IIA Internal Audit Practitioner Sample Questions:
1. Operational management has asked the internal auditor for recommendations regarding an ineffective process. According to IIA guidance, which of the following would be the auditor's most appropriate response?
A) Refrain from providing recommendations to preserve audit independence.
B) Explain that only management should recommend and implement the corrective action.
C) Agree to offer recommendations based on observations and conclusions.
2. Which of the following is an example of a detective control?
A) Segregation of duties.
B) Required authorizations.
C) Reconciliations.
3. A senior internal auditor is using a risk and control matrix to facilitate an internal control assessment of the fixed asset accounting process. Which of the following activities would aid the auditor in determining inputs for the risk and control matrix?
A) Reviewing the results of control effectiveness testing of the fixed asset capitalization subprocess.
B) Management's cost-benefit analysis of internal control alternatives considered in the design of the fixed asset accounting process.
C) Interviews with fixed asset management, control process walkthroughs, and internal control questionnaires.
4. According to IIA guidance, which of the following are commonly standardized workpaper elements?
A) Workpapers should be supported by inclusion of original documentation
B) Workpapers should include a uniform cross-referencing system
C) Workpapers should be completed in an electronic format only
5. Which of the following is the most appropriate audit objective?
A) Evaluate common practices of hiring via interviews with responsible personnel.
B) Analyze the turnover rates in mining and production subsidiaries.
C) Assess compliance with human resources hiring and compensation policies.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: C |
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