CIA PART 1 EXAM WITH ALL NEEDED TO
PASS
Mission Nof NInternal NAudit N- Ncorrect Nanswers N-To Nenhance Nand Nprotect
Norganizational Nvalue Nby Nproviding Nrisk-based Nand Nobjective Nassurance, Nadvice,
Nand Ninsight.
Core NPrinciples Nfor Nthe NProfessional NPractice Nof NInternal NAuditing N- Ncorrect
Nanswers N-Demonstrates Nintegrity.
Demonstrates Ncompetence Nand Ndue Nprofessional Ncare.
Is Nobjective Nand Nfree Nfrom Nundue Ninfluence N(independent).
Aligns Nwith Nthe Nstrategies, Nobjectives, Nand Nrisks Nof Nthe Norganization.
Is Nappropriately Npositioned Nand Nadequately Nresourced.
Demonstrates Nquality Nand Ncontinuous Nimprovement.
,Communicates Neffectively.
Provides Nrisk-based Nassurance.
Is Ninsightful, Nproactive, Nand Nfuture-focused.
Promotes Norganizational Nimprovement.
Risk NCategories N- Ncorrect Nanswers N-1. NBusiness NDisruption Nand NSystem
NFailures
2. NClients, NProducts, N& NBusiness NPractices
3. NCredit
4. NDamage Nto NPhysical NAssets
5. NExternal NFraud
6. NEmployment NPractices Nand NWorkplace NSafety
7. NExecution, NDelivery N& NProcess NManagement
8. NInternal NFraud
9. NInsurance
10. NMarket
Types Nof NControls N- Ncorrect Nanswers N-1. NAnalytical NProcedures
2. NApprovals Nand NAuthorizations
3. NConfirmations
4. NException NReporting Nand NTracking
5. NOngoing NMonitoring
6. NPhysical NSecurity
7. NReconciliations N
8. NSegregation Nof NDuties
9. NTransaction/Application NControls
10. NInformation Nand NCommunication
11. NRisk NAssessment
12. NTraining
Definition Nof NInternal NAuditing N- Ncorrect Nanswers N-Internal Nauditing Nis Nan
Nindependent, Nobjective Nassurance Nand Nconsulting Nactivity Ndesigned Nto Nadd
Nvalue Nand Nimprove Nan Norganization's Noperations. NIt Nhelps Nan Norganization
Naccomplish Nits Nobjectives Nby Nbringing Na Nsystematic, Ndisciplined Napproach Nto
Nevaluate Nand Nimprove Nthe Neffectiveness Nof Nrisk Nmanagement, Ncontrol, Nand
Ngovernance Nprocesses.
Code Nof NEthics N— NPrinciples N- Ncorrect Nanswers N-1. NIntegrity
2. NObjectivity
3. NConfidentiality
4. NCompetency
Integrity N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nperform Ntheir Nwork Nwith Nhonesty, Ndiligence, Nand Nresponsibility.
, Shall Nobserve Nthe Nlaw Nand Nmake Ndisclosures Nexpected Nby Nthe Nlaw Nand Nthe
Nprofession.
Shall Nnot Nknowingly Nbe Na Nparty Nto Nany Nillegal Nactivity, Nor Nengage Nin Nacts
Nthat Nare Ndiscreditable Nto Nthe Nprofession Nof Ninternal Nauditing Nor Nto Nthe
Norganization.
Shall Nrespect Nand Ncontribute Nto Nthe Nlegitimate Nand Nethical Nobjectives Nof Nthe
Norganization.
Objectivity N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nnot Nparticipate Nin Nany Nactivity Nor Nrelationship Nthat Nmay Nimpair Nor Nbe
Npresumed Nto Nimpair Ntheir Nunbiased Nassessment. NThis Nparticipation Nincludes
Nthose Nactivities Nor Nrelationships Nthat Nmay Nbe Nin Nconflict Nwith Nthe Ninterests Nof
Nthe Norganization.
Shall Nnot Naccept Nanything Nthat Nmay Nimpair Nor Nbe Npresumed Nto Nimpair Ntheir
Nprofessional Njudgment.
Shall Ndisclose Nall Nmaterial Nfacts Nknown Nto Nthem Nthat, Nif Nnot Ndisclosed, Nmay
Ndistort Nthe Nreporting Nof Nactivities Nunder Nreview.
Confidentiality N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nbe Nprudent Nin Nthe Nuse Nand Nprotection Nof Ninformation Nacquired Nin Nthe
Ncourse Nof Ntheir Nduties.
Shall Nnot Nuse Ninformation Nfor Nany Npersonal Ngain Nor Nin Nany Nmanner Nthat
Nwould Nbe Ncontrary Nto Nthe Nlaw Nor Ndetrimental Nto Nthe Nlegitimate Nand Nethical
Nobjectives Nof Nthe Norganization.
Competency N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nengage Nonly Nin Nthose Nservices Nfor Nwhich Nthey Nhave Nthe Nnecessary
Nknowledge, Nskills, Nand Nexperience.
Shall Nperform Ninternal Naudit Nservices Nin Naccordance Nwith Nthe NInternational
NStandards Nfor Nthe NProfessional NPractice Nof NInternal NAuditing N(Standards).
Shall Ncontinually Nimprove Ntheir Nproficiency Nand Nthe Neffectiveness Nand Nquality
Nof Ntheir Nservices.
Add NValue N- Ncorrect Nanswers N-The Ninternal Naudit Nactivity Nadds Nvalue Nto Nthe
Norganization N(and Nits Nstakeholders) Nwhen Nit Nprovides Nobjective Nand Nrelevant
PASS
Mission Nof NInternal NAudit N- Ncorrect Nanswers N-To Nenhance Nand Nprotect
Norganizational Nvalue Nby Nproviding Nrisk-based Nand Nobjective Nassurance, Nadvice,
Nand Ninsight.
Core NPrinciples Nfor Nthe NProfessional NPractice Nof NInternal NAuditing N- Ncorrect
Nanswers N-Demonstrates Nintegrity.
Demonstrates Ncompetence Nand Ndue Nprofessional Ncare.
Is Nobjective Nand Nfree Nfrom Nundue Ninfluence N(independent).
Aligns Nwith Nthe Nstrategies, Nobjectives, Nand Nrisks Nof Nthe Norganization.
Is Nappropriately Npositioned Nand Nadequately Nresourced.
Demonstrates Nquality Nand Ncontinuous Nimprovement.
,Communicates Neffectively.
Provides Nrisk-based Nassurance.
Is Ninsightful, Nproactive, Nand Nfuture-focused.
Promotes Norganizational Nimprovement.
Risk NCategories N- Ncorrect Nanswers N-1. NBusiness NDisruption Nand NSystem
NFailures
2. NClients, NProducts, N& NBusiness NPractices
3. NCredit
4. NDamage Nto NPhysical NAssets
5. NExternal NFraud
6. NEmployment NPractices Nand NWorkplace NSafety
7. NExecution, NDelivery N& NProcess NManagement
8. NInternal NFraud
9. NInsurance
10. NMarket
Types Nof NControls N- Ncorrect Nanswers N-1. NAnalytical NProcedures
2. NApprovals Nand NAuthorizations
3. NConfirmations
4. NException NReporting Nand NTracking
5. NOngoing NMonitoring
6. NPhysical NSecurity
7. NReconciliations N
8. NSegregation Nof NDuties
9. NTransaction/Application NControls
10. NInformation Nand NCommunication
11. NRisk NAssessment
12. NTraining
Definition Nof NInternal NAuditing N- Ncorrect Nanswers N-Internal Nauditing Nis Nan
Nindependent, Nobjective Nassurance Nand Nconsulting Nactivity Ndesigned Nto Nadd
Nvalue Nand Nimprove Nan Norganization's Noperations. NIt Nhelps Nan Norganization
Naccomplish Nits Nobjectives Nby Nbringing Na Nsystematic, Ndisciplined Napproach Nto
Nevaluate Nand Nimprove Nthe Neffectiveness Nof Nrisk Nmanagement, Ncontrol, Nand
Ngovernance Nprocesses.
Code Nof NEthics N— NPrinciples N- Ncorrect Nanswers N-1. NIntegrity
2. NObjectivity
3. NConfidentiality
4. NCompetency
Integrity N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nperform Ntheir Nwork Nwith Nhonesty, Ndiligence, Nand Nresponsibility.
, Shall Nobserve Nthe Nlaw Nand Nmake Ndisclosures Nexpected Nby Nthe Nlaw Nand Nthe
Nprofession.
Shall Nnot Nknowingly Nbe Na Nparty Nto Nany Nillegal Nactivity, Nor Nengage Nin Nacts
Nthat Nare Ndiscreditable Nto Nthe Nprofession Nof Ninternal Nauditing Nor Nto Nthe
Norganization.
Shall Nrespect Nand Ncontribute Nto Nthe Nlegitimate Nand Nethical Nobjectives Nof Nthe
Norganization.
Objectivity N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nnot Nparticipate Nin Nany Nactivity Nor Nrelationship Nthat Nmay Nimpair Nor Nbe
Npresumed Nto Nimpair Ntheir Nunbiased Nassessment. NThis Nparticipation Nincludes
Nthose Nactivities Nor Nrelationships Nthat Nmay Nbe Nin Nconflict Nwith Nthe Ninterests Nof
Nthe Norganization.
Shall Nnot Naccept Nanything Nthat Nmay Nimpair Nor Nbe Npresumed Nto Nimpair Ntheir
Nprofessional Njudgment.
Shall Ndisclose Nall Nmaterial Nfacts Nknown Nto Nthem Nthat, Nif Nnot Ndisclosed, Nmay
Ndistort Nthe Nreporting Nof Nactivities Nunder Nreview.
Confidentiality N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nbe Nprudent Nin Nthe Nuse Nand Nprotection Nof Ninformation Nacquired Nin Nthe
Ncourse Nof Ntheir Nduties.
Shall Nnot Nuse Ninformation Nfor Nany Npersonal Ngain Nor Nin Nany Nmanner Nthat
Nwould Nbe Ncontrary Nto Nthe Nlaw Nor Ndetrimental Nto Nthe Nlegitimate Nand Nethical
Nobjectives Nof Nthe Norganization.
Competency N- Ncorrect Nanswers N-Internal Nauditors:
Shall Nengage Nonly Nin Nthose Nservices Nfor Nwhich Nthey Nhave Nthe Nnecessary
Nknowledge, Nskills, Nand Nexperience.
Shall Nperform Ninternal Naudit Nservices Nin Naccordance Nwith Nthe NInternational
NStandards Nfor Nthe NProfessional NPractice Nof NInternal NAuditing N(Standards).
Shall Ncontinually Nimprove Ntheir Nproficiency Nand Nthe Neffectiveness Nand Nquality
Nof Ntheir Nservices.
Add NValue N- Ncorrect Nanswers N-The Ninternal Naudit Nactivity Nadds Nvalue Nto Nthe
Norganization N(and Nits Nstakeholders) Nwhen Nit Nprovides Nobjective Nand Nrelevant
