IIA IIA-CIA-PART1 Exam Questions & Answers

To assure that the technical proficiency of internal auditors is appropriate for the audit engagements to be performed, a chief audit executive should:

A. Consider the scope of work and level of responsibility when establishing criteria for education and experience in filling internal auditing positions.

B. Ensure that each newly hired auditor is qualified in all of the disciplines needed to accomplish the department's audit mission.

C. Oversee a training program that matches the actual training provided with the interests of individual auditors.

D. Require all of the audit staff to pursue a minimum number of continuing professional education hours each year.

Reportable audit findings must be:

I. Documented by facts.

II. Supported by relevant evidence.

III. Agreed to by management of the audited area.

IV.

Convincing enough to compel corrective action.

A.

I and IV only

B.

II and III only

C.

I, II, and IV only

D.

I, II, III, and IV.

An internal auditor audited a department store's cash function. Which of the following actions would indicate a lack of due professional care by the auditor?

A. Based on a well-designed system of internal controls over the cash function, the audit report assured senior management that no irregularities existed.

B. A flowchart of the entire cash function was developed but only samples of transactions were tested.

C. The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.

D. The auditor informed appropriate authorities within the organization about suspected wrongdoing but did not inform external authorities.