PDF Version DemoIIA IAA-IAP Exam Overview:
| Certification Vendor: | The Institute of Internal Auditors (IIA) |
|---|---|
| Exam Name: | Internal Audit Practitioner Examination |
| Exam Number: | IAA-IAP |
| Exam Format: | Computer-based Exam, Multiple Choice Questions |
| Exam Price: | USD 280 - USD 445 (varies by member/non-member and region) |
| Available Languages: | Indonesian, Vietnamese, Traditional Chinese, German, Russian, French, Japanese, Arabic, Spanish, Turkish, Polish, Thai, Portuguese, Korean, Simplified Chinese, English |
| Real Exam Qty: | 125 |
| Exam Duration: | 150 minutes |
| Passing Score: | 600 out of 750 |
| Certificate Validity Period: | Permanent (from 28 May 2025 onwards; previously 3 years) |
| Related Certifications: | Certification in Risk Management Assurance (CRMA) Certified Internal Auditor (CIA) |
| Recommended Training: | IIA Official IAP Study Materials IIA Learning and Education |
| Exam Registration: | IIA Certification Candidate Management System Pearson VUE Registration |
| Sample Questions: | IIA IAA-IAP Sample Questions |
| Exam Way: | Computer-based testing at Pearson VUE centers or online proctored |
| Pre Condition: | No formal education or experience prerequisites; open to students, new auditors, and professionals |
| Official Syllabus URL: | https://www.theiia.org/en/certifications/iap/ |
IIA IAA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics and Professionalism | 20% | - Professional values and behavior - Confidentiality and integrity - IIA Code of Ethics - Ethical dilemmas and resolution |
| Topic 2: Fraud Risks and Controls | 15% | - Types and indicators of fraud - Internal audit responsibilities regarding fraud - Fraud risk assessment - Fraud prevention and detection controls |
| Topic 3: Governance, Risk Management, and Control | 30% | - Governance principles and frameworks - Risk management processes and techniques - Assessing adequacy and effectiveness of controls - Internal control concepts and frameworks - Role of internal audit in governance, risk, and control |
| Topic 4: Foundations of Internal Auditing | 35% | - Independence and objectivity - International Professional Practices Framework (IPPF) - Competence and due professional care - Definition and purpose of internal auditing - Global Internal Audit Standards - Quality assurance and improvement program |
IIA Internal Audit Practitioner Sample Questions:
Question 1
Which of the following is the best audit procedure to determine whether all of a bank's loans are backed by sufficient collateral, properly aged as to current payments, and properly categorized as current or noncurrent?
A. Use generalized audit software to read the total loan file, age the file by last payment due, and select a statistical sample stratified by the current and aged population. Examine each loan selected for proper collateralization and aging.
B. Select a discovery sample of all loan applications to determine whether each application contains a statement of collateral.
C. Select a block sample of all loans in excess of a specified dollar limit and determine whether they are current and properly categorized. For each loan approved, verify aging and categorization.
Question 2
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?
A. The Standards require that the internal auditor document exit meetings
B. The results of the discussion form part of the internal auditor's performance review
C. The information may be needed if a disagreement about the content arises
Question 3
Which of the following is an element of a well-formed audit recommendation?
A. Factual evidence identified during the engagement.
B. Factors that allowed the condition to exist.
C. Measures to prevent recurrence of the condition.
Question 4
During which stage of an audit engagement would the engagement supervisor identify the tasks that were already completed and the remaining tasks to be performed?
A. When documenting the work program.
B. When developing the test approach.
C. When allocating resources.
Question 5
During engagement planning, which of the following would provide an internal auditor with a sufficient understanding of the process being audited?
A. Management's opinion on the thoroughness of a previous internal audit of the same process.
B. The objectives and risk management of the process.
C. The mission, vision, and strategic objectives of the organization.
Solutions:
| Question 1 Answer: A | Question 2 Answer: C | Question 3 Answer: C | Question 4 Answer: A | Question 5 Answer: B |
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