The desktop IIA IAA-IAP exam simulation software works only on Windows, but the web-based IIA IAA-IAP practice exam is compatible with all operating systems. You can take the online IIA IAA-IAP Mock Test without software installation via Chrome, Opera, Firefox, or another popular browser.
Compared to other products in the industry, our IAA-IAP actual exam has a higher pass rate. If you really want to pass the exam, this must be the one that makes you feel the most suitable and effective. According the data which is provided and tested by our loyal customers, our pass rate of the IAA-IAP Exam Questions is high as 98% to 100%. It is hard to find such high pass rate in the market. And the quality of the IAA-IAP training guide won't let you down.
>> Free IAA-IAP Study Material <<
Use this IAA-IAP practice material to ensure your exam preparation is successful. Mock exams at PDFDumps are available in IAA-IAP desktop software and web-based format. Both IIA IAA-IAP self-assessment exams have similar features. They create an IIA IAA-IAP actual test-like scenario, point out your mistakes, and offer customizable sessions.
NEW QUESTION # 52
Which of the following best describes the knowledge, skills, and abilities that internal auditors should possess with regard to fraud?
Answer: A
Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1210.A2: Internal auditors must have sufficient knowledge to evaluate the risk of fraud and the manner in which it is managed by the organization.
* They are not expected to have the expertise of a fraud examiner or forensic investigator.
* Reasoning:
* Option Bis correct because internal auditors need enough knowledge to assess fraud risks and provide assurance over controls designed to mitigate those risks.
* Option Aoverstates the requirement, as fraud detection and investigation require specialized expertise typically outside the scope of general internal auditing.
* Option Crefers to control development, which is a management responsibility, not an internal audit role.
* Role of Internal Audit in Fraud:
* Auditors evaluate fraud risks and provide recommendations to improve controls, ensuring alignment with organizational risk management strategies.
NEW QUESTION # 53
According to the IIA's Code of Ethics, which of the following best describes the conduct of an internal auditor who demonstrates the principle of competency?
Answer: C
Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Competency Principle: According to the IIA Code of Ethics, internal auditors must apply the knowledge, skills, and experience needed to perform their duties effectively.
* Key Characteristics: Continuous improvement in proficiency, quality of services, and effectiveness directly align with the principle of competency.
NEW QUESTION # 54
An internal auditor is planning a business continuity audit engagement at a remote manufacturing plant. During planning interviews, the plant manager stated that the local Environmental, Health, and Safety (EHS) Department, which reports to the plant manager, had completed a similar review six months ago. The EHS review did not find any significant weaknesses. How should the internal auditor consider the EHS review results in the current audit engagement planning?
Answer: A
Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Reference to IIA Standards:
* Standard 1220 - Due Professional Care: Internal auditors must consider the reliability of other assurance providers.
* Standard 2050 - Coordination and Reliance: Internal auditors may rely on the work of other assurance providers if their objectivity, independence, and competency are assessed and deemed adequate.
* Why Evaluate EHS Work:
* The EHS review results can be useful if the review process was thorough, objective, and performed by competent individuals.
* Dismissing their results without evaluation (Option A) could lead to inefficiencies or redundant work.
* Canceling the engagement entirely (Option B) ignores the internal audit's responsibility for independent assurance.
* Audit Planning Impact:
* By leveraging the EHS review where appropriate, the internal auditor can focus resources on other areas not covered or on verifying key findings.
NEW QUESTION # 55
Based on the three elements of the Fraud Triangle, which of the following might be considered a fraud indicator related to the opportunity element?
Answer: B
Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Opportunity Element: This element of the Fraud Triangle refers to situations where weaknesses in controls provide the ability for someone to commit fraud without being detected. Poor segregation of duties, as described in Option C, creates such opportunities.
* Example: Allowing an executive assistant to authorize payments without oversight significantly increases the risk of fraud.
NEW QUESTION # 56
In addition to the internal auditor, which of the following parties need to be present at an exit or closing conference?
Answer: C
Explanation:
Comprehensive and Detailed Step-by-Step Explanation:
* Management Over Areas Covered by the Engagement: The purpose of an exit meeting is to discuss findings, conclusions, and recommendations with those responsible for the audited area. Management is a key stakeholder, as they will implement corrective actions.
NEW QUESTION # 57
......
Our IAA-IAP study materials selected the most professional team to ensure that the quality of the IAA-IAP learning guide is absolutely leading in the industry, and it has a perfect service system. The focus and seriousness of our study materials gives it a 99% pass rate. Using our products, you can get everything you want, including your most important pass rate. IAA-IAP Actual Exam is really a good helper on your dream road.
IAA-IAP Reliable Braindumps Book: https://www.pdfdumps.com/IAA-IAP-valid-exam.html
The PDFDumps IAA-IAP exam questions will give you an idea about the final IAA-IAP exam format and you will get experience about IAA-IAP exam format before the final exam, IIA Free IAA-IAP Study Material The client can contact us by sending mails or contact us online, Come and buy it now, We have to commend PDFDumps IAA-IAP Reliable Braindumps Book exam dumps that can avoid detours and save time to help you sail through the exam with no mistakes.
story.bash: A Story Generator, Because it's one of the IAA-IAP easiest ways to achieve a significant performance gain for a large range of applications, The PDFDumps IAA-IAP Exam Questions will give you an idea about the final IAA-IAP exam format and you will get experience about IAA-IAP exam format before the final exam.
The client can contact us by sending mails or contact us online, Come and IAA-IAP Reliable Braindumps Book buy it now, We have to commend PDFDumps exam dumps that can avoid detours and save time to help you sail through the exam with no mistakes.
In addition, you can take part in the IAA-IAP exam if you finish all learning tasks.