IIA IAA-IAP : Internal Audit Practitioner

IAA-IAP real exams

Exam Code: IAA-IAP

Exam Name: Internal Audit Practitioner

Updated: May 30, 2026

Q & A: 100 Questions and Answers

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IIA Internal Audit Practitioner Sample Questions:

1. Which of the following actions could the chief audit executive take to most directly support the requirement that internal auditors maintain proficiency?

A) Obtain approval of the internal audit activity's purpose, authority, and responsibility
B) Develop a risk-based internal audit plan
C) Provide training and mentoring opportunities


2. 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'srecommendation to reduce the level of reviews?

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


3. In the absence of any action to control or modify the circumstances, the probability of loss arising from circumstances existing in an environment is known as which of the following types of risk?

A) Inherent
B) Residual
C) Control


4. When determining the appropriate level of resources needed for an engagement, which of the following would be the first step?

A) Identify required technology and audit tools
B) Determine travel and related costs for the engagement
C) Determine the sufficiency of internal audit staff


5. Which of the following elements of the Fraud Triangle is directly under the organization's control?

A) Opportunity
B) Pressure
C) Rationalization


Solutions:

Question # 1
Answer: C
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: C
Question # 5
Answer: A

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