Free IIA-CIA-Part1 Mock Exam – Practice Online Confidently

An internal auditor makes a series of observations when performing an analytical review of division operations. The auditor notes the following things: the current ratio is increasing and the quick ratio is decreasing, sales and current liabilities have remained constant, and the number of day sales in inventory is increasing.Which conclusion should the auditor draw from this data?

Which of the following should play a leading role in overseeing the ethical atmosphere of an organization?

An organization is replacing its outsourced internal audit activity by hiring a chief audit executive (CAE) to build an internal audit department. Which of the following should be done to ensure the new department maintains appropriate independence?

The chief audit executive (CAE) wants to ensure that there are sufficient resources available to fulfill the responsibilities of the internal audit activity in the coming year. Which statement describes the most logical sequence of events for the CAE to undertake in order to achieve this objective?

Which of the following is true regarding the purpose of the COSO enterprise risk management framework?1. It is a process that is ongoing and flows throughout the organization.2. It contributes to the formulation of the organization's mission and vision.3. It enables internal audit to provide reasonable assurance to an organization's management and the board.4. It enables the management of risks within an organization's risk appetite.