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IIA IAA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Foundations of Internal Auditing | 35% | - Internal Audit Fundamentals
|
| Governance, Risk Management, and Control | 30% | - Governance and Risk
|
| Ethics and Professionalism | 20% | - Professional Conduct
|
| Fraud Risks | 15% | - Fraud Awareness
|
IIA Internal Audit Practitioner Sample Questions:
1. Which of the following statements is appropriate to include in a high-quality internal audit engagement communication?
A) The internal audit team noted numerous weaknesses in the organization's internal controls over financial reporting. The team recommends that management determine the root cause of the weaknesses.
B) The internal audit team conducted an engagement under the assumption that significant control weaknesses were likely. The purpose of the review was to uncover those weaknesses.
C) The internal audit team conducted a review of the financial reporting process prior to year-end. The overall findings have been provided for management's consideration prior to the completion of the organization's annual external financial audit.
2. Which of the following is an advantage of communicating audit observations as they are identified?
A) The auditor may receive additional pertinent documentation or other relevant information
B) The auditor may be able to plan more efficiently next year's audit
C) The auditor may not need to communicate the final results of the audit to the board
3. Which of the following best demonstrates that appropriate and sufficient resources were allocated to an audit engagement to achieve its objectives?
A) Staff skills audit.
B) Post-engagement survey of management of the audited area.
C) Approved engagement work program.
4. What is the primary purpose of a preliminary survey?
A) To develop a risk and control matrix for the process under review.
B) To determine why the engagement is being performed.
C) To gain an understanding of the process under review.
5. During engagement planning, which of the following would provide an internal auditor with a sufficient understanding of the process being audited?
A) The mission, vision, and strategic objectives of the organization.
B) Management's opinion on the thoroughness of a previous internal audit of the same process.
C) The objectives and risk management of the process.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: C |






