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 3 of 24.

1. Question 21: Inadequate risk assessment would have the strongest negative impact in which of the following phases of an audit engagement?
2. Question 22: Due to urgent requests from management, a busy internal audit activity finds that it can no longer meet all of its commitments contained in the annual audit pl…
3. Question 23: According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment o…
4. Question 24: Which of the following definitions best describes enterprise risk management?
5. Question 25: Which of the following statements describes a control weakness?
6. Question 26: An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization's investments. Which…
7. Question 27: The chief audit executive (CAE) has been asked to manage the regulatory compliance function for the organization's retail store operations. Store operations ar…
8. Question 28: When performing benchmarking during the planning phase of a performance audit, an internal auditor should:
9. Question 29: Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?
10. Question 30: Forty-five percent of an organization's customer payments are submitted online. Eight percent of online payments are rejected. Executive management decides to…