STUDY IIA-IAP REFERENCE - PREPARATION IIA-IAP STORE

Study IIA-IAP Reference - Preparation IIA-IAP Store

Study IIA-IAP Reference - Preparation IIA-IAP Store

Blog Article

Tags: Study IIA-IAP Reference, Preparation IIA-IAP Store, Free IIA-IAP Practice Exams, IIA-IAP Reliable Exam Bootcamp, IIA-IAP Test Discount

You may have gone through a lot of exams. Now if you go to the exam again, will you feel anxious? IIA-IAP study guide can help you solve this problem. When you are sure that you really need to obtain an internationally certified IIA-IAP certificate, please select our IIA-IAP exam questions. You must also realize that you really need to improve your strength. Our company has been developing in this field for many years.

IIA-IAP exam consists of 125 multiple-choice questions, which must be completed within two hours and 30 minutes. IIA-IAP exam covers five domains: 1) Foundations of Internal Auditing, 2) Independence and Objectivity, 3) Proficiency and Due Professional Care, 4) Quality Assurance and Improvement, and 5) Governance, Risk Management, and Control. The passing score for the exam is 70%.

To be eligible for the IIA-IAP Certification Exam, candidates must have completed at least one year of work experience in internal auditing or a related field. IIA-IAP exam itself consists of 100 multiple-choice questions that cover a range of topics related to internal auditing, including risk management, governance, internal control, and audit engagement.

>> Study IIA-IAP Reference <<

Free Valid IIA IIA-IAP Questions Updates and Free Demos

Our IIA-IAP training materials have been honored as the panacea for the candidates for the exam since all of the contents in the IIA-IAP guide materials are the essences of the exam. There are detailed explanations for some difficult questions in our IIA-IAP exam practice. Consequently, with the help of our study materials, you can be confident that you will pass the exam and get the related certification as easy as rolling off a log. So what are you waiting for? Just take immediate action to buy our IIA-IAP learning guide!

IIA Internal Audit Practitioner Sample Questions (Q53-Q58):

NEW QUESTION # 53
If an internal auditor needs to evaluate compliance with an internal control policy, which sampling method is most appropriate?

  • A. Attribute sampling
  • B. Probability-proportional-to-size sampling
  • C. Difference estimation sampling

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Attribute Sampling: This method is used to evaluate compliance by determining the presence or absence of specific attributes (e.g., adherence to policies or procedures). It is most suitable for assessing yes/no questions or deviations in internal control testing.
* Example: Checking whether purchase orders are properly approved as per policy.


NEW QUESTION # 54
Which of the following interview techniques would be most effective in a fraud investigation?

  • A. The interviewer should ensure that only the interviewer and the suspect are present for 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 be positioned between the suspect and the door to discourage the suspect from leaving during the interview.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Allowing the Suspect to Use Their Own Words: Encouraging the suspect to speak freely provides the investigator with unfiltered insights and may reveal inconsistencies or useful details. This technique also minimizes the risk of appearing coercive or intimidating.


NEW QUESTION # 55
Which of the following best demonstrates that appropriate and sufficient resources were allocated to an audit engagement to achieve its objectives?

  • A. Approved engagement work program.
  • B. Staff skills audit.
  • C. Post-engagement survey of management of the audited area.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 2200 - Engagement Planning: The engagement work program outlines the resources, timelines, and procedures necessary to achieve the engagement's objectives.
* The work program must be approved to ensure alignment with objectives and resource requirements.
* Reasoning:
* Option B is correct because an approved engagement work program confirms that the scope, procedures, and resources were planned and allocated effectively.
* Option A (staff skills audit) evaluates team competencies but does not confirm specific resource allocation for an engagement.
* Option C (post-engagement survey) evaluates the outcome of the audit but does not provide evidence of initial resource planning.
* Significance of the Work Program:
* The work program ensures that the engagement is structured to meet objectives efficiently, with adequate and relevant resources.


NEW QUESTION # 56
Which of the following best describes the knowledge, skills, and abilities that internal auditors should possess with regard to fraud?

  • A. Specialized skills for developing and implementing controls to prevent fraud.
  • B. Sufficient knowledge to evaluate the risk of fraud.
  • C. Expertise in detecting and investigating fraud.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1210.A2: Internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization.
* They are not expected to have the expertise of a fraud examiner or forensic investigator.
* Reasoning:
* Option B is correct because internal auditors need enough knowledge to assess fraud risks and provide assurance over controls designed to mitigate those risks.
* Option A overstates the requirement, as fraud detection and investigation require specialized expertise typically outside the scope of general internal auditing.
* Option C refers to control development, which is a management responsibility, not an internal audit role.
* Role of Internal Audit in Fraud:
* Auditors evaluate fraud risks and provide recommendations to improve controls, ensuring alignment with organizational risk management strategies.


NEW QUESTION # 57
According to IIA guidance, which of the following is the primary criterion that should determine the extent of supervision required for an audit engagement?

  • A. The proficiency of the internal auditors and the complexity of the engagement.
  • B. Whether the engagement involves possible violations of laws and governmental regulations.
  • C. The number of hours approved by the board for that engagement.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Extent of Supervision: The level of supervision required is determined by the auditors' proficiency (experience and skill set) and the complexity of the engagement. This ensures the work is executed effectively while maintaining compliance with IIA standards.


NEW QUESTION # 58
......

Compared with other education platform on the market, DumpsReview is more reliable and highly efficiently. It provide candidates who want to pass the IIA-IAP exam with high pass rate IIA-IAP study materials, all customers have passed the IIA-IAP Exam in their first attempt. They all need 20-30 hours to learn on our website can pass the IIA-IAP exam. It is really a high efficiently exam tool that can help you save much time and energy to do other things.

Preparation IIA-IAP Store: https://www.dumpsreview.com/IIA-IAP-exam-dumps-review.html

Report this page