Free IIA IIA-CIA-Part1 Exam Dumps and IIA-CIA-Part1 Exam Questions

Question No: 31

MultipleChoice

The chief audit executive (CAE) of a mid-sized pharmaceutical organization has operational responsibility for the regulatory compliance function. The audit committee requests an assessment of regulatory compliance. According to IIA guidance, which of the following is the CAE's best course of action?

Options

AHave a proficient internal audit staff member perform the assessment and disclose the impairment in the audit report and to the board.

BHave a regulatory compliance staff member perform a self-assessment, to be reviewed by a proficient internal auditor.

CHave a proficient internal audit staff member perform the audit and report the results of the assessment directly to senior management and the board.

DContract with a third-party entity or external auditor to complete the assessment and report the results to senior management and the board.

Question No: 32

MultipleChoice

Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

Options

AGovernance, risk, and control.

BPerformance management.

CBusiness acumen.

DInternal audit delivery.

Question No: 33

MultipleChoice

Which of the following actions should an internal auditor take to exercise due professional care?

1. Consider the probability of significant noncompliance in each audit engagement.

2. Weigh the cost of assurance against the benefits.

3. Perform assurance procedures with sufficient care to ensure that all risks are identified.

Options

A1 and 2 only

B1 and 3 only

C2 and 3 only

D1, 2, and 3
Topic 6, Volume F

Free IIA-CIA-Part1 Exam Dumps