support@Free-Braindumps.com
Register Login
Cisco
CompTIA
ISC
EC-Council
EXIN
Fortinet
ITIL
Juniper
Microsoft
VMware
Avaya
SAP
Google
NVIDIA
Salesforce
Amazon
Palo Alto Networks
ISC2
CrowdStrike
Anthropic
All Vendors
  1. Home
  2. Exams
  3. IIA
  4. CIA

Free CIA Exam Braindumps
Certified Internal Auditor Exam Questions 256–260 (page: 53)

Updated On: 9-Feb-2026
Page 53 of 342
PDF with 1702 Questions

Which of the following is typically not a reason for committing financial statement fraud?

  1. To dispel negative market perception.
  2. To disguise a duplicate payment to a vendor.
  3. To obtain more favorable terms on financing.
  4. To receive performance related bonuses.

Answer(s): B



A company regularly invests excess short-term cash in trading securities. A reliable test of the valuation of those securities would be a

  1. Recalculation of investment carrying value using the equity method.
  2. Comparison of cost data with current market quotations.
  3. Confirmation of securities held by the broker.
  4. Calculation of premium or discount amortization.

Answer(s): B



Which of the following sampling plans should an internal auditor use to estimate the number of units in a certain class of inventory without counting each item?

  1. Attributes sampling.
  2. Discovery sampling.
  3. Variables sampling.
  4. Stop or go sampling.

Answer(s): C



Which of the following is an example of sampling risk?

  1. Overlooking material errors.
  2. Failing to analyze results properly.
  3. Checking invoices that are not representative of the population.
  4. Using audit procedures that are not appropriate for the given audit objective.

Answer(s): C



Which of the following would constitute a violation of the IIA Code of Ethics?

  1. An internal auditor, who has recently joined the organization, has accepted an assignment to audit the electronics manufacturing division. The auditor previously served as senior auditor for the external audit of that division and has audited many electronics companies during the past two years.
  2. An internal auditor has accepted an assignment to audit the warehousing function six months from now. The auditor has no expertise in that area but has signed up for courses in warehousing that will be completed before the assignment begins.
  3. An internal auditor has no ambitions for promotion and has not engaged in training or other professional development activities during the last three years. The auditor's performance assessments indicate consistent quality of work.
  4. An internal auditor discovered an internal financial fraud during the year, and the financial statements were adjusted to properly reflect the loss associated with the fraud.
    The auditor discussed the fraud with the external auditor during the external auditor's review of the working papers detailing the incident.

Answer(s): C



  PDF
Viewing page 53 of 342
Viewing questions 261 - 265 out of 1702 questions


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

AI Tutor AI Tutor 👋 I’m here to help!