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IIA-IAP Certification Exam covers a range of topics, including internal audit basics, risk assessment, audit planning and reporting, and governance, risk management, and control. IIA-IAP exam is computer-based and consists of 125 multiple-choice questions. Candidates have two hours to complete the exam, and a passing score is 70%. IIA-IAP exam is available in multiple languages and is administered at Prometric testing centers worldwide. Earning the IIA-IAP Certification demonstrates to employers and colleagues that an individual has a solid understanding of the fundamentals of internal auditing, and is committed to ongoing professional development.
IIA-IAP (Internal Audit Practitioner) Certification Exam is a professional certification exam offered by the Institute of Internal Auditors (IIA). Internal Audit Practitioner certification is designed for individuals who are new to the internal auditing profession and are seeking to gain a foundational understanding of the principles and practices of internal auditing. The IIA-IAP certification can help individuals stand out in a competitive job market and demonstrate their commitment to the internal auditing profession.
Reference: https://www.theiia.org/en/certifications/iap/
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| Section | Weight | Objectives |
|---|---|---|
| Managing the Internal Audit Function | 25% | - Resource Management - Quality Assurance and Improvement Program - Coordination with External Auditors and Regulatory Bodies - Risk-based Audit Planning |
| Foundations of Internal Auditing | 25% | - IIA Standards - Mandatory Guidance - Code of Ethics - Relationship between Internal Audit and External Audit - Purpose of Internal Auditing |
| Communicating Engagement Results | 25% | - Final Communication - Corrective Action Tracking - Drafting Findings and Recommendations - Exit Conference |
| Planning the Engagement | 25% | - Risk Assessment and Controls Identification - Assignment of Resources and Timeline - Determining Audit Procedures - Engagement Objectives and Scope |
| Performing the Engagement | 25% | - Data Collection and Analysis - Evidence Gathering - Control Testing - Documentation - Supervision and Review |
| Monitoring Progress | 15% | - Follow-up Process - Closure of Engagement - Reporting on Action Plans |
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