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Exam IIA-CIA-Part1 topic 1 question 9 discussion

Actual exam question from IIA's IIA-CIA-Part1
Question #: 9
Topic #: 1
[All IIA-CIA-Part1 Questions]

According to the International Professional Practices Framework, internal auditors should possess which of the following competencies?
I. Proficiency in applying internal auditing standards, procedures, and techniques.
II. Proficiency in accounting principles and techniques.
III. An understanding of management principles.
IV. An understanding of the fundamentals of economics, commercial law, taxation, finance, and quantitative methods.

  • A. I only
  • B. II only
  • C. I and III only
  • D. I, III, and IV only
Show Suggested Answer Hide Answer

Suggested Answer: D


4 months, 2 weeks ago
Answer is C? Appreciation of fundamentals of economics, commercial law..ect ?
upvoted 1 times
3 months, 2 weeks ago
I'm surprised with the answer. I think it should be C. Why is it D?
upvoted 1 times
1 day, 8 hours ago
I think the trick lies with the word "understanding" - you are required to have some familiarity with those aspects of III. Whereas II is talking about "proficiency" which is more applicable to external auditors.
upvoted 1 times
1 day, 8 hours ago
*aspects of IV
upvoted 1 times