Practice IIA-IAP Exam Online

Question 1

The primary purpose for the chief audit executive's communication of the internal audit activity's plans and resource requirements to senior management and the board is to

A : Indicate future internal audit staffing needs

B : Identify internal audit engagement scope limitations

C : Highlight the internal audit activity's view of significant risk areas

D : Ensure that the work of the internal audit activity supports the organization's objectives

Answer: D

Question 2

When evaluating the independence of an internal audit activity, a quality assurance review team performing an external assessment considers several factors. Which of the following factors has the least amount of influence when judging an internal audit activity’s independence?

A : Impartial and unbiased judgments.

B : The extent of internal auditor training in communications skills.

C : Criteria used in making internal auditors’ assignments.

D : Relationship between engagement records and engagement communications.

Answer: B

Question 3

According to the IIA Standards, reported audit findings emerge by a process of comparing “what should be” with “what is.” In determining “what should be” during an audit of a company's treasury function, which of the following would be the least desirable criteria against which to judge current operations?

A : B.Company policies and procedures delegating authority and assigning responsibilities.

B : C.Finance textbook illustrations of generally accepted good treasury function practices.

C : D.Codification of best practices of the treasury function in relevant industries.

D : A.The operations of the treasury function as documented during the last audit.

Answer: D

Question 4

When a risk assessment process has been used to construct an audit engagement schedule, which of the following should receive attention first?

A : A new accounts payable system is currently undergoing testing by the information technology department.

B : Management has requested an investigation of possible lapping in receivables.

C : The existing accounts payable system has not been audited over the past year.

D : The external auditors have requested assistance for their upcoming annual audit.

Answer: B

Question 5

What characteristic of information is satisfied by an original signed document?

A : Reliability.

B : Relevance.

C : Sufficiency.

D : Usefulness.

Answer: A

Name:	Internal Audit Practitioner
Exam Code:	IIA-IAP
Certification:	Certified Internal Auditor
Vendor:	IIA
Total Questions:	1102
Last Updated:	Nov 04, 2025

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