IIA-CIA-Part1 Practice Exam - Essentials of Internal Auditing

Introduction of IIA IIA-CIA-Part1 Exam!

IIA-CIA-Part1 is the Certified Internal Auditor (CIA) exam Part 1. It is the first of three exams that are required to earn the CIA designation. This exam covers topics such as risk assessment, internal control and governance. It also covers topics related to the business environment and professional standards.

What is the Duration of IIA IIA-CIA-Part1 Exam?

The IIA-CIA-Part1 exam is a three-hour exam consisting of 150 multiple-choice questions.

What are the Number of Questions Asked in IIA IIA-CIA-Part1 Exam?

The IIA-CIA-Part1 exam consists of 125 multiple-choice questions.

What is the Passing Score for IIA IIA-CIA-Part1 Exam?

The passing score required on the IIA IIA-CIA-Part1 exam is 700 out of 1000.

What is the Competency Level required for IIA IIA-CIA-Part1 Exam?

The IIA-CIA-Part1 exam requires a “Competency Level” of Intermediate. This means that you should have a working knowledge of the topics covered in the exam, as well as the ability to apply the concepts to real-world scenarios.

What is the Question Format of IIA IIA-CIA-Part1 Exam?

The IIA IIA-CIA-Part1 exam consists of multiple-choice questions.

How Can You Take IIA IIA-CIA-Part1 Exam?

The IIA IIA-CIA-Part1 exam can be taken either online or at a testing center. For the online version, you can register for the exam on the IIA website and take it from the comfort of your own home. For the testing center version, you will need to register for the exam on the IIA website, select a testing center, and then show up at the testing center on the day of the exam.

What Language IIA IIA-CIA-Part1 Exam is Offered?

The IIA IIA-CIA-Part1 Exam is offered in English only.

What is the Cost of IIA IIA-CIA-Part1 Exam?

The cost of the IIA-CIA-Part1 exam is $415 USD.

What is the Target Audience of IIA IIA-CIA-Part1 Exam?

The target audience for the IIA IIA-CIA-Part1 exam is individuals who are interested in becoming Certified Internal Auditors (CIAs). This exam is designed to assess the knowledge and skills of individuals who are seeking to become certified internal auditors.

What is the Average Salary of IIA IIA-CIA-Part1 Certified in the Market?

The average salary for those who have completed the IIA-CIA-Part1 exam certification varies depending on the individual's experience, skills, and location. According to PayScale, the average salary for someone with IIA-CIA-Part1 certification is $73,000 per year.

Who are the Testing Providers of IIA IIA-CIA-Part1 Exam?

The International Institute of Internal Auditors (IIA) provides the official testing for the Certified Internal Auditor (CIA) Part 1 exam. The exam is administered through a network of Prometric Testing Centers worldwide.

What is the Recommended Experience for IIA IIA-CIA-Part1 Exam?

The recommended experience for the IIA IIA-CIA-Part1 Exam is to have a minimum of two years of internal audit experience. This experience should include performing or assisting in the internal audit of financial statements and/or operational areas. It is also recommended that candidates have a working knowledge of internal audit standards, the Code of Ethics, and risk assessment.

What are the Prerequisites of IIA IIA-CIA-Part1 Exam?

The IIA-CIA-Part1 exam requires that you have a minimum of two years of professional experience in internal auditing, control, or security.

What is the Expected Retirement Date of IIA IIA-CIA-Part1 Exam?

The official website for the IIA IIA-CIA-Part1 exam is https://www.iia.org/certifications/cia-certification/cia-exam-dates-and-fees.html. On this page, you can find information about the exam dates, fees, and the expected retirement date.

What is the Difficulty Level of IIA IIA-CIA-Part1 Exam?

The difficulty level of the IIA IIA-CIA-Part1 exam is considered to be moderate. It is designed to test the knowledge and skills of candidates who have a basic understanding of internal audit principles, practices, and techniques.

What is the Roadmap / Track of IIA IIA-CIA-Part1 Exam?

The certification roadmap for the IIA IIA-CIA-Part1 Exam consists of the following steps:

1. Understand the IIA-CIA-Part1 Exam Objectives: Before taking the exam, it is important to understand the exam objectives and the topics covered.

2. Study the Course Materials: After understanding the exam objectives, it is important to study the course materials provided by the IIA. This includes the IIA-CIA-Part1 Study Guide, Practice Tests, and other resources.

3. Take Practice Tests: Taking practice tests is an important step in preparing for the exam. It helps to identify the areas where more study is needed and also helps to build confidence.

4. Schedule the Exam: Once you are ready, you can schedule the exam with the IIA.

5. Take the Exam: On the day of the exam, make sure to arrive early and be prepared.

6. Receive the

What are the Topics IIA IIA-CIA-Part1 Exam Covers?

The Certified Internal Auditor (CIA) Part 1 exam covers the following topics:

1. Internal Audit Basics: This section covers the fundamental concepts of internal audit, including its purpose, scope, and standards. It also covers the roles and responsibilities of internal auditors.

2. Risk Management and Control: This section covers the principles of risk management and control, including risk assessment, control activities, information and communication, and monitoring.

3. Governance, Ethics, and Compliance: This section covers the principles of corporate governance and the role of internal auditors in promoting ethical behavior and compliance with laws and regulations.

4. Financial Management: This section covers the principles of financial management and the role of internal auditors in assessing financial systems and controls.

5. Information Technology: This section covers the principles of information technology and the role of internal auditors in assessing IT systems and controls.

6. Business Analysis and Valuation: This section covers the

What are the Sample Questions of IIA IIA-CIA-Part1 Exam?

1. What is the purpose of the International Standards for the Professional Practice of Internal Auditing (Standards)?
2. What are the three components of the Code of Ethics for Professional Internal Auditors?
3. Describe the purpose and content of the Internal Audit Activity's Charter.
4. What is the role of the Chief Audit Executive in the internal audit process?
5. What is the difference between a risk-based audit approach and a compliance-based audit approach?
6. Describe the components of an effective internal audit report.
7. What is the purpose of a Quality Assurance and Improvement Program?
8. How can internal auditors add value to an organization?
9. What are the different types of audit evidence and what are their relative strengths and weaknesses?
10. How do internal auditors ensure their work is objective and unbiased?