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IIA IAA-IAP Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Governance, Risk, and Control | - Internal control frameworks - Governance principles - Risk management concepts |
| Topic 2: Foundations of Internal Auditing | - Internal audit definition and purpose - Ethics and professional standards |
| Topic 3: Audit Tools and Techniques | - Sampling methods - Data analysis techniques |
| Topic 4: Internal Audit Process | - Audit planning and scoping - Reporting and communication - Fieldwork and evidence collection - Follow-up and monitoring |
IIA Internal Audit Practitioner Sample Questions:
Which of the following best ensures that the internal audit activity is free from undue interference from management?
- A. Audit policies and procedures that are comprehensive and well-documented, in accordance with the Standards.
- B. An audit charter that defines the chief audit executive's functional reporting relationship with the board.
- C. A board audit committee that is composed of competent, independent members.
Correct Answer: B 🗳️
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Which of the following best explains why internal auditors should identify risk scenarios during a risk assessment of the area being audited?
- A. To evaluate the adequacy of management's risk management process in the area being audited.
- B. To determine what would prevent the achievement of objectives in the area being audited.
- C. To determine whether established controls are operating effectively to mitigate critical risks.
Correct Answer: B 🗳️
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What is the primary objective for testing controls?
- A. To determine whether controls are operating effectively.
- B. To understand whether a control is in place.
- C. To identify major patterns of errors or irregularities that might exist in final account balances.
Correct Answer: A 🗳️
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Which of the following would be considered out of scope for a purchasing process audit engagement?
- A. Matching goods received to requisitions
- B. Control of goods
- C. Authorization of requisitions
Correct Answer: B 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
Which of the following is most likely to be considered an internal audit assurance service?
- A. Compliance engagement.
- B. Process design engagement.
- C. Facilitation engagement.
Correct Answer: A 🗳️
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