IIA Internal Audit Practitioner - IAA-IAP Exam Questions

QUESTION NO: 1
In a standard process mapping document, a diamond shape typically represents which of the following?

QUESTION NO: 2
If an internal auditor needs to evaluate compliance with an internal control policy, which sampling method is most appropriate?

QUESTION NO: 3
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?

QUESTION NO: 4
Which of the following would be a common benefit of using generalized audit software?

QUESTION NO: 5
Internal and external benchmarking by the internal audit activity are examples of which of the following?

QUESTION NO: 6
An internal auditor was gathering information regarding the receiving process and decided that a narrative memorandum was the best way to document the process. Which of the following explanations best supports the auditor's decision?

QUESTION NO: 7
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?

QUESTION NO: 8
In addition to the internal auditor, which of the following parties need to be present at an exit or closing conference?

QUESTION NO: 9
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?

QUESTION NO: 10
An internal auditor is conducting a human resources audit engagement. Which of the following observations would increase the probability of fraud?