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

According to IIA standards, the Chief Audit Executive (CAE) is responsible for confirming to the board, at least annually, the organizational independence of the internal audit activity. This is crucial for maintaining the effectiveness of the audit function and ensuring that it operates without undue influence from management, thereby allowing the board to trust in the impartiality and efficacy of the audit reports.References:

IIA Standard 1110.A1: "Organizational Independence"

Organizational governance processes are best described as the processes employed by the board of directors to authorize, provide guidance, and oversee management to promote the achievement of organizational objectives. This definition captures the essence of governance as the framework through which the highest level of strategic decision-making and oversight occurs within an organization.References: IIA guidance on governance and the role of the board

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According to IIA guidance, senior management is ultimately responsible for ensuring that the internal control system of an organization’s social responsibility program is effective. This responsibility stems from management's role in establishing and maintaining a system of internal controls that supports the achievement of organizational objectives, including those related to social responsibility.References: IIA's guidance on governance, which places responsibility for the effectiveness of internal controls primarily on senior management.

According to IIA guidance, internal auditors are encouraged to obtain appropriate professional designations. This encouragement is part of a broader recommendation to pursue continuous professional development and maintain proficiency in audit practices. The statement correctly reflects the IIA's position on the importance of professional qualifications, though it does not imply that specific designations are mandatory.References: IIA standards and guidelines, which promote ongoing professional education and encourage auditors to obtain certifications relevant to their field of work.