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IIA Internal Audit Practitioner Sample Questions:
1. Which sampling technique uses a nonrandom selection process that is expected to be representative of the population as a whole?
A) Haphazard sampling.
B) Judgmental sampling.
C) Attribute sampling.
2. Which of the following is considered an organization-level control, as opposed to process-level or transaction- level?
A) Segregated budgeting responsibilities of finance employees, including review and approval of financial reports.
B) Personnel policies requiring the employment of competent personnel, based on training and experience, to manage complex functions such as accounting and financial reporting.
C) Supervision of finance employees, including day-to-day oversight and periodic performance evaluations.
3. 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.
4. A senior internal auditor is planning a compliance audit of the organization's global purchasing department.
Which of the following criteria is a relevant consideration for establishing the engagement objectives?
A) A list of all items acquired through the organization's global purchasing department in the past year
B) Current governance laws and regulations in the countries in which the organization operates
C) Location of all global operations that acquire goods through the organization's global purchasing department
5. During engagement planning, which of the following sources would provide the internal auditor with relevant information to obtain an understanding of the process under review?
A) Mission, strategic objectives, and key performance indicators of the process under review, based on documented plans, policies, procedures, and discussions with management
B) The internal audit activity's annual audit plan and discussions that led to its development
C) Final report from an external financial audit of the process under review, which includes the status of management's corrective action plans
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: B | Question # 5 Answer: A |
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