Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
Splunk
ServiceNow
All Vendors
  2. Home
  3. Exams
  4. IIA
  5. CIA

IIA CIA Exam
Certified Internal Auditor Exam (Page 39 )

Updated On: 12-Feb-2026
Page 39 of 342
PDF with 1702 Questions

In an assurance engagement of treasury operations, an internal auditor is required to consider all of the following issues except

  1. The audit committee has requested assurance on the treasury department's compliance with a new policy on the use of financial instruments.
  2. Treasury management has not instituted any risk management policies.
  3. Due to the recent sale of a division, the amount of cash and marketable securities managed by the treasury department has increased by 350 percent.
  4. The external auditors have indicated some difficulties in obtaining account confirmations.

Answer(s): D



Internal auditors exercise judgment about the type and amount of information to be collected. The primary purpose of this judgment is to

  1. Eliminate the risk of drawing incorrect conclusions.
  2. Minimize the cost of the audit engagement.
  3. Comply with the Standards.
  4. Provide a sound basis for audit observations and recommendations.

Answer(s): D



According to the International Professional Practices Framework, a review team must express an opinion on which of the following when performing an external assessment of an internal audit activity?

I). Conformance with the Standards and Code of Ethics.
II). Effectiveness of continuous improvement activities.
III). Feedback from internal audit customers and other stakeholder groups.
IV). Efficiency and effectiveness of the internal audit activity's administration processes.

  1. I only.
  2. III only.
  3. I and II only.
  4. II and IV only.

Answer(s): A



When planning the work program for an assurance engagement, an internal auditor should first review the department's business objectives and then

  1. Identify risks.
  2. Review controls.
  3. Determine scope.
  4. Evaluate vulnerabilities.

Answer(s): A



When a risk assessment process has been used to construct an audit engagement schedule, which of the following should receive attention first?

  1. The external auditors have requested assistance for their upcoming annual audit.
  2. A new accounts payable system is currently undergoing testing by the information technology department.
  3. Management has requested an investigation of possible lapping in receivables.
  4. The existing accounts payable system has not been audited over the past year.

Answer(s): C






Post your Comments and Discuss IIA CIA exam prep with other Community members:

Join the CIA Discussion