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IIA IAA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Governance, Risk Management, and Control | 30% | - Governance and Risk
|
| Fraud Risks | 15% | - Fraud Awareness
|
| Ethics and Professionalism | 20% | - Professional Conduct
|
| Foundations of Internal Auditing | 35% | - Internal Audit Fundamentals
|
IIA Internal Audit Practitioner Sample Questions:
1. If an internal auditor needs to evaluate compliance with an internal control policy, which sampling method is most appropriate?
A) Probability-proportional-to-size sampling
B) Difference estimation sampling
C) Attribute sampling
2. Which of the following describes an internal auditor's use of external benchmarking?
A) The auditor compares return on equity for a beverage company against its competitor to analyze profitability.
B) The auditor evaluates operating income margin between geographical areas within an organization to analyze its profitability.
C) The auditor calculates the net profit margin for a business segment to analyze the profitability.
3. Which of the following best describes the difference between inherent risk and residual risk?
A) Inherent risk is the level of risk before the risk assessment process, residual risk is the level of risk remaining after completing the risk assessment process.
B) Inherent risk is the level of risk the organization is willing to accept, residual risk is the level of risk deemed unacceptable by the organization.
C) Inherent risk is the level of risk in the absence of any targeted actions or controls to alter its severity, residual risk is the risk remaining after implementing corrective actions.
4. An internal auditor is planning a business continuity audit engagement at a remote manufacturing plant. During planning interviews, the plant manager stated that the local Environmental, Health, and Safety (EHS) Department, which reports to the plant manager, had completed a similar review six months ago. The EHS review did not find any significant weaknesses. How should the internal auditor consider the EHS review results in the current audit engagement planning?
A) Evaluate the objectivity and competency of the EHS reviewers and their work to determine whether their review results may be relied upon.
B) Ignore the EHS review results, as the department is not a reliable source of information due to its lack of objectivity and independence.
C) Recommend canceling the audit engagement, as it would be a duplication of effort to revisit the same process already reviewed by EHS.
5. Internal and external benchmarking by the internal audit activity are examples of which of the following?
A) Confirmation
B) Analytical procedures
C) Inquiry
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: A | Question # 5 Answer: B |





