Free IIA IIA-IAP Exam Questions

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Total 1102 Questions | Updated On: Dec 16, 2025

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Question 1

Assessments of the independence of an organization's external auditors shouldI. Be carried out only when the external auditor is appointed.II. Be carried out when the external auditor is appointed and regularly thereafter.III. Not include any participation by the internal audit activity.IV. Include participation by the internal audit activity.

A : II and IV only.

B : II and III only.

C : I and IV only.

D : I and III only.

Answer: A

Question 2

Which of the following would be a common benefit of using generalized audit software?

A : It enables internal auditors to perform tests on data with the assistance of the organization's IT personnel.

B : It enables internal auditors to analyze very large quantities of data.

C : It eliminates the need to obtain access privileges to relevant and reliable data.

Answer: B

Question 3

In publicly held companies, management often requires the internal audit activity's involvement with quarterly financial statements that are made public and used internally. Which of the following is generally not a reason for such involvement?

A : Management may perceive that having quarterly financial information examined by the internal auditors enhances its value for internal decision making.

B : Management may be concerned about its reputation in the financial markets.

C : Management may be concerned about potential penalties that could occur if quarterly financial statements are misstated.

D : The Standards state that internal auditors should be involved with reviewing quarterly financial statements.

Answer: D

Question 4

Which of the following would be most relevant regarding the internal control environment?

A : Comparing and validating internal performance with external benchmarking

B : Assessing controls over computerized applications

C : Maintaining and reviewing detailed financial records

D : Documenting the organizational structure

Answer: D

Question 5

Which of the following items is least likely to be considered when determining the strategy for assessing governance, risk management, and control?

A : The organizational culture.

B : The maturity of the processes.

C : The members of the audit committee.

D : The seniority of the persons responsible.

Answer: C

Page: 1 / 221

Total 1102 Questions | Updated On: Dec 16, 2025

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