CIA Part 1 Multiple Choice Questions with Answers 100% Solved and Updated

CIA Part 1 Multiple Choice Questions
with Answers 100% Solved and
Updated
AssessingMindividualMobjectivityMofMinternalMauditorsMisMtheMresponsibilityMof

A.MTheMchiefMexecutiveMofficer.

B.MTheMboard.

C.MTheMauditMcommittee.

D.MTheMchiefMauditMexecutive.M-MAnswerMD



AnMinternalMauditorMworkingMforMaMchemicalMmanufacturerMbelievedMthatMtoxicMwast
eMwasMbeingMdumpedMinMviolationMofMtheMlaw.MOutMofMloyaltyMtoMtheMorganizatio
n,MnoMinformationMregardingMtheMdumpingMwasMcollected.MTheMinternalMauditor



A.MDidMnotMviolateMtheMCodeMofMEthics.MLoyaltyMtoMtheMemployerMinMallMmatters
MinMrequired.
B.MDidMnotMviolateMtheMCodeMofMEthics.MConclusiveMinformationMaboutMwrongdoingM
wasMnotMgathered.

C.MViolatedMtheMCodeMofMEthicsMbyMknowinglyMbecomingMaMpartyMtoManMillegalMac
t.

D.MViolatedMtheMCodeMofMEthicsMbyMfailingMtoMprotectMtheeMwell-
beingMofMtheMgeneralMpublic.M-
MAnswerMC.MAMpersonMwithMaMdutyMtoMactMwhoMdoessMnotMactMviolatedManMethi
cal,MifMnotMaMlegal,Mobligation.



AnMinternalMauditingMteamMhasMmadeMobservationsMandMrecommendationsMthatMshoul
dMsignificantlyMimproveMaMdivision'sMoperatingMefficiency.MOutMofMappreciationMofMthi
sMwork,MandMbecauseMitMisMtheMholidayMseason,MtheMdivisionMmanagerMpresentMto
Min-
chargeMinternalMauditorMwithMaMgiftMofMmoderateMvalue.MWhichMofMtheMfollowingMb
estMdescribesMtheMactionMprescribedMbyMTheMIIA'sMCodeMofMEthics?

A.MAcceptMit,MregardlessMofMotherMcircumstances,MbecauseMitsMvalueMisMinsignificant.

B.MNotMacceptMitMpriorMtoMsubmissionMofMtheMfinalMengagementMcommunication.

C.MNotMacceptMitMifMheMisMpresumedMtoMimpairMtheMinternalMauditor'sMjudgment.

,D.MNotMacceptMit,MregardlessMofMotherMcircumstances,MbecauseMitsMvalueMisMsignifica
nt.M-
MAnswerMC.MAccordingMtoMRuleMofMConductM2.2,MtheMdecisionMwhetherMtoMaccept
MaMgiftMshouldMbeMbasedMonMtheMpotentionalMimpairmentMofMtheMauditor'sMjudgem
ent.



WhichMofMtheMfollowingMmostMlikelyMconstitutesMaMviolationMofMTheMIIA'sMCodeMof
MEthicsMbyManMinternalMauditor?
A.MDiscussingMatMaMtradeMconventionMtheMorganization'sMcontrolsMoverMitsMcomputer
Mnetworks.
B.MDeletingMsensitiveMinformationMfromMaMfinalMengagementMcommunicationMatMtheM
requestMofMseniorMmanagement.

C.MInvestigatingMexecutiveMexpenseMreportsMbasedMcompletelyMonMrumorsMofMpadding.

D.MPurchasingMstockMinMaMtargetMorganizationMafterMoverhearingManMexecutiveMdiscus
sionMofMpossibleMacquisition.M-MAnswerMD.MViolationMofMRulesMofMConductM3.2



AMcharterMisMoneMofMtheMmoreMimportantMfactorsMpositivelyMaffectingMtheMinternal
MauditMactivity'sMindependence.MWhichMofMtheMfollowingMisMleastMlikelyMtoMbeMpart
MofMtheMcharter?
A.MAccessMtoMrecordsMwithinMtheMorganization.

B.MTheMscopeMofMinternalMauditMactivities.

C.MTheMlengthMofMtenureMofMtheMchiefMauditMexecutive.

D.MAccessMtoMpersonnelMwithinMtheMorganization.M-
MAnswerMC.MThisMisMaMmeterMofMongoingMjudgmentMforMtheMboardMandMshouldMn
otMbeMcodifiedMinMtheMcharter.



TheMpurposesMofMtheMStandardsMincludeMallMofMtheMfollowingMexcept

A.MEstablishingMtheMbasisMforMtheMmeasurementMofMinternalMauditMperformance.

B.MGuidingMtheMethicalMconductMofMinternalMauditors.

C.MStatingMbasicMprinciplesMthatMrepresentMtheMpracticeMofMinternalMauditing.M

D.MFosteringMimprovedMorganizationalMprocessesMandMoperations.M-
MAnswerMB.MGuidingMtheMethicalMconductMofMinternalMauditors.MThisMisMnotMstandar
d.

,WhichMStandardsMexpandMuponMtheMotherMcategoriesMofMStandards?

A.MPerformanceMStandards

B.MAttributeMStandards

C.MImplementationMStandards.

D.MAllMofMtheMchoicesMareMcorrect.M-MAnswerMC.



TheMpurposeMofMtheMinternalMauditMactivityMcanMbeMbestMdescribedMasM

A.MAddingMvalueMtoMtheMorganization.

B.MProvidingMadditionalMassuranceMregardingMfirMpresentationMofMfinancialMstatements.

C.MExpressingManMopinionMonMtheMadequateMdesignMandMfunctioningMofMtheMsystem
MofMinternalMcontrol.
D.MAssuringMtheMabsenceMofManyMfraudMthatMwouldMmateriallyMaffectMtheMfinancialM
statementsM-MAnswerMA.



TheMStandardsMconsistMofMthreeMtypesMofMStandards.MWhichMstandardsMapplyMtoMthe
McharacteristicsMofMprovidersMofMinternalMauditingMservices?
A.MImplementationMStandards.

B.MPerformanceMStandards

C.MAttributeMStandards

D.MIndependenceMStandardsM-MAnswerMC.



AMprimaryMpurposeMofMestablishingMaMcodeMofMconductMwithinMaMprofessionalMorgan
izationMisMtoM

A.MReduceMtheMlikelihoodMthatMmembersMofMtheMprofessionMwillMbeMsuedMforMsubst
andardMwork.

B.MEnsureMthatMallMmembersMofMtheMprofessionMperformMatMapproximatelyMtheMsam
eMlevelMofMcompetence.

C.MPromoteManMethicalMcultureMamongMprofessionalsMwhoMserviceMothers.

D.MRequireMmembersMofMtheMprofessionMtoMexhibitMloyaltyMinMallMmatterMpertaining
MtoMtheMaffairsMofMtheirMorganization.M-MAnswerMC.

, AnMaccountingMassociationMestablishedMaMcodeMofMethicsMforMallMmembers.MWhatMis
MoneMofMtheMassociation'sMprimaryMpurposesMofMestablishingMtheMcodeMofMethics?
A.MTheMoutlineMcriteriaMforMprofessionalMbehaviorMtoMmaintainMstandardsMofMintegrity
MandMobjectivity
B.MToMestablishMstandardsMtoMfollowMforMeffectiveMaccountingMpractice.

C.MToMprovideMaMframeworkMwithinMwhichMaccountingMpoliciesMcouldMbeMeffectivelyM
developedMandMexecuted.

D.MTheMoutlineMcriteriaMthatMcanMbeMusedMinMconductingMinterviewsMofMpotentialMn
ewMaccountantsM-MAnswerMA



InManalyzingMtheMdifferencesMbetweenMtwoMrecentlyMmergedMbusinesses,MtheMchiefMa
uditMexecutiveMofMOrganizationMAMnotesMthatMitMhasMaMformalMcodeMofMethicMand
MOrganizationMBMdoesMnot.MTheMcodeMofMethicsMcoversMsuchMthingsMasMpurchaseM
agreements,MrelationshipsMwithMvendors,MandMotherMissues.MItsMpurposeMisMtoMguide
MindividualMbehaviorMwithinMtheMfirm.MWhichMofMtheMfollowingMstatementsMregarding
MtheMexistenceMofMtheMcodeMofMethicsMinMAMcanMbeMlogicallyMinferred?
I.MAMexhibitsMaMhigherMstandardMofMethicalMbehaviorMthanMdoesMB.

II.MAMhasMestablishedMobjectiveMcriteriaMbyMwhichManMindividual'sMactionsMcanMbeMe
valuated.

III.MTheMabsenceMofMaMformalMcodeMofMethicsMinMBMwouldMpreventMaMsuccessfulMr
eviewMofMethicalMbehaviorMinMthatMorganization.

A.MIMandMII.

B.MIIMonly.

C.MIIIMonly.

D.MIIMandMIII.M-MAnswerMB.



AMreviewMofManMorganization'sMcodeMofMconductMrevealedMthatMitMcontainedMcompr
ehensiveMguidelinesMdesignedMtoMaspireMhighMlevelsMofMethicalMbehavior.MTheMreview
MalsoMrevealedMthatMemployeesMwereMknowledgeableMofMitMprovisions.MHowever,Mso
meMemployeesMstillMdidMnotMcomplyMwithMtheMcode.MWhatMelementMshouldMaMcod
eMofMconductMcontainMtoMenhanceMitsMeffectiveness?

A.MPeriodicMreviewMandMacknowledgmentMbyMallMemployees.

B.MEmployeeMinvolvementMinMitsMdevelopment.

C.MPublicMknowledgeMofMitsMcontentsMandMpurpose.