Practice IIA-IAP Exam Online

Question 1

The best reason for separating the cash-receiving function from the related recordkeeping function is to

A : Improve physical security over the cash-receiving function.

B : Provide accountability for cash received.

C : Minimize misappropriations in cash receipts.

D : Segregate cash payments from cash receipts.

Answer: C

Question 2

A workpaper is complete when it

A : Complies with the internal audit activity’s format requirements.

B : Satisfies the engagement objective for which it is developed.

C : Contains all of the attributes of an observation.

D : Is clear, concise, and accurate.

Answer: B

Question 3

Which of the following is the major decision point to make regarding outsourcing an internal audit function?

A : D.Whom to outsource

B : C.Where to outsource

C : B.When to outsource

D : A.What to outsource

Answer: D

Question 4

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

A :

Regardless of the adequacy of control design, it is important to evaluate the operating effectiveness of all key controls to justify the integrity of the internal audit process.

B : Even if a control is effective, it may not achieve the control objective due to an inadequate design.

C :

Control designs are considered adequate as long as secondary controls will effectively mitigate the risk.

Answer: B

Question 5

The CAE bears the responsibility to do which of the following?

A : Foster collective objectivity.

B : Assess the level of independence of the board.

C : Foster individual objectivity.

D : Assess the level of knowledge, skills, and competencies of the chief financial officer.

Answer: C

Name:	Internal Audit Practitioner
Exam Code:	IIA-IAP
Certification:	Certified Internal Auditor
Vendor:	IIA
Total Questions:	1102
Last Updated:	Aug 12, 2026

IIA IIA-IAP Answers