion regarding whether the new accounting pronouncements were properly and comprehensively adopted.

An internal auditor is assigned to assess whether a proposed new initiative to convert a customer service system would be cost-effective.

Senior management asks the internal audit activity to review compliance with customer data security regulations.

Have the new internal auditor’s previous boss be excused from the area during fieldwork.

Have the new internal auditor be responsible for the planning of the audit as well as the review of the audit fieldwork.

Have the new internal auditor assigned to other responsibilities and not work on the accounts payable audit engagement.

Have the new internal auditor assist with conducting the fieldwork, but ensure that her work is reviewed by the CAE.

Internal auditors may conduct a financial effectiveness engagement in a business unit at any point after being transferred from that area.

Internal auditors may conclude that a business unit's current control environment is adequate and effective if the review of the prior year's workpapers and audit report supports that conclusion.

Internal auditors may conduct an engagement in a business unit at any point after providing a training workshop in that area.

Internal auditors should limit the scope of an engagement if they become aware of a potential impairment of their objectivity in order to reduce the potential impact of the impairment on the engagement results.

Recognizing revenue up front rather than over a contract’s life to inflate revenue for the current period

Requesting reimbursement for overstated travel and entertainment expense amount

Misstating realized foreign currency transaction gains or losses

Demanding payment from a vendor for decisions made in the vendor’s favor