IIA IIA-IAP Practice Exams
Last updated on Oct 21,2026- Exam Code: IIA-IAP
- Exam Name: Internal Audit Practitioner
- Certification Provider: IIA
- Latest update: Oct 21,2026
During engagement planning, which of the following sources would provide the internal auditor with relevant information to obtain an understanding of the process under review?
- A . Final report from an external financial audit of the process under review, which includes the status of management’s corrective action plans
- B . Mission, strategic objectives, and key performance indicators of the process under review, based on documented plans, policies, procedures, and discussions with management
- C . The internal audit activity’s annual audit plan and discussions that led to its development
Which of the following is a common computer-assisted audit tool used to analyze data?
- A . Social media
- B . Spreadsheet software
- C . Word processing software
Which of the following statements is true regarding engagement status meetings?
- A . They are expected to enhance the relationships between the internal audit activity and management of the area under review.
- B . They mainly involve one-way communication from the internal auditor to management of the area under review.
- C . They should involve the chief audit executive and senior management.
Which of the following is a purpose of an embedded audit module?
- A . It enables continuous monitoring of transaction processing.
- B . It identifies program code that may have been inserted for unauthorized purposes.
- C . It verifies the correctness of account balances on a master file.
Which of the following is an example of criteria in an engagement communication?
- A . Annual business conduct training was not performed over the past two years due to inadequate operating budgets.
- B . The audit test was designed to evaluate compliance with the organization’s policies and procedures related to business conduct and ethics.
- 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.
Which of the following best describes a compliance audit engagement?
- A . The auditor reviews controls of the oil shale mining process to assess adherence to safety regulations established by local authorities.
- B . The auditor analyzes the economic activity of the organization as measured and reported using international accounting standards.
- C . The auditor conducts a review to provide assurance that the external service provider of maintenance for the organization has an effective risk management process.
Which of the following actions could the chief audit executive take to most directly support the requirement that internal auditors maintain proficiency?
- A . Develop a risk-based internal audit plan
- B . Provide training and mentoring opportunities
- C . Obtain approval of the internal audit activity’s purpose, authority, and responsibility
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.
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.
During an accounts payable audit engagement, the internal auditor found that vendor invoices are always paid 30 days after the invoice date, regardless of the vendor’s payment terms. The auditor also discovered that accounts payable employees are not comparing vendor invoices received to previous vendor invoices prior to payment.
Based on the auditor’s observations, what are the potential risks?
- A . Poor cash management due to potentially lost payment discounts
- B . Poor cash management due to potentially paying fraudulent invoices
- C . Poor cash management due to potentially paying the wrong vendors