IIA Internal Audit Practitioner : IAA-IAP valid dumps

IAA-IAP real exams

Exam Code: IAA-IAP

Exam Name: Internal Audit Practitioner

Updated: Sep 14, 2025

Q & A: 100 Questions and Answers

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IIA Internal Audit Practitioner Sample Questions:

1. According to The IIA's Code of Ethics, which of the following best illustrates the principle of confidentiality?

A) The auditor declined to lead an audit of a department in which his nephew is the manager.
B) The auditor declined to delegate critical audit lead responsibilities to a new auditor.
C) The auditor refused to use information learned during an audit to diversify his financial portfolio.


2. A newly hired internal auditor has been asked to examine the sales of a specific product over the last four years. Which of the following analytical review techniques should the auditor employ?

A) Ratio analysis.
B) External benchmarking.
C) Trend analysis.


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

A) Assisting with the development of policies and procedures
B) Advising on control designs
C) Facilitating organizational control self-assessments


4. Which of the following conditions involving the chief audit executive (CAE) is most likely to impair the independence of the internal audit activity?

A) The CAE reports directly to the controller for the organization, and the internal audit activity resides in the office of the comptroller.
B) The CAE has direct access to records, personnel, and physical properties throughout the organization.
C) The CAE regularly attends and participates in critical executive management meetings for the organization.


5. 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?

A) The observation doesn't affect the adequacy of the internal controls because the existing process controls ensure that invoices are promptly and accurately paid.
B) The observation is a sign of adequate internal controls; however, effectiveness testing should be performed to ensure that the controls are operating as designed and intended.
C) The observation is an internal control weakness; therefore, additional testing should be performed to determine whether secondary mitigating controls exist or whether the control should be redesigned.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: C
Question # 4
Answer: A
Question # 5
Answer: C

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