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 7 of 24.

1. Question 61: According to IIA guidance, if an internal auditor suspects fraud during an assurance engagement, what should the auditor do first?
2. Question 62: An internal auditor assessed the controls within his organization's payroll process and suspects that erroneous payments may have been made to a fraudulent ban…
3. Question 63: Which of the following describes a primary responsibility for the internal audit activity in helping management maintain effective controls?
4. Question 64: During a routine audit of a customer service hotline, an internal auditor noticed that an unusually high number of customer complaints pertained to payments no…
5. Question 65: Which is the least effective form of risk management?
6. Question 66: Regarding the chief audit executive (CAE), which of the following is considered an impairment to the independence of the internal audit activity?
7. Question 67: Which of the following is a detective control?
8. Question 68: Which of the following is the most effective way any organization can ensure proper governance over its internal controls?
9. Question 69: Which of the following statements is the most appropriate example of the internal audit activity exercising due professional care during an audit of the payrol…
10. Question 70: In a retail organization, sales teams compete with each other to achieve and exceed sales targets. Each quarter, the members of the top sales team receive a bo…