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IIA IAA-IAP Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Internal Audit Process | - Reporting and communication - Fieldwork and evidence collection - Follow-up and monitoring - Audit planning and scoping |
| Topic 2: Audit Tools and Techniques | - Sampling methods - Data analysis techniques |
| Topic 3: Governance, Risk, and Control | - Governance principles - Risk management concepts - Internal control frameworks |
| Topic 4: Foundations of Internal Auditing | - Internal audit definition and purpose - Ethics and professional standards |
IIA Internal Audit Practitioner Sample Questions:
Question 1
Which of the following describes an internal auditor's use of external benchmarking?
A. The auditor compares return on equity for a beverage company against its competitor to analyze profitability.
B. The auditor evaluates operating income margin between geographical areas within an organization to analyze its profitability.
C. The auditor calculates the net profit margin for a business segment to analyze the profitability.
Question 2
According to IIA guidance, which one of the following hiring strategies is most appropriate to fill internal audit positions?
A. Hire the required number of internal auditors to accomplish the audit plan
B. Recruit candidates to fulfill the skills requirement of the internal audit activity
C. Assess each candidate's competency for an upcoming audit
Question 3
Which of the following tools would assist with the coordination of efforts between the internal audit team and operational management?
A. Continuous auditing.
B. Control self-assessment.
C. Automated workpapers.
Question 4
Which of the following is most likely to be considered an internal audit assurance service?
A. Process design engagement.
B. Compliance engagement.
C. Facilitation engagement.
Question 5
Which of the following is the most important initial action for a chief audit executive to perform when establishing a new internal audit activity?
A. Approve the internal audit budget.
B. Establish a code of ethics for the internal audit activity.
C. Establish an internal audit charter.
Solutions:
| Question 1 Answer: A | Question 2 Answer: B | Question 3 Answer: B | Question 4 Answer: B | Question 5 Answer: C |
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