2020 Valid IIA IIA-CIA-Part1 Exam Dumps - IIA-CIA-Part1 Questions
                      Certified Internal Auditor - Part 1, The Internal Audit 
Activity's Role in Governance, Risk, and Control
IIA-CIA-Part1 Dumps
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Sample Question:1
The top three sales representatives for a company consistently include non-allowable 
charges on their expense reports. Line management is reluctant to deny 
reimbursement of the charges for fear of losing the sales representatives. This 
situation has the greatest negative impact on which of the following internal control 
components?  
 
A. Monitoring. 
B. Control environment. 
C. Information and communication. 
D. Control activities. 
 
Answer: B
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Sample Question:2
Which of the following factors affects the control risk of a company? 
 
A. Potential problems like technological obsolescence. 
B. Unusual pressures on management. 
C. Complex accounts that require expert valuations. 
D. Segregation of duties. 
 
Answer: D 
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Sample Question:3
Which of the following is an appropriate role for the board in governance? 
 
A. Preparing written organizational policies that relate to compliance with laws, 
regulations, ethics, and conflicts of interest. 
B. Ensuring that financial statements are understandable, transparent, and reliable. 
C. Assisting the internal audit activity in performing annual reviews of governance. 
D. Working with the organization's attorneys to develop a strategy regarding current 
litigation, pending litigation, or regulatory proceedings governance. 
Answer: B 
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Sample Question:4
A high-volume retailer of consumer goods has used point-of-sale data to record sales 
and update inventory records for several years. When price changes are scheduled, 
corporate headquarters downloads a price change file to a computer server system at 
each store. Each store's assistant manager is responsible for checking the server for 
downloads and running the program that updates the store's price file at the 
authorized price update time. In comparison with having headquarters initiate the 
price update centrally, this approach to price updating will most likely: 
 
A. Decrease the risk that customers will be undercharged consistently for sales items. 
B. Decrease the risk that item prices will sometimes be inaccurate. 
C. Increase the risk that customers will be undercharged consistently for sales items. 
D. Increase the risk that item prices will sometimes be inaccurate. 
Answer: D 
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Sample Question:5
Which of the following is not an appropriate role for internal auditors after a disaster 
occurs? 
 
A. Monitor the effectiveness of the recovery and control of operations. 
B. Correct deficiencies of the entity's business continuity plan. 
C. Recommend future improvements to the entity's business continuity plan. 
D. Assist in the identification of lessons learned from the disaster and the recovery 
operations. 
Answer: B 
https://www.realexamcollection.com/iia/iia-cia-part1-dumps.html
 Certified Internal Auditor - Part 1, The Internal Audit 
Activity's Role in Governance, Risk, and Control
IIA-CIA-Part1 Dumps
Click here for more information:
https://www.realexamcollection.com/iia/iia-cia-part1-dumps.html