IIA-IAP Exam Questions - Navigate Your Path to Success

The IIA Internal Audit Practitioner (IIA-IAP) exam is a good choice for Internal Auditors Risk Managers and if the candidate manages to pass IIA Internal Audit Practitioner exam, he/she will earn IIA Certified Internal Auditor Certification. Below are some essential facts for IIA IIA-IAP exam candidates:

In actual IIA Internal Audit Practitioner (IIA-IAP) exam, a candidate can expect 100 Questions and the officially allowed time is expected to be around 120 Minutes.
TrendyCerts offers 100 Questions that are based on actual IIA-IAP syllabus.
Our IIA-IAP Exam Practice Questions were last updated on: Mar 07, 2025

Sample Questions for IIA-IAP Exam Preparation

Question 1

The chief audit executive scheduled an exit meeting to discuss conclusions and recommendations with management before issuing the final engagement communication. Which of the following describes the primary reason that the exit meeting should be documented?

AThe Standards require that the internal auditor document exit meetings

BThe information may be needed if a disagreement about the content arises

CThe results of the discussion form part of the internal auditor's performance review

Correct : B

Comprehensive and Detailed Step-by-Step Explanation:

Exit Meetings: The purpose of an exit meeting is to ensure that management understands and agrees (or documents any disagreements) with the audit findings, conclusions, and recommendations. Proper documentation ensures that there is a record of the discussion, which can be referred to later if disputes arise about the content.

Other Options:

Option A: The IIA Standards do not explicitly mandate documenting exit meetings. While it is a best practice, it is not a direct requirement.

Option C: The exit meeting's primary purpose is to clarify findings, not evaluate the auditor's performance.

Thus, the correct answer is B.

Options Selected by Other Users:

Question 2

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

AAttribute sampling

BDifference estimation sampling

CProbability-proportional-to-size sampling

Correct : A

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.

Other Options:

Difference Estimation Sampling: Typically used for quantitative testing to estimate the difference between observed and expected values.

Probability-Proportional-to-Size Sampling: Focuses on monetary unit sampling and is commonly used in substantive testing to detect material misstatements.

Thus, the correct answer is A.