IIA-CIA-Part1 Dumps with Practice Exam Questions Answers [Q200-Q215]

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IIA-CIA-Part1 Dumps with Practice Exam Questions Answers

IIA-CIA-Part1 by Certified Internal Actual Free Exam Practice Test

NEW QUESTION 200
An organization has a policy requiring two signatures on all checks written for amounts in excess of $10,000. When evaluating controls over disbursements, an auditor would conclude that a greater risk exists if:

 
 
 
 

NEW QUESTION 201
Company A has a formal comprehensive corporate code of ethics while company B does not. Which of the following statements regarding the existence of the code of ethics in company A can be logically inferred?
1. Company A exhibits a higher standard of ethical behavior than does company B.
2. Company A has established objective criteria by which an employee’s actions can be evaluated.
3. The absence of a formal corporate code of ethics in company B would prevent a successful audit of ethical behavior in that company.

 
 
 
 

NEW QUESTION 202
Which of the following procedures would be most effective in detecting fraud in electronically-submitted claims to insurance companies?

 
 
 
 

NEW QUESTION 203
The board of a newly established organization was discussing the contents of the draft internal audit charter One board member suggested adding to the charter an obligation for the internal audit activity to develop controls in business procedures. The board member explained that the new organization needs professional-level developers, internal auditors have the necessary skills and competencies, and the internal audit activity is well positioned to assume this responsibility. Which of the following would be a potential concern if the board member’s suggestion is adopted?

 
 
 
 

NEW QUESTION 204
An internal auditor wants to use ratio analysis to examine efficiencies in an organization’s accounting department. Which of the following statements identifies a weakness of ratio analysis that should be considered by the auditor?

 
 
 
 

NEW QUESTION 205
During a routine audit of a customer service hotline, an internal auditor noticed that an unusually high number of customer complaints pertained to payments not being applied to the customers’ accounts. Which of the following would most likely be the reason for the high volume of complaints?

 
 
 
 

NEW QUESTION 206
Which of the following is the best example of a computer forensic audit activity?

 
 
 
 

NEW QUESTION 207
Which statement accurately describes the authority of the internal audit activity as outlined in the audit charter?

 
 
 
 

NEW QUESTION 208
During an engagement, an internal auditor decided to use variance analysis as an auditing techniques. Which of the following steps should the auditor pursue if he discovers unexpected deviations of actual results from budget?

 
 
 
 

NEW QUESTION 209
Forty-five percent of an organization’s customer payments are submitted online. Eight percent of online payments are rejected. Executive management decides to outsource its online payment services to a contractor that will assume 75 percent of the total value of rejected payments. The organization estimates $1.25 million customer payments due during the contract period.
Which of the following represents the organization’s residual risk for online customer payments due?

 
 
 
 

NEW QUESTION 210
Which of the following sources of evidence would be least persuasive regarding potential waste and inefficiency on the part of a contractor?

 
 
 
 

NEW QUESTION 211
An internal auditor performed a risk assessment and concluded that the controls over access privileges to a bank account were appropriate. Later, the auditor learned that a contractor was using a shared password provided by an authorized user of the account. Which of the following statements best describes the auditor’s application of due professional care?

 
 
 
 

NEW QUESTION 212
In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers’ accounts?

 
 
 
 

NEW QUESTION 213
An internal audit team is performing an audit of workplace accident claims.
Which of the following actions by the audit team best demonstrates due professional care?

 
 
 
 

NEW QUESTION 214
A staff auditor, nearly finished with an audit engagement, discovers that the director of marketing has a gambling habit. The gambling issue is not directly related to the existing engagement, and there is pressure to complete the current engagement. The auditor notes the problem and forwards the information to the chief audit executive, but performs no further follow-up. Which of the following statements is true about the auditor’s actions?

 
 
 
 

NEW QUESTION 215
Management has asked the chief audit executive (CAE) to provide assurance on the organization’s automated control system related to financial data. The current audit staff does not have the expertise needed to conduct this type of engagement. Which of the following would be the best response by the CAE?

 
 
 
 

Free Certified Internal IIA-CIA-Part1 Exam Question: https://www.real4dumps.com/IIA-CIA-Part1_examcollection.html

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