Free IIA IIA-IAP Exam Questions

Become IIA Certified with updated IIA-IAP exam questions and correct answers

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Total 1102 Questions | Updated On: Feb 19, 2025

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Question 1

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

A : Pressure

B : Rationalization

C : Opportunity

Answer: C

Question 2

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 3

The optimal administrative reporting line of the CAE is to

A : Board of directors.

B : CEO or equivalent.

C : The audit committee.

D : Line management.

Answer: B

Question 4

The top three sales representatives for a company consistently include non-allowable charges on their expense reports. Line management is reluctant to deny reimbursement of the charges for fear of losing the sales representatives. This situation has the greatest negative impact on which of the following internal control components?

A : Monitoring.

B : Control environment.

C : Information and communication.

D : Control activities.

Answer: B

Question 5

Responsibility for the coordination of internal audit and external audit efforts should be documented in the

A : Internal audit charter

B : Internal audit activity's strategic plan

C : Engagement work schedule

D : Internal assessment report

Answer: A

Page: 1 / 221

Total 1102 Questions | Updated On: Feb 19, 2025

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