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IIA-CIA-Part1 exam is an essential exam for those who want to become certified internal auditors. It covers the fundamental concepts and principles of internal auditing and is a requirement for obtaining the CIA certification. Candidates can prepare for the exam by studying the IIA's Essential of Internal Auditing book, taking practice exams, and attending review courses. Passing IIA-CIA-Part1 exam is the first step in obtaining the CIA certification, which is recognized worldwide as the standard for excellence in the internal audit profession.
IIA-CIA-Part1 Certification Exam covers a wide range of topics related to internal auditing, including governance and risk management, fraud and forensic auditing, and internal control and audit tools. It is a computer-based exam consisting of 125 multiple-choice questions that must be completed within two and a half hours. IIA-CIA-Part1 Exam is scored on a scale of 250-750, with a passing score of 600. Candidates have the option to take the exam at a testing center or remotely from their own computer.
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IIA-CIA-Part1 Exam is a challenging but rewarding certification that can open up many career opportunities for individuals interested in internal auditing. Passing the exam demonstrates a strong knowledge and understanding of the fundamental principles of internal auditing, which is highly valued by employers in the industry. IIA-CIA-Part1 Exam is a valuable investment in one's professional development and can help individuals advance their careers in internal auditing.
NEW QUESTION # 506
According to IIA guidance, which of the following best demonstrates how the chief audit executive may ensure that due professional care is applied?
Answer: A
NEW QUESTION # 507
An organization has developed a model to determine the most profitable rate of production. The organization varies the cost of labor in the model to determine how much the changes affect the optimal production level.
Which type of analysis does this scenario demonstrate?
Answer: D
Explanation:
Section: Volume D
NEW QUESTION # 508
Which of the following actions would be considered a violation of the Standards?
I. Drafts of engagement communications were reviewed with the audit client to obtain input. The client's comments were considered when developing the engagement final communication.
II. An auditor participated as part of a development team to review the control procedures to be incorporated into a major computer application under development.
III. Given limited resources, the chief audit executive performed a risk analysis to determine which functions to audit.
Answer: B
NEW QUESTION # 509
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
Answer: C
NEW QUESTION # 510
An internal audit activity is using the auditing-by-element approach to audit the organization's controls around corporate social responsibility. Which of the following would be an element for the internal audit activity to consider?
Answer: A
NEW QUESTION # 511
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