Free IIA IIA-CIA-Part1-3P Practice Exam Questions and Answers 2026

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Total 951 Questions | Updated On: Apr 01, 2026

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Question 1

An internal auditor plans to use an analytical review to verify the correctness of various operating expenses in a division. The use of an analytical review as a verification technique would not be a preferred approach if.

A : The auditor notes strong indicators of a specific fraud involving this account.

B : The company has relatively stable operations which have not changed much over the past year.

C : The auditor would like to identify large, unusual, or non-recurring transactions during the year.

D : The operating expenses vary in relation to other operating expenses, but not in relation to revenue.

Answer: A

Question 2

Which of the following resources would be most effective for an organization that would like to improve how it informs stakeholders of its social responsibility performance?

A : ISO 26000.

B : Global Reporting Initiative.

C : Open Compliance and Ethics Group.

D : COSO-s enterprise risk management framework.

Answer: B

Question 3

It is important for a chief audit executive to seek formal approval from the board regarding an internal audit charter so that:

A : The effectiveness of the internal audit activity can be measured.

B : The status of the internal audit activity can be more clearly established

C : There is assurance that all internal audit activities will be completed

D : Improvements can be implemented in internal audit processes.

Answer: B

Question 4

Which of the following should be incorporated in a risk management policy?I. Boundaries and limit structures.II. Requirements for reporting risk.III. Risk authorities.

A : I and II only

B : I and III only

C : II and III only

D : I, II, and III.

Answer: D

Question 5

A daily log of treasury dealers who exceeded their authorized limits serves as a:

A : Preventive control.

B : Detective control.

C : Feed-forward control.

D : Directive control.

Answer: B

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Total 951 Questions | Updated On: Apr 01, 2026

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