Pass IIA-IAP Exam to Get IIA Certification

1. Which of the following would best support the overall risk assessment?

2. According to IIA guidance, which of the following are commonly standardized workpaper elements?

3. Which of the following internal auditor attributes benefits the most from continuous professional development?

4. To be organizationally independent, the chief audit executive should administratively report to which of the following?

5. The engagement supervisor is coordinating an audit of investments and needs to select an audit team member to determine the test attributes.

Which of the following team members is most appropriate for the engagement supervisor to select?

6. A member of the internal audit team worked eight months ago in an area of the organization that she is now being tasked with auditing.

Which of the following would most likely be impacted by her participation in the audit?

7. In addition to the internal auditor, which of the following parties need to be present at an exit or closing conference?

8. Which of the following creates an opportunity for an employee to commit fraud?

A. Lack of adequate internal controls

B. Unfair compensation practices

C. The need for money to pay personal medical bills

9. Which of the following tools would assist with the coordination of efforts between the internal audit team and operational management?

10. Which of the following is most likely to be considered an internal audit assurance service?

11. An internal auditor is performing an internal control assessment at a manufacturing company. The auditor observed that the accounts payable clerks have the ability to create new vendors without management's review and approval.

How should the auditor document this observation?

12. In a standard process mapping document, a diamond shape typically represents which of the following?

13. Which of the following statements is true with regard to the adequacy of a control design?

14. According to IIA guidance, which of the following is the primary criterion that should determine the extent of supervision required for an audit engagement?

15. An internal auditor is reporting on the organization's asset management system.

Which of the following would likely add the greatest value to the organization?

16. Information collected and documented in audit workpapers should be sufficient to:

17. What are the typical elements of a risk and control matrix used in the engagement planning process?

18. During an accounts payable audit engagement, the internal auditor identified a risk that vendor invoices may be paid multiple times.

Which of the following would be appropriate preventive controls to mitigate this risk?

19. Which of the following conditions would threaten an internal auditor's objectivity?

20. Which of the following statements is appropriate to include in a high-quality internal audit engagement communication?

21. 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?

22. Which of the following consulting engagements leverages an internal auditor's risk and control knowledge to help the organization keep abreast of emerging risks?

23. During engagement planning, which of the following would provide an internal auditor with a sufficient understanding of the process being audited?

24. Which of the following interview techniques would be most effective in a fraud investigation?

25. Internal and external benchmarking by the internal audit activity are examples of which of the following?

26. 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 area.

Which of the following would be the most appropriate actions for the CAE?

27. 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?

28. 1.During which stage of an audit engagement would the engagement supervisor identify the tasks that were already completed and the remaining tasks to be performed?

29. An internal auditor is conducting a human resources audit engagement.

Which of the following observations would increase the probability of fraud?

30. Which of the following is the best audit procedure to determine whether all of a bank's loans are backed by sufficient collateral, properly aged as to current payments, and properly categorized as current or noncurrent?