EXPERT-VERIFIED IIA IAA-IAP EXAM QUESTIONS FOR RELIABLE PREPARATION

Expert-Verified IIA IAA-IAP Exam Questions for Reliable Preparation

Expert-Verified IIA IAA-IAP Exam Questions for Reliable Preparation

Blog Article

Tags: IAA-IAP Sure Pass, IAA-IAP Exam Questions Pdf, Pass IAA-IAP Test, IAA-IAP Test Vce Free, IAA-IAP Test Discount

The contents of our IAA-IAP study materials are all compiled by industry experts based on the examination outlines and industry development trends over the years. IAA-IAP exam guide is not simply a patchwork of test questions, but has its own system and levels of hierarchy, which can make users improve effectively. Our IAA-IAP Study Materials contain test papers prepared by examination specialists according to the characteristics and scope of different subjects. And if you study with our IAA-IAP exam questions, you are bound to pass the IAA-IAP exam.

If they fail to do it despite all their efforts, so "2Pass4sure" they can get a full refund of their money according to terms and conditions.The practice material of "2Pass4sure" is packed with many premium features, and it is getting updated daily according to the real Internal Audit Practitioner (IAA-IAP) exam syllabus. The product of "2Pass4sure" came into existence after consulting with Internal Audit Practitioner (IAA-IAP) many professionals and getting their positive reviews.

>> IAA-IAP Sure Pass <<

IAA-IAP Exam Questions Pdf - Pass IAA-IAP Test

You can use IAA-IAP guide materials through a variety of electronic devices. At home, you can use the computer and outside you can also use the phone. Now that more people are using mobile phones to learn our IAA-IAP study guide, you can also choose the one you like. We have three versions of our IAA-IAP Exam Braindumps: the PDF, the Software and the APP online. And you can free download the demo s to check it out.

IIA Internal Audit Practitioner Sample Questions (Q67-Q72):

NEW QUESTION # 67
Which of the following would best support the overall risk assessment?

  • A. Policies and process procedures provided by the manager of the process under review.
  • B. Detailed organizational charts to understand roles and reporting lines in the area under review.
  • C. Process narratives and process maps with descriptions of risks and controls.

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Process Narratives and Maps: These provide a comprehensive view of the process, including descriptions of risks and controls, making them the most relevant for supporting risk assessments. They help identify gaps or weaknesses in the control environment.


NEW QUESTION # 68
Which of the following is an example of a detective control?

  • A. Segregation of duties.
  • B. Reconciliations.
  • C. Required authorizations.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Definition of Detective Controls:
* Detective controls are designed to identify errors, irregularities, or fraudulent activities after they occur, enabling corrective action.
* Reasoning:
* Option Bis correct because reconciliations compare records (e.g., bank statements against ledgers) to detect discrepancies.
* Option A(segregation of duties) andOption C(required authorizations) are preventive controls designed to stop errors or fraud before they occur.
* Role of Detective Controls:
* Detective controls play a critical role in monitoring and identifying issues, supporting the overall control environment.


NEW QUESTION # 69
The engagement supervisor is coordinating an audit of investments and needs to select an audit team member to determine the test attributes. Which of the following team members is most appropriate for the engagement supervisor to select?

  • A. An auditor with strong leadership skills who has experience leading projects for the IT auditdepartment.
  • B. An auditor who has investment audit experience from a previous organization, but who has never performed investment audits at the current organization.
  • C. An auditor who transferred from the investment department six months prior and has expert knowledge of investments.

Answer: C

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1210 - Proficiency: Internal auditors must possess the necessary knowledge, skills, and competencies to conduct audits effectively.
* The auditor should have the relevant expertise to evaluate investment-related test attributes.
* Reasoning:
* Option Ais correct because the auditor has direct knowledge and expertise in investments, making them the most qualified to determine the relevant test attributes for the audit.
* Option B(IT audit experience) does not align with the specific skills required for investment auditing.
* Option C(previous experience) may offer some advantage, but the lack of familiarity with the current organization's processes limits the auditor's effectiveness.
* Importance of Expertise:
* Selecting an auditor with relevant experience and proficiency ensures that the audit will be conducted with accuracy and that the proper test attributes will be identified.


NEW QUESTION # 70
A newly hired internal auditor has been asked to examine the sales of a specific product over the last four years. Which of the following analytical review techniques should the auditor employ?

  • A. Ratio analysis.
  • B. Trend analysis.
  • C. External benchmarking.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to Analytical Techniques:
* Trend Analysisinvolves examining data over a period to identify patterns, shifts, or anomalies.
* This technique is appropriate for longitudinal data like sales over four years.
* Reasoning:
* Option B(Trend analysis) is correct as it helps the auditor analyze sales performance over time and identify patterns or deviations.
* Option A(Ratio analysis) compares related metrics, such as profitability or liquidity, but does not focus on changes over time.
* Option C(External benchmarking) involves comparing performance to external standards or competitors, not internal historical data.
* Application in Audit:
* Trend analysis allows the auditor to assess growth, seasonal patterns, or irregularities in sales data, providing actionable insights.


NEW QUESTION # 71
Which of the following is the most important initial action for a chief audit executive to perform when establishing a new internal audit activity?

  • A. Approve the internal audit budget.
  • B. Establish an internal audit charter.
  • C. Establish a code of ethics for the internal audit activity.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1000 - Purpose, Authority, and Responsibility: The internal audit charter must define the purpose, authority, and responsibility of the internal audit activity and establish its position within the organization.
* The charter is foundational to the independence, authority, and effectiveness of the internal audit activity.
* Reasoning:
* Option Ais correct because the charter formalizes the internal audit activity's role and ensures alignment with organizational governance. Without a charter, the internal audit function cannot operate effectively or independently.
* Option B(establishing a code of ethics) is important but is part of overall compliance withIIA Standard 1300 - Quality Assurance and Improvement Programand is not the first step.
* Option C(approving the budget) is administrative and secondary to establishing the internal audit charter.
* Importance of the Audit Charter:
* The charter provides the internal audit activity with the mandate to perform its duties, ensuring accountability and defining its scope and authority.


NEW QUESTION # 72
......

Our website offer standard IAA-IAP practice questions that will play a big part in the certification exam. Valid IAA-IAP exam answers and questions are fully guaranteed and enough for you to clear test easily. Free demo of IAA-IAP Dumps PDF allowing you to try before you buy and one-year free update will be allowed after purchased. Please feel free to contact us if you have any questions about our dumps files.

IAA-IAP Exam Questions Pdf: https://www.2pass4sure.com/IIA-Certification/IAA-IAP-actual-exam-braindumps.html

IIA IAA-IAP Sure Pass The work time may account for the most proportion of the daytime, Our IAA-IAP test engine allows you to practice until you think it is ok, 2Pass4sure is fully aware of the fact that preparing successfully for the IIA IAA-IAP exam in one go is a necessity because of the expensive registration fee, And their profession is expressed in our IAA-IAP training prep thoroughly.

More Exception Features, These type of arrays are called jagged arrays IAA-IAP or arrays of arrays) They are considered jagged because each element in the array might contain an array of different size and dimension;

Pass Guaranteed Updated IAA-IAP - Internal Audit Practitioner Sure Pass

The work time may account for the most proportion of the daytime, Our IAA-IAP Test Engine allows you to practice until you think it is ok, 2Pass4sure is fully aware of the fact that preparing successfully for the IIA IAA-IAP exam in one go is a necessity because of the expensive registration fee.

And their profession is expressed in our IAA-IAP training prep thoroughly, IAA-IAP Soft taes engine offer you the realest test environment for you, it supports MS operating system and has two modes for practice, it can also change the order of the IAA-IAP training materials, so that you can perform well in the real exam.

Report this page