CIA Part 1: 1,170 Non-Repetitive Test Bank Questions

The aim of this test bank is to focus on

[A] Section I which is the Foundations of Internal Auditing, in particular in the following areas:

1. Purpose, Authority, and Responsibility

2. Internal Audit Charter

3. Assurance and Consulting Services

4. The IIA Code of Ethics

[B] Section II which is the Independence and Objectivity, in particular in the following areas:

1. Organizational Independence of IAA

2. Impairments to Independence

3. Assess Internal Auditor's Objectivity

4. Analyze Policies that Promote Objectivity

[C] Section III which is the Proficiency and Due Professional Care, in particular in the following areas:

1. Internal Audit Proficiency

2. Competency of the Internal Auditor

3. Due Professional Care

4. Demonstrate Competency through CPD

[D] Section IV which is the Quality Assurance and Improvement Program, in particular in the following areas:

1. Required Elements of the QAIP

2. Reporting Results of the QAIP

[E] Section V - which is the Governance, Risk Management, and Control, in particular in the following areas:

1. The Three Lines Model

2. Governance, Organizational Culture, and Ethics

3. Corporate Social Responsibility

4. Concepts of Risk and Risk Management

5. Risk Management Frameworks

6. Examing the Effectiveness of Risk Management

7. The Role of the IAA in Risk Management

8. Internal Control Concepts and Types of Controls

9. Internal Control Frameworks

10. Effectiveness and Efficiency of Internal Controls

[F] Section VI  which is the Fraud Risks, in particular in the following areas:

1. Fraud Risks and Types of Fraud

2. Evaluating Potential of and Detection of Fraud

3. Recommend Controls and Improve Awareness

4. Forensic Auditing

It is worth mentioning that

1. Section I - Foundations of Internal Auditing weighs around 15% of the CIA Part 1 Exam.

2. Section II - Independence and Objectivity weighs around 15% of the CIA Part 1 Exam.

3. Section III - Proficiency and Due Professional Care weighs around 18% of the CIA Part 1 Exam.

4. Section IV - Quality Assurance & Improvement Program weighs around 7% of the CIA Part 1 Exam.

5. Section V - Governance, Risk Management, and Control weighs around 35% of the CIA Part 1 Exam.

6. Section VI - Fraud Risks weighs around 10% of the CIA Part 1 Exam.

Throughout these materials, we have chosen particular language, spellings, structures and grammar in order to be consistent and comprehensible for all readers. We are aware that our choices may not always adhere to “formal” standards, but my effort is focused on making the study process easy for all candidates. Nonetheless, I continue to welcome your meaningful corrections and ideas for creating better materials.

Therefore, this test bank is designed to cover the above-mentioned topics by ideas that you might face during the exam. However, this material is designed exclusively to assist people in their exam preparation. No information in the material should be construed as authoritative business, accounting, or consulting advice. Appropriate professionals should be consulted for such advice and consulting.

I understand the commitment that you have made to the exams, and I will match that commitment in my effort to help you. Furthermore, I understand that your time is too valuable to study for an exam twice, so we will do everything possible to make sure that you pass the first time.

I wish you success in your studies.

Please remember that practice makes perfect or at least permanent.

Sincerely,

Tariq Al-Basha, MSc, CMA, FMVA, CMSA, CBCA, BIDA, FPWM, CREF, ESG