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IIA IIA-CIA-Part1 Exam
CIA Part 1 - Essentials of Internal Auditing (Page 14 )

Updated On: 1-Feb-2026
Page 14 of 115
PDF with 1175 Questions

In a manufacturing organization, all sales prices are determined centrally and are electronically sent to the distribution centers to update their sales price tables. Any pricing deviations must be approved by central headquarters. To determine how this process is functioning, an internal auditor should:

  1. Document the flow of sales price information,and determine how the table is accessed and updated.
  2. Develop a flowchart of the sales order process to determine how orders are taken and priced.
  3. Identify who approves the shipment of goods and how the goods are priced.
  4. Obtain a copy of the existing flowchart for the computer program to determine how price data are accessed.

Answer(s): A



It would be appropriate for an internal audit activity to use consultants with expertise in health-care benefits when the internal audit activity is:

  1. Conducting an audit of the organization's estimate of its liability for post retirement benefits, which include health care benefits.
    II. Comparing the cost of the organization's health care program with that of other programs offered in the industry.
    III. Training its staff to conduct an audit of health care costs in a major division of the organization.
  2. Ionly
  3. I and IIIonly
  4. II and IIIonly
  5. I,II,and III.

Answer(s): D



To assure that the technical proficiency of internal auditors is appropriate for the audit engagements to be performed, a chief audit executive should:

  1. Consider the scope of work and level of responsibility when establishing criteria for education and experience in filling internal auditing positions.
  2. Ensure that each newly hired auditor is qualified in all of the disciplines needed to accomplish the department's audit mission.
  3. Oversee a training program that matches the actual training provided with the interests of individual auditors.
  4. Require all of the audit staff to pursue a minimum number of continuing professional education hours each year.

Answer(s): A



Which of the following best describes the most important criteria when assigning responsibility for specific tasks required in an audit engagement?

  1. Auditors must be given assignments based primarily upon their years of experience.
  2. All auditors assigned an audit task must have the knowledge and skills necessary to complete the task satisfactorily.
  3. Tasks must be assigned to the audit team member who is most qualified to perform them.
  4. All audit team members must have the skills necessary to satisfactorily complete any task that will be required in the audit engagement.

Answer(s): B



In advance of a preliminary survey, a chief audit executive sends a memorandum and questionnaire to the supervisors of the department to be audited. What is the most likely result of that procedure?

  1. It creates apprehension about the audit engagement.
  2. It involves the engagement client's supervisory personnel in the audit.
  3. It is an uneconomical approach to obtaining information.
  4. It is only useful for audits of distant locations.

Answer(s): B



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