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IIA-IAP Exam Questions
- Topic 1: Internal Audit Attributes (IIA Standard 1000, 1100, 1200): This section measures the skills of Internal Audit Professionals and covers the elements of The IIA’s International Professional Practices Framework (IPPF). Candidates will explain the differences between assurance and consulting services provided by internal audit activities. They will define internal audit independence and an individual auditor's objectivity, including identifying any impairments to objectivity. Additionally, candidates will describe the knowledge and competencies required for internal auditors and define due professional care while illustrating competency through continuing professional development.
- Topic 2: Nature of Work (IIA Standard 2100): In this section, the exam focuses on Risk Management Specialists and defines fundamental concepts of risk and the effectiveness of risk management within processes and functions. Candidates will describe internal control concepts, types of controls, and globally accepted internal control frameworks.
- Topic 3: Engagement Planning (IIA Standard 2200): This section is aimed at Audit Managers and emphasizes identifying relevant information as part of a preliminary survey of the engagement area. Candidates will define engagement objectives, evaluation criteria, and the scope of the engagement to ensure key risks and controls are identified.
- Topic 4: Engagement Work (IIA Standard 2300): Targeted at Internal Audit Executives, this section covers recognizing the relevance, sufficiency, and reliability of evidence for workpapers that support conclusions and engagement results. Candidates will learn about the risk implications and relevant controls of common business processes such as human resources, procurement, and sales.
- Topic 5: Engagement Communication (IIA Standard 2400): This topic focuses on enhancing communication skills for Audit Communication Specialists. Candidates will recognize communication quality attributes such as accuracy, clarity, conciseness, and timeliness. They will discuss recommendations aimed at enhancing organizational value and describe various forms of engagement communication including preliminary reports, interim reporting, and conclusions to ensure effective stakeholder engagement throughout the audit process.
Free IIA IIA-IAP Exam Actual Questions
Note: Premium Questions for IIA-IAP were last updated On Jul. 22, 2025 (see below)
Management requested that the chief audit executive (CAE) include an audit of the organization's health and safety program in next year's annual audit plan. However, the internal audit activity has no expertise in this are
a. Which of the following would be the most appropriate actions for the CAE?
Comprehensive and Detailed Step-by-Step Explanation:
Reference to IIA Standards:
Standard 1210 - Proficiency: The internal audit activity must possess or obtain the knowledge, skills, and competencies needed to perform its responsibilities effectively.
If internal expertise is lacking, external resources or subject matter experts should be engaged.
Reasoning:
Option A is correct because collaborating with an internal expert ensures that the audit is performed competently while addressing the health and safety risks comprehensively.
Option B (amending the scope) avoids addressing critical risks, which may undermine the value of the audit.
Option C (relying on management's risk assessment) is inappropriate, as the internal audit function must independently evaluate the area.
Mitigating Lack of Expertise:
Leveraging subject matter experts ensures compliance with professional standards and the integrity of the audit process.
Which of the following best describes a compliance audit engagement?
Comprehensive and Detailed Step-by-Step Explanation:
Reference to Compliance Auditing:
Definition: Compliance audits assess adherence to external laws, regulations, or internal policies and procedures.
Standard 2130 - Control: Internal audit must evaluate the adequacy and effectiveness of controls to ensure compliance with applicable laws and regulations.
Reasoning:
Option A is correct because assessing adherence to safety regulations is a compliance activity focused on legal and regulatory conformity.
Option B (analyzing economic activity) relates more to financial auditing or accounting standards compliance, not regulatory compliance.
Option C (reviewing an external service provider's risk management process) aligns with a risk or assurance engagement, not compliance.
Impact of Compliance Audits:
Ensuring adherence to legal requirements protects the organization from regulatory penalties and enhances operational integrity.
Which of the following is most likely to be considered an internal audit assurance service?
Comprehensive and Detailed Step-by-Step Explanation:
Reference to IIA Standards:
Definition of Assurance Services: Assurance services involve the objective examination of evidence to provide an independent assessment of governance, risk management, and control processes.
Compliance engagements align with assurance services by verifying adherence to laws, regulations, or internal policies.
Reasoning:
Option C qualifies as assurance because it involves assessing whether compliance requirements are met.
Option A (process design) and Option B (facilitation) are advisory in nature and fall under consulting services, not assurance.
Impact on the Organization:
Compliance assurance engagements provide critical oversight, helping organizations maintain accountability and avoid regulatory penalties.
Which of the following statements is appropriate to include in a high-quality internal audit engagement communication?
Comprehensive and Detailed Step-by-Step Explanation:
Reference to IIA Standards:
Standard 2420 - Quality of Communications: Reports should be accurate, objective, clear, concise, constructive, and complete.
Findings must be presented factually and free from assumptions or bias.
Reasoning:
Option A is correct because it presents the purpose, timing, and findings in a clear and professional manner, allowing management to take informed action.
Option B lacks balance and shifts responsibility for identifying root causes to management without actionable recommendations.
Option C includes a biased assumption, undermining the report's objectivity and professionalism.
Impact of Quality Communication:
High-quality communications support decision-making by presenting findings and recommendations constructively.
Which of the following best ensures that the internal audit activity is free from undue interference from management?
Comprehensive and Detailed Step-by-Step Explanation:
Reference to IIA Standards:
Standard 1110 - Organizational Independence: The chief audit executive (CAE) must report functionally to the board to ensure independence.
The audit charter must define the CAE's functional reporting line to the board, securing protection from undue management influence.
Reasoning:
Option C addresses the foundational document---the audit charter---that establishes the CAE's authority and independence.
Option A refers to operational standards, but they do not directly safeguard against interference.
Option B strengthens governance but is secondary to the audit charter in securing independence.
Impact:
A robust audit charter formalizes the CAE's reporting relationship and ensures organizational independence, empowering internal audit.
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