Free IIA IIA-IAP Exam Questions

Become IIA Certified with updated IIA-IAP exam questions and correct answers

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Total 1102 Questions | Updated On: Jun 05, 2025

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Question 1

When hiring entry-level internal audit staff, which of the following will most likely predict the applicant's success as an auditor?

A : A.Grade point average on college accounting courses

B : C.Ability to organize and express thoughts well

C : B.Ability to fit well socially into a group

D : D.Level of detailed knowledge of the company

Answer: B

Question 2

The audit committee has raised a few issues that the internal audit activity will examine during an operational audit for the current year. When performing the preliminary survey, which of the following is not an appropriate technique?

A : A.Performing interviews.

B : C.Determining the largest risk of financial statement misstatement.

C : B.Developing questionnaires.

D : D.All of the answers are appropriate techniques.

Answer: B

Question 3

According to the International Professional Practices Framework, the most complete definition of controls is

A : Policies and practices designed to ensure that assets are properly protected and that operating and financial records have integrity.

B : Actions taken by management to manage risk and increase the likelihood that established objectives and goals will be met.

C : Processes and procedures that are designed to ensure that all transactions are properly authorized and accounted for.

D : A management-designed accounting system and related procedures.

Answer: B

Question 4

Company A recently acquired Company B. Company B is in a very different industry from Company A. Ten internal auditors have been assigned to review key areas of Company B’s operations. The CAE has arranged for the auditors to receive industry training prior to the commencement of work. How should the CAE explain to the board why the industry training is needed?

A : Internal auditors will be unable to contribute to the legitimate and ethical objectives of the organization.

B : Internal auditors do not have the necessary knowledge, skills, or experience to complete the work.

C : Internal auditors may distort the reporting of activities if all material facts are not known to them.

D : Internal auditors will not know how to be prudent in the use and protection of the information acquired in the course of their duties.

Answer: B

Question 5

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

Page: 1 / 221

Total 1102 Questions | Updated On: Jun 05, 2025

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