IIA Updated IIA-CIA-Part1 Exam Questions and Answers by cadi

An assessment of compliance of individual data protection procedures with data protection regulations

An assessment of profit and loss generated by financial assets and instruments in the past quarter

An assessment of the effectiveness of back-up procedures and execution of business recovery plans

An assessment of performance management practices and establishment of key performance indicators

Accountability risk.

Communication risk.

Knowledge risk.

Cultural risk.

It A new internal audit activity was formed four years ago. An external assessment was never performed, but successive internal assessments were performed and support the conclusion that the internal audit activity conforms with the Standards

An internal self-assessment completed yesterday found that the internal audit activity did not conform with the Standards when carrying out its work. However, the preceding independent external assessment supports the conclusion that the internal audit activity conforms with the Standards.

To reduce costs, the CAE excluded the use of external assessors from the internal audit activity's quality assurance and improvement program for the past seven years.However, the CAE concluded that the internal audit activity conforms with the Standards because all internal assessments over the period have supported this conclusion.

The results of the last external assessment of the internal audit activity, performed a little over five years ago, indicated that the internal audit activity conforms with the Standards. The most recent internal assessment performed within the past year also indicates conformance.

Decline, if it is a consulting engagement, because she recently worked in the organization's accounting department.

Accept, if it is an assurance engagement, as she has been out of the department long enough to not impair objectivity.

Inform the accounting department that the engagement can take place in the future, once she has been removed from accounting for a longer period of time.

Accept, if it is a consulting engagement with agreed-upon scope and services to be provided by the internal audit activity.