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IIA IAA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Governance, Risk Management, and Control | 30% | - Governance principles and frameworks - Role of internal audit in governance, risk, and control - Risk management processes and techniques - Internal control concepts and frameworks - Assessing adequacy and effectiveness of controls |
| Topic 2: Ethics and Professionalism | 20% | - Confidentiality and integrity - IIA Code of Ethics - Professional values and behavior - Ethical dilemmas and resolution |
| Topic 3: Foundations of Internal Auditing | 35% | - Global Internal Audit Standards - International Professional Practices Framework (IPPF) - Competence and due professional care - Independence and objectivity - Quality assurance and improvement program - Definition and purpose of internal auditing |
| Topic 4: Fraud Risks and Controls | 15% | - Fraud risk assessment - Internal audit responsibilities regarding fraud - Fraud prevention and detection controls - Types and indicators of fraud |
IIA Internal Audit Practitioner Sample Questions:
1. Which of the following tools would assist with the coordination of efforts between the internal audit team and operational management?
A) Automated workpapers.
B) Continuous auditing.
C) Control self-assessment.
2. Which of the following interview techniques would be most effective in a fraud investigation?
A) The interviewer should allow the suspect to use his own words and only interrupt if a point requires clarification.
B) The interviewer should ensure that only the interviewer and the suspect are present for the interview.
C) The interviewer should be positioned between the suspect and the door to discourage the suspect from leaving during the interview.
3. An internal auditor discovers that a vendor had submitted invoices and was paid for services not rendered. Which of the following controls is most appropriate to address this type of issue?
A) The supervisor should observe the input of invoices into the payment system.
B) The accounts payable clerk should compare the acknowledgment of goods and services to the invoice.
C) The supervisor should verify that the amount paid agrees with the contracted amount.
4. Which of the following best describes the purpose of a detailed engagement risk assessment?
A) To prioritize risks to the activity's objectives, according to the likelihood of occurrence.
B) To consider significant risks to the activity's objectives and the means by which the potential impact of risk is kept to an acceptable level.
C) To ensure that all risks identified during the engagement planning process are addressed during the audit.
5. Which of the following best ensures that the internal audit activity is free from undue interference from management?
A) Audit policies and procedures that are comprehensive and well-documented, in accordance with the Standards.
B) A board audit committee that is composed of competent, independent members.
C) An audit charter that defines the chief audit executive's functional reporting relationship with the board.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: C |



