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Last Updated: Sep 29, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Ethics and Professionalism | 20% | - Professional values and behavior - Confidentiality and integrity - Ethical dilemmas and resolution - IIA Code of Ethics |
| Topic 2: Governance, Risk Management, and Control | 30% | - Governance principles and frameworks - Assessing adequacy and effectiveness of controls - Internal control concepts and frameworks - Risk management processes and techniques - Role of internal audit in governance, risk, and control |
| Topic 3: Fraud Risks and Controls | 15% | - Fraud prevention and detection controls - Types and indicators of fraud - Fraud risk assessment - Internal audit responsibilities regarding fraud |
| Topic 4: Foundations of Internal Auditing | 35% | - Definition and purpose of internal auditing - Independence and objectivity - Competence and due professional care - Global Internal Audit Standards - International Professional Practices Framework (IPPF) - Quality assurance and improvement program |
In the absence of any action to control or modify the circumstances, the probability of loss arising from circumstances existing in an environment is known as which of the following types of risk?
Correct Answer: C 🗳️
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Which of the following situations is most likely to require a compliance engagement from the internal audit activity?
Correct Answer: B 🗳️
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According to the IIA's Code of Ethics, which of the following best describes the conduct of an internal auditor who demonstrates the principle of competency?
Correct Answer: A 🗳️
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Which of the following would be a common benefit of using generalized audit software?
Correct Answer: B 🗳️
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Which of the following is an advantage of communicating audit observations as they are identified?
Correct Answer: B 🗳️
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