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IIA-CIA-Part1 exam is an important certification for individuals who are looking to pursue a career in internal auditing. Essentials of Internal Auditing certification is globally recognized and highly valued by employers. IIA-CIA-Part1 exam covers a wide range of topics related to internal auditing and is designed to test the knowledge and skills required for individuals to perform their duties effectively.

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IIA Essentials of Internal Auditing Sample Questions (Q84-Q89):

NEW QUESTION # 84
Which of the following is an example of an impairment to an internal auditor's independence?

Answer: C

Explanation:
The internal audit activity reporting functionally to the chief financial officer (CFO) can impair an internal auditor's independence. Functionally reporting to the CFO, who may be responsible for areas under audit, could create a conflict of interest and affect the auditor's ability to act independently. This arrangement can compromise the objectivity required for the internal audit function as outlined in the IIA standards.
IIA Standard 1110 - Organizational Independence


NEW QUESTION # 85
Which of the following audit techniques is used to evaluate control design while also embodying auditing's analytical process?

Answer: A


NEW QUESTION # 86
Why is it imperative for the chief audit executive to track and develop the educational qualifications of internal audit staff?

Answer: B


NEW QUESTION # 87
Which of the following is true about corporate social responsibility (CSR)?

Answer: D

Explanation:
Internal auditors can indeed provide assurance on reported sustainability results. This involves evaluating the accuracy and completeness of an organization's sustainability reporting and verifying that the reported information reflects actual performance. This role aligns with the broader assurance and advisory functions of internal audit, ensuring that CSR disclosures are reliable and credible.
References:
* The Institute of Internal Auditors (IIA) Standards and Practice Advisories.
* Global Reporting Initiative (GRI) Standards.
* "Internal Auditing: Assurance & Advisory Services" by IIA, Chapter on CSR and Sustainability Reporting.


NEW QUESTION # 88
After being terminated due to downsizing, an internal auditor finds a different job with an organization in the same industry. Which of the following actions would violate the IIA Code of Ethics?

Answer: B

Explanation:
Section: Volume E
Explanation/Reference:


NEW QUESTION # 89
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