IIA CERTIFICATION IIA-IAP EXAM QUESTIONS AND ANSWERS COME OUT

IIA certification IIA-IAP exam questions and answers come out

IIA certification IIA-IAP exam questions and answers come out

Blog Article

Tags: New IIA-IAP Dumps Book, IIA-IAP Reliable Exam Guide, IIA-IAP New Exam Braindumps, Latest IIA-IAP Study Plan, New IIA-IAP Learning Materials

Although a lot of products are cheap, but the quality is poor, perhaps users have the same concern for our latest IIA-IAP exam preparation materials. Here, we solemnly promise to users that our IIA-IAP exam questions error rate is zero. Everything that appears in our products has been inspected by experts. In our IIA-IAP practice materials, users will not even find a small error, such as spelling errors or grammatical errors. It is believed that no one is willing to buy defective products, so, the IIA-IAP study guide has established a strict quality control system.

IIA-IAP exam covers the fundamental principles of internal auditing, including governance, risk management, control, and ethics. Internal Audit Practitioner certification is based on the International Standards for the Professional Practice of Internal Auditing (Standards) and the Code of Ethics developed by the Institute of Internal Auditors (IIA). IIA-IAP exam consists of 100 multiple-choice questions and is administered in a computer-based format. Candidates have two hours to complete the exam.

IIA-IAP Exam is an excellent professional development opportunity for individuals who are new to the internal audit field or wish to improve their knowledge and skills. It is also a great way to demonstrate to employers and colleagues that you have a solid understanding of internal audit principles and practices. The IIA-IAP Exam is recognized globally, and passing it can enhance your career prospects and earning potential.

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.

>> New IIA-IAP Dumps Book <<

100% Pass Perfect IIA - New IIA-IAP Dumps Book

As we all know, the world does not have two identical leaves. People’s tastes also vary a lot. So we have tried our best to develop the three packages for you to choose. Now we have free demo of the IIA-IAP study materials, which can print on papers and make notes. Then windows software of the IIA-IAP Exam Questions, which needs to install on windows software. Aiso online engine of the IIA-IAP study materials, which is convenient because it doesn’t need to install on computers.

IIA Internal Audit Practitioner Sample Questions (Q59-Q64):

NEW QUESTION # 59
Which of the following best describes an audit engagement in which the objective is to appraise the economy of an oil shale mining process and the degree to which yearly production targets are being achieved?

  • A. Due diligence
  • B. Operational
  • C. Business process improvement

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Operational Audit: This type of audit focuses on evaluating the efficiency, effectiveness, and economy of operations, such as the mining process and production targets in this case.


NEW QUESTION # 60
During engagement planning, which of the following would provide an internal auditor with a sufficient understanding of the process being audited?

  • A. The objectives and risk management of the process.
  • B. Management's opinion on the thoroughness of a previous internal audit of the same process.
  • C. The mission, vision, and strategic objectives of the organization.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 2200 - Engagement Planning: Internal auditors must develop a plan that considers the objectives, risks, and controls of the area being audited.
* Standard 2210 - Engagement Objectives: The objectives of the engagement must be aligned with the organization's processes and risk management practices.
* Reasoning:
* Option C is correct because understanding the process's objectives and associated risks allows the auditor to design procedures to assess how well risks are managed and objectives are achieved.
* Option A (mission, vision, and strategic objectives) provides organizational context but does not give detailed insights into the specific process.
* Option B (management's opinion) is subjective and insufficient for developing a comprehensive understanding of the process.
* Effective Engagement Planning:
* Focus on process-specific objectives, risks, and controls ensures a targeted and effective audit, contributing to meaningful outcomes.


NEW QUESTION # 61
Which of the following is an example of criteria in an engagement communication?

  • A. The audit test was designed to evaluate compliance with the organization's policies and procedures related to business conduct and ethics.
  • B. Annual business conduct training was not performed over the past two years due to inadequate operating budgets.
  • C. As a result of inadequate business conduct training, 16% of the executive team was unaware of their obligation to report potential conflicts of interest.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to Criteria:
* Definition: Criteria are the standards, policies, or benchmarks used to evaluate the subject matter during an audit.
* IIA Standard 2410 - Criteria for Communicating: Audit reports should clearly state criteria to ensure findings are relevant and actionable.
* Reasoning:
* Option B is correct because it references the organization's policies and procedures, which serve as the criteria for evaluating compliance.
* Option A describes the condition (what was observed), not the criteria.
* Option C describes the effect (the impact of the observed condition).
* Importance of Criteria in Audit Reporting:
* Including criteria provides a basis for comparison, helping stakeholders understand why a finding is significant and how it deviates from expectations.


NEW QUESTION # 62
An internal auditor discovers that a vendor had submitted invoices and was paid for services not rendered. Which of the following controls is most appropriate to address this type of issue?

  • A. The supervisor should verify that the amount paid agrees with the contracted amount.
  • B. The supervisor should observe the input of invoices into the payment system.
  • C. The accounts payable clerk should compare the acknowledgment of goods and services to the invoice.

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 2130 - Control: Internal audit must assess whether controls ensure compliance and prevent fraud.
* Reasoning:
* Option A directly addresses the root cause: payment for unrendered services. Requiring acknowledgment of receipt ensures only valid invoices are paid.
* Option B (observing invoice input) ensures data entry accuracy but does not address fraud.
* Option C (verifying amounts) ensures correct payments for legitimate invoices but does not prevent unauthorized payments.
* Best Practice:
* Verifying acknowledgment of services before payment is a preventive control, reducing fraud risk.


NEW QUESTION # 63
Duties in a purchasing system are segregated and performed by different people. One person orders the goods, another person receives the goods, and another pays for the goods. This is an example of which of the following controls?

  • A. Preventive
  • B. Detective
  • C. Directive

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to Internal Controls:
* Preventive controls are designed to prevent errors, fraud, or irregularities before they occur by ensuring that processes and activities are performed correctly from the start.
* Standard 2130 - Control: Internal auditors assess the design and effectiveness of controls to prevent risks from materializing.
* Reasoning:
* Option A is correct because segregation of duties (ordering, receiving, and paying) is a preventive control, as it prevents a single person from having the authority to initiate, authorize, and complete a transaction, reducing the risk of fraud or errors.
* Option B (Directive) would focus on guiding behavior, such as setting policies or expectations.
* Option C (Detective) refers to controls that identify and detect errors after they occur, such as audits or reviews.
* Impact of Segregation of Duties:
* By ensuring duties are segregated, organizations minimize the risk of fraudulent activities and errors, thus acting as a preventive measure.


NEW QUESTION # 64
......

Most people are nervous and anxious to take part in the IIA-IAP exam for the first time. Then it is easy for them to make mistakes. So it is important to get familiar with the real test environment. Also, the real test environment of the IIA-IAP Study Materials can help you control time. After all, you must submit your practice in limited time in IIA-IAP practice materials. Trust in our IIA-IAP training guide, and you will get success for sure.

IIA-IAP Reliable Exam Guide: https://www.realexamfree.com/IIA-IAP-real-exam-dumps.html

Report this page