Data Crossroads Academy

Carl Hall Carl Hall

0 Course Enrolled • 0 Course Completed

Biography

2026 IIA-CIA-Part1: Essentials of Internal Auditing–Valid Latest Study Notes

P.S. Free & New IIA-CIA-Part1 dumps are available on Google Drive shared by Dumpleader: https://drive.google.com/open?id=10DLvlZte7w15YGHJkVLC-LqLPHV1PfLC

The desktop IIA IIA-CIA-Part1 exam simulation software works only on Windows, but the web-based IIA IIA-CIA-Part1 practice exam is compatible with all operating systems. You can take the online IIA IIA-CIA-Part1 Mock Test without software installation via Chrome, Opera, Firefox, or another popular browser.

IIA-CIA-Part1 or the Essentials of Internal Auditing certification exam is an essential certification exam for individuals who want to pursue a career in internal auditing. The IIA-CIA-Part1 certification exam is designed to validate the knowledge and proficiency of individuals in the fundamentals of internal auditing. IIA-CIA-Part1 exam is designed to test the essential knowledge and skills that are required to become an effective internal auditor.

IIA-CIA-Part1 (Essentials of Internal Auditing) certification exam is a globally recognized certification that is designed for individuals who are looking to establish themselves as professionals in the field of internal auditing. Essentials of Internal Auditing certification exam is offered by the Institute of Internal Auditors (IIA) and is the first part of a three-part series that leads to the Certified Internal Auditor (CIA) designation. The Essentials of Internal Auditing certification exam is an entry-level certification that assesses the candidate's basic knowledge and skills in the field of internal auditing.

IIA-CIA-Part1 exam is a computer-based test consisting of 125 multiple-choice questions. Candidates have two hours and thirty minutes to complete the exam, which is administered at Pearson VUE testing centers worldwide. IIA-CIA-Part1 Exam is available in several languages, including English, Spanish, French, German, Portuguese, and Chinese.

>> Latest IIA-CIA-Part1 Study Notes <<

IIA-CIA-Part1 Reliable Test Dumps, Valid Dumps IIA-CIA-Part1 Questions

Our IIA-CIA-Part1 study materials are full of useful knowledge, which can meet your requirements of improvement. Also, it just takes about twenty to thirty hours for you to do exercises of the IIA-CIA-Part1 study guide. The learning time is short but efficient. You will elevate your ability in the shortest time with the help of our IIA-CIA-Part1 Preparation questions. At the same time, you will be bound to pass the exam and achieve the shining IIA-CIA-Part1 certification which will help you get a better career.

IIA Essentials of Internal Auditing Sample Questions (Q99-Q104):

NEW QUESTION # 99
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.

A. There were several instances in which successively numbered checks for amounts between $5, 000 and
$10, 000 were made payable to the same vendor.
B. The director of accounting was not one of the authorized signers.
C. The $10, 000 was an immaterial amount to the organization and very few cash disbursements required an amount in excess of $10, 000.
D. The auditor located two checks for $9, 000 each that contained one authorized signature.

Answer: A

Explanation:
Section: Volume A
Explanation

NEW QUESTION # 100
Which of the following statements is correct regarding disclosure of conformance or Standards?

A. Once an external assessment validates conformance with the Standards, the internal audit activity may continue to use the statement until the next external assessment.
B. If it has been more than five years since the last external assessment was conducted, the Internal audit activity must cease indicating that it operates in conformance with the Standards.
C. The chief audit executive must disclose every instance of noncompliance with the Code of Ethics or the Standards.
D. An internal audit activity that has been in existence fewer than five years cannot Indicate that it is operating in conformance with the Standards because it has not yet undergone an external assessment.

Answer: B

Explanation:
According to the IIA's Standards, if it has been more than five years since the last external assessment was conducted, the Internal audit activity must cease indicating that it operates in conformance with the Standards.
Regular external assessments are required at least once every five years to validate that an internal audit activity continues to operate in conformance with the Standards.References: Institute of Internal Auditors (IIA) - International Professional Practices Framework (IPPF)

NEW QUESTION # 101
An internal auditor is preparing a draft observation based on her assessment of an accounts payable process.
Which of the following is a process recommendation?

A. The accounts payable authorization actions for all payments should be automated.
B. Authorization policy requires two levels of approval for all payments above $10, 000.
C. Because of non-compliance with authorization policy, inappropriate payments may be made for payments above $10, 000.
D. Authorization policy for accounts payable was not followed for payments above $10, 000.

Answer: A

Explanation:
Section: Volume D

NEW QUESTION # 102
At the beginning of an IT development project key risks were identified and assessed and risk owners were appointed Six months later the IT development team reported that the project Is significantly over budget, it will not be completed on time and key personnel had left the organization. Which of the following risk management practices should be improved for future projects?

A. Risk monitoring.
B. Risk response.
C. Risk avoidance.
D. Risk assessment

Answer: A

Explanation:
In the context of internal auditing and risk management, the situation described involves the identification of key risks at the beginning of the IT development project, with risk owners appointed. However, the project later faces significant issues such as being over budget, delays, and loss of key personnel. These issues indicate that the ongoing management and oversight of identified risks were insufficient.
Risk monitoring is the continuous process of tracking and evaluating the performance and changes in the risk environment. Effective risk monitoring ensures that risk responses are executed as planned, emerging risks are identified, and necessary adjustments are made. The failure to stay on budget, meet deadlines, and retain key personnel suggests that there were lapses in regularly reviewing and updating the risk management plan and responses as the project progressed. Therefore, the risk management practice that should be improved for future projects is risk monitoring.
Institute of Internal Auditors (IIA), "Risk Management and Internal Audit: Forging a Collaborative Alliance" ISO 31000:2018 Risk Management - Guidelines

NEW QUESTION # 103
Which of the following best illustrates the application of due professional care during an audit of the procurement department?

A. The internal auditor selected a sample of purchase orders with amounts greater than S5.000, the threshold at which the organization requires a bidding process. The auditor obtained documentation of the bidding process for each purchase order in the sample.
B. The internal auditor discovered an instance where management did not follow the standard bidding processes. The auditor assessed the validity of management's
reasons for deviating from standard practice and the supporting documentation, and determined that the deviation was acceptable.
C. The internal auditor analyzed bidding documents provided by management. Management indicated that the documents were purchase orders issued to a sole-source vendor Based on the analysis and management's declaration, the internal auditor determined that the procurement process was effective.
D. The internal auditor began checking purchase requisitions for proper authorizations. He stopped when he discovered an instance of noncompfiance. and he concluded the controls were ineffective.

Answer: A

NEW QUESTION # 104
......

Our company in the field of the IIA-CIA-Part1 exam bootcamp for years, we also enjoy high reputation in the business. You choose us, we will give you the best we have, and your right choice will also bring the benefits to you. With the high reputation in the field, we can guarantee the quality of the IIA-CIA-Part1 Exam Dumps. It also contains the free update for one year for you. It can save your money for updating, and the update version will send to your mailbox automatically.

IIA-CIA-Part1 Reliable Test Dumps: https://www.dumpleader.com/IIA-CIA-Part1_exam.html

P.S. Free 2026 IIA IIA-CIA-Part1 dumps are available on Google Drive shared by Dumpleader: https://drive.google.com/open?id=10DLvlZte7w15YGHJkVLC-LqLPHV1PfLC