Free IIA-CIA-Part1 Exam Dumps

Question 31

An internal audit charter should do which of the following?

A. Outline the schedule of future audits.
B. Define the scope of internal audit activities.
C. Establish the size of the internal audit activity.
D. Communicate the internal audit activity's goals.

Correct Answer:B

Question 32

According to the HA Code of Ethics, which of the following statements best describes the principle of competency?

A. Internal auditors shall perform their work with honesty, diligence, and responsibility.
B. Internal auditors shall perform their work in accordance with the Standards.
C. Internal auditors shall perform their work in accordance with the law and make disclosures expected by the law.
D. Internal auditors shall be prudent in the use of information acquired while performing their work.

Correct Answer:B

Question 33

Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?

A. Manage and support a quality assurance and improvement program.
B. Maintain industry-specific knowledge appropriate to the audit engagements
C. Set clear performance standards for internal auditors and the internal audit activity.
D. Apply problem-solving techniques for routine situations.

Correct Answer:C

Question 34

Which of the following is considered a violation of The IIA's Code of Ethics?

A. An auditor conveys public information about an organization's financial condition.
B. An auditor reports a manager's illegal activity to senior management, rather than reporting the incident to the appropriate external authority.
C. An auditor receives allegations of fraud from a whistleblower and immediately reports the allegations to senior management.
D. An auditor reports material deficiencies, despite the fact that management is already aware of the defects.

Correct Answer:C

Question 35

According to IIA guidance, which of the following statements about working papers is false?

A. They assist in the implementation of recommendations.
B. They provide support for communication to third parties.
C. They demonstrate compliance with auditing standards.
D. They contribute to development of the internal audit staff.

Correct Answer:A