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IIA-IAP Certification Exam covers a wide range of topics related to internal auditing, including risk management, governance, ethics, and fraud. It is an online, computer-based exam that consists of 100 multiple-choice questions, and candidates have two hours to complete the exam. The passing score for the exam is 70%, and candidates who pass the exam receive the IIA-IAP certification.
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IIA-IAP certification is recognized globally and is an excellent way for individuals to demonstrate their knowledge and understanding of internal auditing. Internal Audit Practitioner certification is designed for individuals who are just starting their career in internal auditing, but it can also be beneficial for those who have been in the profession for a few years and are looking to enhance their skills and knowledge. The IIA-IAP certification can help individuals stand out in a competitive job market and can lead to career advancement opportunities.
Reference: https://www.theiia.org/en/certifications/iap/
IIA IIA-IAP Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Managing the Internal Audit Function | 25% | - Coordination with External Auditors and Regulatory Bodies - Risk-based Audit Planning - Resource Management - Quality Assurance and Improvement Program |
| Topic 2: Communicating Engagement Results | 25% | - Drafting Findings and Recommendations - Final Communication - Exit Conference - Corrective Action Tracking |
| Topic 3: Monitoring Progress | 15% | - Closure of Engagement - Follow-up Process - Reporting on Action Plans |
| Topic 4: Planning the Engagement | 25% | - Assignment of Resources and Timeline - Determining Audit Procedures - Risk Assessment and Controls Identification - Engagement Objectives and Scope |
| Topic 5: Foundations of Internal Auditing | 25% | - Mandatory Guidance - Purpose of Internal Auditing - Code of Ethics - Relationship between Internal Audit and External Audit - IIA Standards |
| Topic 6: Performing the Engagement | 25% | - Evidence Gathering - Documentation - Data Collection and Analysis - Control Testing - Supervision and Review |
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