LATEST IIA-IAP TEST GUIDE | LATEST IIA-IAP BRAINDUMPS

Latest IIA-IAP Test Guide | Latest IIA-IAP Braindumps

Latest IIA-IAP Test Guide | Latest IIA-IAP Braindumps

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Tags: Latest IIA-IAP Test Guide, Latest IIA-IAP Braindumps, IIA-IAP Reliable Study Guide, Latest IIA-IAP Exam Vce, Practice IIA-IAP Exam Fee

The above formats of RealExamFree are made to help customers prepare as per their unique styles and crack the Internal Audit Practitioner (IIA-IAP) exam certification on the very first attempt. Our Internal Audit Practitioner (IIA-IAP) questions product is getting updated regularly as per the original Internal Audit Practitioner (IIA-IAP) practice test’s content. So that customers can prepare according to the latest Internal Audit Practitioner (IIA-IAP) exam content and pass it with ease.

To take the IIA-IAP Exam, candidates must meet certain eligibility requirements, such as having a high school diploma or equivalent and completing an internal audit training program. IIA-IAP exam is computer-based and consists of 100 multiple-choice questions. Candidates have two hours to complete the exam, and a passing score is 75%. IIA-IAP Exam is offered in several languages, and candidates can take it at various testing centers around the world.

>> Latest IIA-IAP Test Guide <<

Latest IIA IIA-IAP Braindumps | IIA-IAP Reliable Study Guide

All three IIA IIA-IAP exam dumps formats are ready for download. Just select the best IIA IIA-IAP exam questions type and download it after paying an affordable IIA-IAP exam questions charge and start preparation today. We offer you the most accurate IIA-IAP Exam Answers that will be your key to pass the certification exam in your first try.

IIA Internal Audit Practitioner Sample Questions (Q62-Q67):

NEW QUESTION # 62
Which of the following would have the most direct impact on management's decision regarding the amount of risk that is considered acceptable?

  • A. Risk capacity.
  • B. Risk appetite.
  • C. Risk perception.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 2120 - Risk Management: Internal audit should evaluate the organization's risk appetite and alignment with decision-making processes.
* Definitions:
* Risk Appetite (Option B): The level of risk an organization is willing to accept in pursuit of its objectives, making it the most direct determinant of acceptable risk levels.
* Risk Capacity (Option A): The organization's ability to absorb risk, which is more strategic and long-term.
* Risk Perception (Option C): Subjective views of risk, which can influence decisions but do not directly determine acceptable risk.


NEW QUESTION # 63
During an accounts payable audit engagement, the internal auditor identified a risk that vendor invoices may be paid multiple times. Which of the following would be appropriate preventive controls to mitigate this risk?

  • A. System controls to identify identical invoice amounts from the same vendor that prohibit payment after the initial invoice.
  • B. System controls to identify identical invoice numbers and dates from the same vendor prior to payment.
  • C. Manual controls requiring the reconciliation of paid vendor invoices to monthly invoice statements provided by the vendor.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Preventive System Controls: Identifying duplicate invoice numbers and dates is a robust preventive control, as it helps flag duplicate invoices before payment is processed.


NEW QUESTION # 64
When determining the appropriate level of resources needed for an engagement, which of the following would be the first step?

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

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Resource Sufficiency: Ensuring that the internal audit team has sufficient staff with the appropriate expertise is the foundational step in resource planning for an engagement.


NEW QUESTION # 65
Which of the following internal auditor attributes benefits the most from continuous professional development?

  • A. Integrity.
  • B. Competency.
  • C. Objectivity.

Answer: B

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Competency: Continuous professional development ensures auditors maintain and enhance their knowledge, skills, and expertise, directly supporting their ability to perform engagements effectively.


NEW QUESTION # 66
Which of the following tools would assist with the coordination of efforts between the internal audit team and operational management?

  • A. Control self-assessment.
  • B. Automated workpapers.
  • C. Continuous auditing.

Answer: A

Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Control Self-Assessment (CSA): This tool involves management and staff in evaluating controls and risks, fostering collaboration between operational teams and internal audit. CSA supports shared responsibility for risk management and control improvement.


NEW QUESTION # 67
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