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IIA IAA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Foundations of Internal Auditing | 35% | - Internal Audit Fundamentals
|
| Topic 2: Governance, Risk Management, and Control | 30% | - Governance and Risk
|
| Topic 3: Fraud Risks | 15% | - Fraud Awareness
|
| Topic 4: Ethics and Professionalism | 20% | - Professional Conduct
|
IIA Internal Audit Practitioner Sample Questions:
1. Which of the following statements is true regarding engagement status meetings?
A) They should involve the chief audit executive and senior management.
B) They are expected to enhance the relationships between the internal audit activity and management of the area under review.
C) They mainly involve one-way communication from the internal auditor to management of the area under review.
2. Which of the following is considered an organization-level control, as opposed to process-level or transaction- level?
A) Personnel policies requiring the employment of competent personnel, based on training and experience, to manage complex functions such as accounting and financial reporting.
B) Segregated budgeting responsibilities of finance employees, including review and approval of financial reports.
C) Supervision of finance employees, including day-to-day oversight and periodic performance evaluations.
3. During a procurement process consulting engagement, the internal auditors reviewed contracts for the hospital's supply of medicine. Which of the following would the internal auditors most likely recommend to improve the effectiveness of the procurement process?
A) The procurement process should begin with clearly specified needs.
B) Only qualified procurement professionals should manage the procurement process.
C) The procurement process must be comprehensively documented.
4. During a travel expense audit engagement, the internal auditor discovered that the accounts payable staff spend a significant amount of time previewing expense reports before the reports are sent to managers for review and approval. The total of all expense reports during a year represents less than 1% of the organization' s total budget. Which of the following best supports the auditor'srecommendation to reduce the level of reviews?
A) The inherent risk of travel expense fraud is low.
B) The cost of the control outweighs the benefit.
C) The duplication of effort in the review process is unnecessary.
5. Which of the following is an example of criteria in an engagement communication?
A) As a result of inadequate business conduct training, 16% of the executive team was unaware of their obligation to report potential conflicts of interest.
B) Annual business conduct training was not performed over the past two years due to inadequate operating budgets.
C) The audit test was designed to evaluate compliance with the organization's policies and procedures related to business conduct and ethics.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: C |






