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Internal Audit Practitioner Exam: Domain %

The document outlines the domains and objectives covered on the Internal Audit Practitioner Exam. There are 5 domains that make up 23 total objectives: I) Internal Audit Attributes (20%), II) Nature of Work (20%), III) Engagement Planning (23%), IV) Engagement Work (25%), and V) Engagement Communication (12%). Some key areas covered include the International Professional Practices Framework, risk management, internal controls, fraud, preliminary surveys, engagement objectives/scope, evidence collection, analytical techniques, performance measures, and communication of conclusions.

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Sidra Muddasar
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62 views1 page

Internal Audit Practitioner Exam: Domain %

The document outlines the domains and objectives covered on the Internal Audit Practitioner Exam. There are 5 domains that make up 23 total objectives: I) Internal Audit Attributes (20%), II) Nature of Work (20%), III) Engagement Planning (23%), IV) Engagement Work (25%), and V) Engagement Communication (12%). Some key areas covered include the International Professional Practices Framework, risk management, internal controls, fraud, preliminary surveys, engagement objectives/scope, evidence collection, analytical techniques, performance measures, and communication of conclusions.

Uploaded by

Sidra Muddasar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Internal Audit Practitioner Exam

5 Domains, 23 Objectives
100 questions (all are tested at basic level), 2 hours seat time
Syllabus Topics Domain %
I. Internal Audit Aributes (IIA Standard 1000, 1100, 1200) 20%
1 Recognize the elements of The IIA’s Internaonal Professional Pracces Framework (IPPF)
2 Explain the difference between assurance and consulng services provided by the internal audit acvity
Define internal audit acvity independence and an individual internal auditor's objecvity, including determining
3
whether an individual internal auditor has any impairments to his/her objectivity
Describe the knowledge and competencies that an internal auditor needs to possess to perform his/her
4
individual responsibilities
Define due professional care and illustrate an individual internal auditor's competency through connuing
5
professional development
II. Nature of Work (IIA Standard 2100) 20%
1 Define fundamental concepts of risk and the effecveness of risk management within processes and funcons
2 Describe internal control concepts, types of controls, and globally accepted internal control frameworks
3 Idenfy the effecveness and efficiency of internal controls
Recognize fraud risks, types of frauds, the potenal for occurrence of fraud (i.e., red flags, etc.) and determine
4
whether fraud risks require special consideration when conducting an engagement
III. Engagement Planning (IIA Standard 2200) 23%
Identify relevant information (review previous audit reports and data, conduct walk-throughs and interviews,
1
perform observations, etc.) as part of a preliminary survey of the engagement area
Define engagement objectives, evaluation criteria, and the scope of the engagement to assure identification of
2
key risks and controls
3 Describe checklists and risk-and-control questionnaires as part of a preliminary survey of the engagement area
Identify a detailed risk assessment of each audit area, including evaluating and prioritizing risk and control
4
factors
5 Recognize engagement procedures and the engagement work program including level of resources needed
IV. Engagement Work (IIA Standard 2300) 25%
Recognize the relevance, sufficiency, and reliability of evidence for workpapers and documentaon to support
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conclusions and engagement results
Recognize the risk implicaons and relevant controls of common business processes (human resources,
2
procurement, product development, sales, marketing, logistics, management of outsourced processes, etc.)
Describe computerized audit tools and techniques (data mining and extraction, continuous monitoring,
3
automated workpapers, embedded audit modules, etc.)
Identify appropriate analytical approaches and process mapping techniques (process identification, workflow
4
analysis, process map generation and analysis, spaghetti maps, RACI diagrams, etc.)
5 Identify appropriate sampling (random, judgment, discovery, etc.) and statistical analysis techniques
Differentiate common performance measures (financial, operational, qualitative vs. quantitative, productivity,
6 quality, efficiency, effectiveness, etc.) and financial analysis (horizontal and vertical analysis and ratios related to
activity, profitability, liquidity, leverage, etc.)
V. Engagement Communication (IIA Standard 2400) 12%
Recognize communicaon quality (accurate, objecve, clear, concise, construcve, complete, and mely) and
1
elements (objectives, scope, conclusions, recommendations, and action plan)
2 Discuss recommendations to enhance and protect organizational value
3 Describe engagement communicaon (preliminary, interim reporng, conclusions) with appropriate pares

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