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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 exam dumps will include the following topics:

  • Fraud Risks (10%)
  • Foundations of Internal Auditing (15%)
  • Quality Assurance and Improvement Program (7%)
  • Independence and Objectivity (15%)
  • Proficiency and Due Professional Care (18%)
  • Governance, Risk Management, and Control (35%)

Reference: https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2013-Exam-Syllabus-Part-1.aspx

Prerequisites of IIA-CIA-Part1 Exam

if you don't have a bachelor's degree, you can still take the CIA, which offers you to meet BETWEEN the following standards:

  • 4 years of experience in internal audit (plus a second training and apprenticeship).
  • IIA Global will definitely need to see evidence of your training and learning when you enroll, such as duplicates of your A-level or GCSE certificates/achievements. If you cannot provide this proof later, you will not be able to register.
  • 3 levels A or higher or comparable (plus two years of internal audit experience) ACCA credentials.

Before you can earn CIA classification, you must also have some internal audit experience or a relevant role. You must adhere to the following:

  • A diploma and 2 years of experience.
  • Seven years of experience (plus additional training).
  • Level A or comparable and five years of experience.

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Duration, language, and format of IIA-CIA-Part1 Exam

  • Length of examination: 150 mins
  • Format: Multiple choices, multiple answers
  • Passing score: 600
  • Number of Questions: 125
  • Language: Arabic, Chinese Simplified, Chinese Traditional, Czech, English, French, German, Hebrew, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Thai, and Turkish

IIA IIA-CIA-Part1 Exam Syllabus Topics:

SectionObjectives
Quality Assurance and Improvement Program (QAIP)- Internal quality assessments
- External quality assessments
- Continuous improvement of internal audit function
Foundations of Internal Auditing- IIA Standards and Code of Ethics overview
- Internal audit role in governance, risk, and control
- Internal audit definition, purpose, and value
Proficiency and Due Professional Care- Competence and skills requirements
- Due professional care in engagements
Independence and Objectivity- Individual objectivity and impairment
- Organizational independence

IIA Internal Audit Fundamentals Sample Questions:

Question #1

Which of the following statements is true regarding consulting and assurance engagements performed by the internal audit activity ' ?

  • A. For a consulting engagement, internal auditors and management jointly agree on the adequate criteria needed to evaluate governance, risk management, and controls. This is not true of assurance engagements
  • B. For both assurance and consulting engagements, the auditor must independently and objectively select the criteria for evaluation
  • C. For a consulting engagement objectives must address governance risk management and control processes to the extent agreed upon with the client. This is not true of assurance engagements
  • D. Engagement planning and fieldwork are similar for both types of engagements (there are no major differences) although the reporting process is different depending on which service is provided
Reveal Solution  Discussion  0

Correct Answer: A  πŸ—³οΈ

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Question #2

An external assessment of an organization ' s internal audit activity was last completed four years ago Which of the following options would be acceptable this year if the internal audit activity is to fulfill the requirements of the Standards?

  • A. The board nominates an independent individual from senior management in the organization to conduct an assessment of the internal audit activity
  • B. The chief audit executive schedules a self-assessment and the board approves the results
  • C. An external auditor conducts an audit of the organization which includes information about the internal audit activity
  • D. The internal audit activity conducts a self-assessment that is validated by a qualified and experienced internal auditor and then schedules a qualified, independent external assessor
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Correct Answer: D  πŸ—³οΈ

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Question #3

Which of the following best describes the type of organizational culture known as adaptability culture ' ?

  • A. A culture that places high value on participation and meeting the needs of employees.
  • B. A culture that is characterized by low involvement with environmental and health issues
  • C. A culture that emerges in quick-response and high-risk decision-making environments
  • D. A results-oriented culture that values competitiveness and personal initiative
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Correct Answer: C  πŸ—³οΈ

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Question #4

An internal auditor believes that a weakness exists in the control environment relating to the delegation of authority and responsibility within the management structure. Which of the following actions should the internal auditor first consider in this matter?

  • A. Develop and communicate the scope and evaluation criteria to be used by management
  • B. Evaluate the potential impact on related controls
  • C. Address the risk with senior management and the board
  • D. Recommend a control change and obtain management support
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Correct Answer: B  πŸ—³οΈ

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Question #5

According to IIA guidance, which of the following actions is a chief audit executive required to take with regard to reporting the results of the quality assurance and improvement program?

  • A. Report ongoing monitoring quarterly
  • B. Report external assessments upon completion of such assessments
  • C. Report post-engagement reviews at least once every five years
  • D. Report external assessments at least annually
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Correct Answer: D  πŸ—³οΈ

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