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IIA-IAP exam is a computer-based test that consists of 100 multiple-choice questions. IIA-IAP exam is divided into four sections, each covering a specific area of internal auditing. The first section covers the role of internal auditing in an organization, including the principles of governance, risk management, and internal control. The second section covers the tools and techniques used in internal auditing, such as sampling, data analysis, and interviewing. The third section covers the audit process, including planning, fieldwork, and reporting. The fourth section covers the professional ethics and standards that govern the practice of internal auditing.
IIA-IAP Certification Exam is an online, multiple-choice exam that consists of 100 questions. Candidates are given two hours to complete the exam, and a passing score of 70% or higher is required to earn the certification. IIA-IAP exam covers a variety of internal audit topics, including the role of internal audit in the organization, the audit process, risk assessment and management, and internal control frameworks. Candidates who successfully pass the IIA-IAP Certification Exam are awarded the Internal Audit Practitioner certification, which demonstrates their commitment to the internal audit profession and their ability to perform basic internal auditing tasks.
Reference: https://www.theiia.org/en/certifications/iap/
IIA-IAP certification program provides a comprehensive understanding of the essential principles and practices of internal auditing. The program includes self-study materials, online courses, and classroom training. Candidates can choose the format that best suits their learning style and schedule. The program also includes a practice exam to help candidates prepare for the actual exam. The practice exam provides an opportunity for candidates to assess their readiness and identify areas where they need to improve.
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| Section | Weight | Objectives |
|---|---|---|
| Governance, Risk Management, and Control | 30% | - Internal control: purpose, types, design, and effectiveness - COSO framework and Three Lines Model - Risk management frameworks and processes - Governance principles and oversight structures - Risk-based audit planning and engagement scope - Risk concepts: types, appetite, tolerance, inherent vs residual risk |
| Ethics and Professionalism | 20% | - Conflict of interest and compliance requirements - Continuing professional development and professional conduct - IIA Code of Ethics: Integrity, Objectivity, Confidentiality, Competency - Professional skepticism and ethical decision-making |
| Fraud Risks | 15% | - Auditor responsibilities regarding fraud detection and prevention - Anti-fraud controls, whistleblower programs, and investigation basics - Fraud red flags and indicators - Fraud triangle and fraud diamond models - Types of fraud: occupational, financial, management, cyber |
| Foundations of Internal Auditing | 35% | - Independence and objectivity - Proficiency and due professional care - Quality assurance and improvement program - Internal audit role in governance, risk, and control - Global Internal Audit Standards and IPPF framework - Purpose, authority, and responsibility of internal auditing |
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