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IIA IAA-IAP Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Audit Tools and Techniques | - Sampling methods - Data analysis techniques |
| Topic 2: Governance, Risk, and Control | - Governance principles - Internal control frameworks - Risk management concepts |
| Topic 3: Foundations of Internal Auditing | - Ethics and professional standards - Internal audit definition and purpose |
| Topic 4: Internal Audit Process | - Follow-up and monitoring - Fieldwork and evidence collection - Reporting and communication - Audit planning and scoping |
IIA Internal Audit Practitioner Sample Questions:
1. Which of the following consulting engagements leverages an internal auditor's risk and control knowledge to help the organization keep abreast of emerging risks?
A) Facilitating organizational control self-assessments
B) Advising on control designs
C) Assisting with the development of policies and procedures
2. Which of the following is the best audit procedure to determine whether all of a bank's loans are backed by sufficient collateral, properly aged as to current payments, and properly categorized as current or noncurrent?
A) Select a discovery sample of all loan applications to determine whether each application contains a statement of collateral.
B) Select a block sample of all loans in excess of a specified dollar limit and determine whether they are current and properly categorized. For each loan approved, verify aging and categorization.
C) Use generalized audit software to read the total loan file, age the file by last payment due, and select a statistical sample stratified by the current and aged population. Examine each loan selected for proper collateralization and aging.
3. During engagement planning, which of the following sources would provide the internal auditor with relevant information to obtain an understanding of the process under review?
A) Mission, strategic objectives, and key performance indicators of the process under review, based on documented plans, policies, procedures, and discussions with management
B) Final report from an external financial audit of the process under review, which includes the status of management's corrective action plans
C) The internal audit activity's annual audit plan and discussions that led to its development
4. Duties in a purchasing system are segregated and performed by different people. One person orders the goods, another person receives the goods, and another pays for the goods. This is an example of which of the following controls?
A) Detective
B) Preventive
C) Directive
5. Which of the following would an internal auditor most likely use to document a complex process that includes risks and controls, timelines, and ownership of key steps?
A) Process map.
B) Risk and control matrix.
C) Detailed flowchart.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: B | Question # 5 Answer: B |






