Professional Standards & Competencies Flashcards
7 cards from real Certified Internal Auditor practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Professional Standards & Competencies flashcards as text
The IIA's International Professional Practices Framework (IPPF) categorizes its guidance into mandatory and recommended. Which element is MANDATORY?
Answer: The Code of Ethics and Standards
The Core (Code of Ethics and International Standards for the Professional Practice of Internal Auditing) constitutes the only mandatory guidance in the IPPF.
An internal auditor who lacks expertise in a specialized area needed for an engagement should:
Answer: Obtain competency through training, use a specialist, or outsource that portion
Standard 1210 allows auditors to address competency gaps by seeking appropriate training, engaging a qualified internal or external specialist, or outsourcing the work.
When the CAE concludes that the internal audit function has conformed with the IIA Standards after completing a QAIP, this conformance may be communicated to stakeholders as:
Answer: Conforms with the International Standards for the Professional Practice of Internal Auditing
Standard 1322 permits the CAE to state that the internal audit function 'conforms with the International Standards for the Professional Practice of Internal Auditing' only when supported by QAIP results.
Which scenario represents a threat to an internal auditor's OBJECTIVITY rather than organizational independence?
Answer: An auditor having recently transferred from the accounts payable department being audited
An auditor who recently worked in the area being audited faces an objectivity (individual bias) threat, while reporting structures and governance gaps affect organizational independence.
The IIA's Code of Ethics applies to which individuals?
Answer: All individuals and entities that provide internal audit services, including IIA members and CIA candidates
The Code of Ethics applies to IIA members, individuals holding IIA certifications, and those applying for certifications—essentially all who provide internal audit services under the IIA umbrella.
Standard 1230 (Continuing Professional Development) requires internal auditors to enhance their knowledge and skills through:
Answer: Continuing professional education (CPE) sufficient to maintain proficiency
Standard 1230 requires auditors to maintain proficiency through ongoing continuing professional education, without specifying a required source or exact CPE hours.
In the context of CIA exam competencies, 'governance' in internal auditing refers to:
Answer: The combination of processes and structures to direct, manage, and oversee organizational activities
Governance encompasses the processes and structures used by an organization's board and management to direct, oversee, and ensure accountability for the organization's activities.