Question 1The internal audit charter and board approval
Why should the chief audit executive discuss a proposed charter with the board and senior management before it is approved?
Prepare for Part 1 with every answer explained.
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One from each section, at the exam's level. Pick an answer to see why it is best and why the others are not.
Question 2Confidentiality and the use of information
The head of marketing at a software firm asks an auditor for a copy of the recent report on the sales department, saying she wants to learn from its mistakes. She is not on the report's distribution list. What should the auditor do?
Question 3Organizational governance and the board's oversight
A governance review at a manufacturer finds that the chief executive also chairs the board and sets its agendas, and most directors are former executives of the company. What is the main governance concern?
Question 4When fraud risk needs special consideration in an engagement
Before fieldwork on a manufacturer's procurement process, the engagement team meets to discuss how someone inside or outside the company could commit fraud in the process and hide it. What is the main purpose of this session?
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The 4 sections
Part 1 has 125 questions in 150 minutes, at a Pearson VUE test center. A scaled score of 600 or more on a 250 to 750 scale passes.
Foundations of Internal Auditing
The purpose and mandate of internal auditing, the charter, assurance and advisory services, organizational independence and the Three Lines Model.
35% of the exam: 44 questions in each of our mocks
Ethics and Professionalism
Integrity and professional courage, objectivity and its impairments, competency, due professional care and confidentiality.
20% of the exam: 25 questions in each of our mocks
Governance, Risk Management, and Control
Governance and the board, culture and compliance programs, types of risk, the risk management process, and the types and design of internal controls.
30% of the exam: 37 questions in each of our mocks
Fraud Risks
Types of fraud and fraud risk, red flags, controls that prevent and detect fraud, and investigation techniques and internal audit's role.
15% of the exam: 19 questions in each of our mocks
In the course
- 10 interactive lessons
- 211 practice questions, every answer explained
- 2 full 125-question mocks in 150 minutes
Guides
Internal Audit Part 1 Prep Pro
US$349one payment
- 10 interactive lessons
- 211 practice questions with every option explained
- 2 full 125-question practice exams in 150 minutes
Full refund within 14 days, for any reason. Terms
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Take the free diagnostic firstOne payment. No sales tax is added. Access until October 31, 2027.
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