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IIA IIA-IAP - Questions & Answers

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Question 1
Single choice

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

A.

The interviewer should be positioned between the suspect and the door to discourage the suspect from leaving during the interview.

B.

The interviewer should allow the suspect to use his own words and only interrupt if a point requires clarification.

C.

The interviewer should ensure that only the interviewer and the suspect are present for the interview.

Question 2
Single choice

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?

A.

Confirmation that controls are operating efficiently.

B.

Recommendations aimed at reducing risk exposure.

C.

Reports that state identified deficiencies were remedied during the audit.

Question 3
Single choice

The internal audit activity has been tasked with evaluating the effectiveness of the organization's risk management processes.

Which of the following activities are appropriate and relevant to consider in the overall evaluation?

A.

The chief audit executive's observations of the organization's finance committee

B.

An external audit of the organization's corporate social responsibility and sustainability management, including communication of findings to management and the board

C.

Evaluation of risk management effectiveness obtained during multiple audit engagements over the past year

Question 4
Single choice

Which of the following elements of the Fraud Triangle is directly under the organization's control?

A.

Pressure

B.

Rationalization

C.

Opportunity

Question 5
Single choice

Which of the following best describes the knowledge, skills, and abilities that internal auditors should possess with regard to fraud?

A.

Expertise in detecting and investigating fraud.

B.

Sufficient knowledge to evaluate the risk of fraud.

C.

Specialized skills for developing and implementing controls to prevent fraud.

Question 6
Single choice

Which of the following statements is true regarding root cause analysis?

A.

Root cause analysis enables internal auditors to improve the effectiveness and efficiency of the

organization's governance, risk management, and control processes.

B.

Root cause analysis is a simple, straightforward tool that can be implemented by internal auditors who may not possess relevant subject matter expertise.

C.

Root cause analysis enables internal auditors to reveal multiple causes and recommend control enhancements for each cause identified.

Question 7
Single choice

As part of the annual training plan, the chief audit executive (CAE) has arranged for a local audit training institute to provide an in-house training session for the internal audit team.

Which of the following best explains the primary purpose of this approach?

A.

It helps the internal auditors maintain a required level of proficiency.

B.

It helps the internal audit activity attain an appropriate organizational status to maintain independence.

C.

It assists the CAE with assessing the results of the internal audit team's development efforts.

Question 8
Single choice

Which of the following statements best describes quality audit workpapers?

A.

They should be relevant and interesting.

B.

They should be electronic and indexed.

C.

They should be understandable and complete.

Question 9
Single choice

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

A.

Process design engagement.

B.

Facilitation engagement.

C.

Compliance engagement.

Question 10
Single choice

What is the purpose of establishing engagement objectives during the planning phase of an internal audit?

A.

To ensure that audit procedures are designed to address the risks relevant to the area being audited.

B.

To ensure that all auditors have a common understanding of the area being audited.

C.

To ensure that the work performed by other internal or external assurance providers is considered during audit planning.

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