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IAA-IAP practice test questions answers

IIA IAA-IAP Dumps Questions Answers

Exam Code:
IAA-IAP
Last Update: Dec 354, 2024
100 Questions Answers with Explanation Detail
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Average Score In Real
Exam At Testing Centre

92%

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IAA-IAP Q&A's Detail

Exam Code:
IAA-IAP
Total Questions:
100 Q&A's
Single Choice Questions:
100 Q&A's

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Internal Audit Practitioner Questions and Answers

Questions 1

Which of the following is considered an organization-level control, as opposed to process-level or transaction-level?

Options:

A.

Personnel policies requiring the employment of competent personnel, based on training and experience, to manage complex functions such as accounting and financial reporting.

B.

Supervision of finance employees, including day-to-day oversight and periodic performance evaluations.

C.

Segregated budgeting responsibilities of finance employees, including review and approval of financial reports.

Questions 2

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

Options:

A.

The mission, vision, and strategic objectives of the organization.

B.

Management's opinion on the thoroughness of a previous internal audit of the same process.

C.

The objectives and risk management of the process.

Questions 3

Which of the following elements are typically included in an engagement work program?

Options:

A.

Planning, objectives, and preliminary risk assessments

B.

Fieldwork, analytical testing, and resources

C.

Opinions and final engagement communications

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