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IIA IAA-IAP Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Governance, Risk Management, and Control30%- Risk management processes and techniques
- Internal control concepts and frameworks
- Assessing adequacy and effectiveness of controls
- Role of internal audit in governance, risk, and control
- Governance principles and frameworks
Topic 2: Ethics and Professionalism20%- Ethical dilemmas and resolution
- Confidentiality and integrity
- Professional values and behavior
- IIA Code of Ethics
Topic 3: Foundations of Internal Auditing35%- Definition and purpose of internal auditing
- Quality assurance and improvement program
- Competence and due professional care
- Global Internal Audit Standards
- International Professional Practices Framework (IPPF)
- Independence and objectivity
Topic 4: Fraud Risks and Controls15%- Fraud risk assessment
- Types and indicators of fraud
- Internal audit responsibilities regarding fraud
- Fraud prevention and detection controls

IIA Internal Audit Practitioner Sample Questions:

An internal auditor was gathering information regarding the receiving process and decided that a narrative memorandum was the best way to document the process. Which of the following explanations best supports the auditor's decision?

  • A. The process is simple and does not need a visual depiction
  • B. The department has comprehensive manuals
  • C. The audit engagement is not considering efficiency
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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To be organizationally independent, the chief audit executive should administratively report to which of the following?

  • A. The audit committee.
  • B. The board of directors.
  • C. The chief executive officer.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Which of the following conditions involving the chief audit executive (CAE) is most likely to impair the independence of the internal audit activity?

  • A. The CAE regularly attends and participates in critical executive management meetings for the organization.
  • B. The CAE reports directly to the controller for the organization, and the internal audit activity resides in the office of the comptroller.
  • C. The CAE has direct access to records, personnel, and physical properties throughout the organization.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Which of the following statements best describes quality audit workpapers?

  • A. They should be electronic and indexed.
  • B. They should be relevant and interesting.
  • C. They should be understandable and complete.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Which of the following actions could the chief audit executive take to most directly support the requirement that internal auditors maintain proficiency?

  • A. Provide training and mentoring opportunities
  • B. Develop a risk-based internal audit plan
  • C. Obtain approval of the internal audit activity's purpose, authority, and responsibility
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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