IIA IIA-CIA-Part1 Real 2022 Braindumps Mock Exam Dumps
IIA-CIA-Part1 Exam Questions | Real IIA-CIA-Part1 Practice Dumps
How much cost pay for IIA-CIA-Part1 Exam
- The cost of the IIA-CIA-Part1 Exam is $435.
What are the topics covered in IIA-CIA-Part1 Exam
Candidates must know the topics before they start of preparation. Because it will really help them in hitting the core. Our IIA-CIA-Part1 Exam dumps will include the following topics:
- Quality Assurance and Improvement Program (7%)
- Independence and Objectivity (15%)
- Proficiency and Due Professional Care (18%)
- Foundations of Internal Auditing (15%)
- Fraud Risks (10%)
- Governance, Risk Management, and Control (35%)
NEW QUESTION 101
A daily report which lists unsuccessful attempts to log on to a computer system is A.
- A. Corrective control.
- B. Preventive control.
- C. Compensating control.
- D. Detective control.
Answer: D
NEW QUESTION 102
An internal auditor for a large retail chain suspects that a store manager has been stealing money from cash sales by listing the sales as accounts receivable and then writing off the accounts as bad debts. Which of the following irregularities is the most likely cause of the auditor's suspicion?
- A. A much higher percentage of past-due accounts receivable than that of previous years.
- B. A much higher bad debt expense as a percentage of sales than that of previous years.
- C. A much higher percentage of past-due accounts receivable than that of other stores.
- D. A much higher bad debt expense as a percentage of sales than that of other stores.
Answer: D
Explanation:
Section: Volume E
NEW QUESTION 103
Which of the following would most likely be considered a red flag for fraud?
- A. An employee with significant personal debt is in charge of handling large wire transfers for the organization.
- B. A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.
- C. An employee in charge of payroll disbursements has rotated these duties with several colleagues.
- D. An organization lacks a whistleblower hotline for reporting suspicious activity.
Answer: A
NEW QUESTION 104
A medical insurance provider uses an electronic claims-submission process and suspects that a number of physicians have submitted claims for treatments that were not performed. Which of the following control procedures would be most effective to detect this type of fraud?
- A. Develop an integrated test facility and submit false claims to verify that the system is detecting such claims on a consistent basis.
- B. Use computer software to identify abnormal claims based on the insured's age and medical history.
- C. Require the physician to submit a signed statement attesting that the treatments had been performed.
- D. Send confirmations to the physicians, requesting them to verify the exact nature of the claims submitted to the insurance provider.
Answer: B
NEW QUESTION 105
Which of the following roles, if undertaken by an internal auditor, would have the greatest potential for conflict with the Standards regarding objectivity?
- A. External audit liaison.
- B. Ethics advocate.
- C. IT system designer.
- D. Product development team consultant.
Answer: C
NEW QUESTION 106
A chief audit executive (CAE) of a major retailer has engaged an independent firm of
information security specialists to perform specialized internal audit activities. The CAE can rely on the specialists' work only if it is:
- A. Performed in accordance with the terms of the contract.
- B. Performed under the supervision of the information technology department.
- C. Carried out in accordance with the Standards.
- D. Carried out using standard review procedures for retailers.
Answer: C
NEW QUESTION 107
COBIT is primarily designed to:
- A. Satisfy information technology regulatory requirements.
- B. Assist technology professionals in interpreting technological specifications.
- C. Define auditing standards for information technology auditors.
- D. Provide guidance to govern information technology activities.
Answer: D
NEW QUESTION 108
While conducting an audit, an internal auditor notices an unusual increase in sales among a small number of units within the organization. The units also experienced persistent negative cash flows despite reported earnings and earnings growth. Which type of fraud do the auditor's findings most likely indicate?
- A. Inventory theft.
- B. Employee collusion with customer organizations.
- C. Improper asset valuation.
- D. Fictitious revenues.
Answer: D
NEW QUESTION 109
Some of an organization's payroll transactions were batch posted to the payroll file but were not uploaded correctly to the general ledger file on the mainframe. The best control to detect this type of error would be:
- A. Appropriate segregation of duties for batch approval.
- B. Validation of hash totals.
- C. Edit controls on the payroll file.
- D. Reconciliation of paychecks to the bank account.
Answer: B
NEW QUESTION 110
Internal auditors can benefit from a strong relationship with the external auditors because external auditors can:
- A. Increase the effectiveness of internal control sampling techniques.
- B. Provide internal auditors with an independent and knowledgeable viewpoint.
- C. Concur with the internal auditors' reports and thus improve the quality of assurance provided to management.
- D. Assist the internal auditor by providing information obtained from similar audits with other clients.
Answer: B
Explanation:
Section: Volume B
NEW QUESTION 111
New credit policies have been implemented in an automated order-entry system to improve the collection of receivables. Sales management has compiled several examples that show decreased sales and delayed order entry, and contends that these examples are a direct result of the new credit-policy constraints. Sales management's data and information provide:
- A. Evidence that the new credit policies do not meet the stated corporate objective to improve collections.
- B. A statistically valid conclusion about the impact of the new credit policies on customer goodwill.
- C. Irrelevant and argumentative information.
- D. Feedback control data.
Answer: D
NEW QUESTION 112
A small not-for-profit organization with limited resources is unable to adequately maintain appropriate segregation of duties. Considering the organization's resource constraints, which type of controls would best mitigate segregation of duty risks?
- A. Preventive controls.
- B. Application controls.
- C. Compensating controls.
- D. Detective controls.
Answer: C
NEW QUESTION 113
The chief audit executive (CAE) routinely provides activity reports to the board during quarterly board meetings.
Senior management has asked to review the CAE's board presentation before each board meeting so that any issues or questions can be discussed beforehand. The CAE should:
- A. Provide information to senior management that pertains only to completed audit engagements and observations available in published engagement final communications.
- B. Disclose only those matters in the activity reports that pertain to expenditures and financial budgets of the internal audit activity.
- C. Not provide activity reports to senior management because such matters are the sole province of the board.
- D. Provide the activity reports to senior management as requested and discuss any issues that may require action to be taken.
Answer: D
Explanation:
Section: Volume B
Explanation/Reference:
NEW QUESTION 114
Which of the following is not part of the five-attribute approach to developing documentation for an audit observation?
- A. Management response.
- B. Effect.
- C. Recommendation.
- D. Condition.
Answer: A
NEW QUESTION 115
According to IIA guidance, which of the following statements is true?
- A. IT risks and related controls are operational and best identified using a bottom-up approach.
- B. The overall focus of the framework is on significant controls in all critical IT applications.
- C. Risks in IT processes are best mitigated by individual controls.
- D. Control process risks are found at multiple layers of the IT environment.
Answer: D
NEW QUESTION 116
......
Salary of IIA-CIA-Part1 Professional
The average Salary of a IIA-CIA-Part1
- India - 5170273 INR
- United State - 69,000 USD
- England - 52802 POUND
- Europe - 58621 EURO
Verified IIA-CIA-Part1 Exam Dumps Q&As - Provide IIA-CIA-Part1 with Correct Answers: https://www.free4torrent.com/IIA-CIA-Part1-braindumps-torrent.html
Pass Your IIA-CIA-Part1 Dumps Free Latest IIA Practice Tests: https://drive.google.com/open?id=1OaHkUeT_pa_SK_lpudjvZvl8GF4mJOLR