ACTUAL IIA IIA-IAP EXAM QUESTIONS IN PDF

Actual IIA IIA-IAP Exam Questions in PDF

Actual IIA IIA-IAP Exam Questions in PDF

Blog Article

Tags: New IIA-IAP Test Guide, Valid IIA-IAP Study Materials, IIA-IAP Vce Free, IIA-IAP Reliable Exam Price, Valid IIA-IAP Exam Online

The most important feature of the online version of our IIA-IAP learning materials are practicality. The online version is open to all electronic devices, which will allow your device to have common browser functionality so that you can open our products. At the same time, our online version of the IIA-IAP Learning Materials can also be implemented offline, which is a big advantage that many of the same educational products are not able to do on the market at present.

IIA-IAP (Internal Audit Practitioner) Exam is a certification designed for professionals who are looking to achieve a career in internal auditing. It is an excellent way for individuals to validate their skills, knowledge, and experience in this field. The IIA IIA-IAP Exam is created by the Institute of Internal Auditors (IIA), and it helps professionals to enhance their career opportunities and advance their careers in the field of internal auditing.

IIA-IAP Certification Exam covers a wide range of topics related to internal auditing, including risk management, governance, ethics, and fraud. It is an online, computer-based exam that consists of 100 multiple-choice questions, and candidates have two hours to complete the exam. The passing score for the exam is 70%, and candidates who pass the exam receive the IIA-IAP Certification.

One of the primary benefits of the IIA-IAP certification is that it can help individuals establish credibility within the internal auditing profession. Internal Audit Practitioner certification demonstrates that individuals have a basic understanding of the principles and practices of internal auditing, which can be valuable for securing job opportunities or advancing in their careers. Additionally, the IIA-IAP certification can help individuals gain recognition within their organizations and earn the respect of their peers.

>> New IIA-IAP Test Guide <<

Valid IIA IIA-IAP Study Materials, IIA-IAP Vce Free

All kinds of exams are changing with dynamic society because the requirements are changing all the time. To keep up with the newest regulations of the IIA-IAP exam, our experts keep their eyes focusing on it. And the IIA-IAP study tool can provide a good learning platform for users who want to get the test IIA-IAP Certification in a short time. If you can choose to trust us, I believe you will have a good experience when you use the IIA Certification study guide, and you can pass the exam and get a good grade in the test IIA-IAP certification.

IIA Internal Audit Practitioner Sample Questions (Q95-Q100):

NEW QUESTION # 95
An internal auditor wants to establish the reasonableness of the current period's total payroll costs for the finance department. She divides the actual monthly payroll cost by the number of employees to derive an average cost per employee. Which of the following comparisons to this average cost would be considered trend analysis?

  • A. Similar data for the department from two prior periods.
  • B. Budgeted information of another organization in the same industry.
  • C. The mean of all actual salary amounts.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Trend Analysis: This involves comparing data across different periods to identify patterns, fluctuations, or anomalies. Comparing the current average cost per employee to prior periods' data is a clear example of trend analysis.


NEW QUESTION # 96
Which of the following statements is appropriate to include in a high-quality internal audit engagement communication?

  • A. The internal audit team conducted a review of the financial reporting process prior to year-end. The overall findings have been provided for management's consideration prior to the completion of the organization's annual external financial audit.
  • B. The internal audit team conducted an engagement under the assumption that significant control weaknesses were likely. The purpose of the review was to uncover those weaknesses.
  • C. The internal audit team noted numerous weaknesses in the organization's internal controls over financial reporting. The team recommends that management determine the root cause of the weaknesses.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 2420 - Quality of Communications: Reports should be accurate, objective, clear, concise, constructive, and complete.
* Findings must be presented factually and free from assumptions or bias.
* Reasoning:
* Option A is correct because it presents the purpose, timing, and findings in a clear and professional manner, allowing management to take informed action.
* Option B lacks balance and shifts responsibility for identifying root causes to management without actionable recommendations.
* Option C includes a biased assumption, undermining the report's objectivity and professionalism.
* Impact of Quality Communication:
* High-quality communications support decision-making by presenting findings and recommendations constructively.


NEW QUESTION # 97
Which of the following creates an opportunity for an employee to commit fraud?

  • A. The need for money to pay personal medical bills
  • B. Unfair compensation practices
  • C. Lack of adequate internal controls

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Opportunity: In the Fraud Triangle, "opportunity" refers to the ability to commit fraud due to weaknesses in internal controls, such as poor segregation of duties, lack of oversight, or inadequate monitoring systems. These factors are directly within the organization's control to address.


NEW QUESTION # 98
Management requested that the chief audit executive (CAE) include an audit of the organization's health and safety program in next year's annual audit plan. However, the internal audit activity has no expertise in this area. Which of the following would be the most appropriate actions for the CAE?

  • A. With management's agreement, amend the audit scope so that specialized expertise is not needed.
  • B. Accept the request, provided management has conducted a thorough risk assessment prior to the engagement to help guide the audit.
  • C. Work with an internal subject matter expert to complete the audit.

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1210 - Proficiency: The internal audit activity must possess or obtain the knowledge, skills, and competencies needed to perform its responsibilities effectively.
* If internal expertise is lacking, external resources or subject matter experts should be engaged.
* Reasoning:
* Option A is correct because collaborating with an internal expert ensures that the audit is performed competently while addressing the health and safety risks comprehensively.
* Option B (amending the scope) avoids addressing critical risks, which may undermine the value of the audit.
* Option C (relying on management's risk assessment) is inappropriate, as the internal audit function must independently evaluate the area.
* Mitigating Lack of Expertise:
* Leveraging subject matter experts ensures compliance with professional standards and the integrity of the audit process.


NEW QUESTION # 99
During a travel expense audit engagement, the internal auditor discovered that the accounts payable staff spend a significant amount of time previewing expense reports before the reports are sent to managers for review and approval. The total of all expense reports during a year represents less than 1% of the organization' s total budget. Which of the following best supports the auditor's recommendation to reduce the level of reviews?

  • A. The inherent risk of travel expense fraud is low.
  • B. The duplication of effort in the review process is unnecessary.
  • C. The cost of the control outweighs the benefit.

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Cost-Benefit Analysis: Controls should be cost-effective. Spending significant resources on a process that accounts for less than 1% of the budget indicates that the cost of the control (extensive reviews) outweighs the potential benefits.


NEW QUESTION # 100
......

As you all know that practicing with the wrong preparation material will waste your valuable money and many precious study hours. So you need to choose the most proper and verified preparation material with caution. Preparation material for the IIA-IAP exam questions from TestSimulate helps to break down the most difficult concepts into easy-to-understand examples. Also, you will find that all the included questions are based on the last and updated IIA-IAP Exam Dumps version. We are sure that using TestSimulate's IIA Exam Questions preparation material will support you in passing the IIA-IAP exam with confidence.

Valid IIA-IAP Study Materials: https://www.testsimulate.com/IIA-IAP-study-materials.html

Report this page