Certified Internal Auditor (CIA) Practice Test

Disable ads (and more) with a membership for a one time $2.99 payment

Study for the Certified Internal Auditor (CIA) Test. Prepare with comprehensive flashcards and multiple choice questions. Each question comes with hints and explanations to boost your confidence. Ace your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.


If appointed to develop an internal audit activity, what is the most appropriate approach for hiring?

  1. Hire internal auditors with all required skills

  2. Hire inexperienced personnel and train them

  3. Hire degreed accountants exclusively

  4. Hire internal auditors with a collective skill set

The correct answer is: Hire internal auditors with a collective skill set

The most appropriate approach for developing an internal audit activity is to hire internal auditors with a collective skill set. This option is advantageous because a diverse team of auditors can bring varied expertise and perspectives to the internal audit process. In practice, internal audits often require a range of skills, including knowledge of accounting principles, risk management, compliance, and information technology. By assembling a team with a collective skill set, the internal audit function can effectively address a broader spectrum of issues and adapt to the changing demands of the organization. Moreover, a collective skill set allows for enhanced collaboration among team members, facilitating the sharing of best practices, techniques, and specialized knowledge. This collaborative environment can lead to more effective risk assessments and stronger, more comprehensive audit conclusions. While hiring internal auditors with all required skills might seem ideal, it may be unrealistic to find individuals who possess every single skill needed. Focusing exclusively on degreed accountants can limit the scope of expertise available within the team, particularly in a field where interdisciplinary knowledge is often crucial. Hiring inexperienced personnel and training them could take significant time and resources, and there might be a steep learning curve that could delay the establishment of a competent audit function. Therefore, selecting a team that collectively holds a range of skills is the most