Certified Internal Auditor (CIA) Part 1: Business Acumen Free Practice Exam Questions

231 real Certified Internal Auditor (CIA) Part 1: Business Acumen exam questions with answers and AI explanations. IIA certification prep — page 13 of 24.

1. Question 121: Which of the following would a chief audit executive most likely use to identify a need for improvement in a staff internal auditor’s business acumen?
2. Question 122: The chief audit executive (CAE) annually develops a budget and resource plan and submits it to the board for approval. This action best fulfills which of the f…
3. Question 123: Which of the following tests would most likely help discover a fictitious invoice?
4. Question 124: A new chief audit executive realized that the internal audit charter has not been updated in five years and only includes the Core Principles for the Professio…
5. Question 125: Which of the following items related to the quality assurance and improvement program should the chief audit executive report to the board?
6. Question 126: An internal auditor conducted a surprise inventory count at a warehouse of a small subsidiary. By the end of the count, it became apparent that a few items fro…
7. Question 127: An organization's board received complaints regarding suspicious business dealings involving different departments and asked the internal audit activity to car…
8. Question 128: Which of the following situations is most likely to threaten the independence of the internal audit activity?
9. Question 129: To encourage internal audit objectivity, which of the following is an appropriate policy the chief audit executive should establish?
10. Question 130: Which of the following is an advantage of using nongovernmental organization (NGO) members on an assurance team when auditing corporate social responsibility?