How often International Professional Practices Framework (IPPF) and standards is asked

Where it was asked

What costs marks here

The questions

1. May/Jun 2017, Q1.31.5 marks · multiple choice

   This is a multiple-choice question worth 18 marks in total. For each of the twelve subsections below, you must select the single alternative you regard as most correct, then write down the subsection number together with the letter preceding your chosen alternative (for example: 1.1 A, 1.2 B). Each subsection is worth one and a half (1½) marks and subsections must be answered in numerical order. According to the International Standards for the Professional Practice of Internal Auditing (the Standards), due professional care calls for:

2. May/Jun 2017, Q1.111.5 marks · multiple choice

   This is a multiple-choice question worth 18 marks in total. For each of the twelve subsections below, you must select the single alternative you regard as most correct, then write down the subsection number together with the letter preceding your chosen alternative (for example: 1.1 A, 1.2 B). Each subsection is worth one and a half (1½) marks and subsections must be answered in numerical order. Which of the following is an element of authority attributed to the internal audit activity that should be included in its charter?

3. May/Jun 2016, Q1.31.5 marks · multiple choice

   This multiple-choice question requires you to select, for each numbered subsection, the single alternative you regard as most correct, and to write down the subsection number together with the letter of your chosen answer, answering the subsections in numerical order (for example 1.1 A, 1.2 B). Each of the fourteen subsections counts 1½ marks. Determine which one of the following is NOT an element of the International Professional Practices Framework (IPPF): the definition of internal auditing; the International Standards for the Professional Practice of Internal Auditing; the internal audit charter; or the IIA Code of Ethics.

4. May/Jun 2016, Q1.131.5 marks · multiple choice

   This multiple-choice question requires you to select, for each numbered subsection, the single alternative you regard as most correct, and to write down the subsection number together with the letter of your chosen answer, answering the subsections in numerical order (for example 1.1 A, 1.2 B). Each of the fourteen subsections counts 1½ marks. Determine which one of the following is NOT included in the mandatory guidance of the IPPF: Implementation Guidance, the Definition of Internal Auditing, the Core Principles, or the Code of Ethics.

5. May/Jun 2016, Q2.16 marks

   All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). With reference to the IPPF diagram described above, list six (6) of the Core Principles for the Professional Practice of Internal Auditing.

6. May/Jun 2016, Q2.27 marks

   All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). The table below is a glossary of internal auditing terms. Match each numbered term in Column A with the letter of its correct definition in Column B. An example has already been completed: item 2.2.1, Chief Audit Executive, matches definition f. Match the remaining six terms — 2.2.2 Fraud, 2.2.3 Risk, 2.2.4 Assurance services, 2.2.5 Risk appetite, 2.2.6 Objectivity and 2.2.7 Independence — to the appropriate definitions chosen from the following list: (a) advisory and related client service activities, the nature and scope of which are agreed with the client, intended to add value and improve an organisation's governance, risk management and control processes without the internal auditor assuming management responsibility; (b) a person in a senior position responsible for effectively managing the internal audit activity in accordance with the internal audit charter and the Definition of Internal Auditing, the Code of Ethics and the Standards; (c) an unbiased mental attitude that allows internal auditors to perform engagements in such a manner that they believe in their work product and that no quality compromises are made; (d) a process to identify, assess, manage and control potential events or situations to provide reasonable assurance regarding the achievement of the organisation's objectives; (e) an objective examination of evidence for the purpose of providing an independent assessment on governance, risk management and control processes for the organisation; (f) any illegal act characterised by deceit, concealment or violation of trust, and which is not dependent upon the threat of violence or physical force; (g) the level of risk that an organisation is willing to accept; (h) the freedom from conditions that threaten the ability of the internal audit activity to carry out internal audit responsibilities in an unbiased manner; (i) the possibility of an event occurring that will have an impact on the achievement of objectives; and (j) any relationship that is, or appears to be, not in the best interest of the organisation.

7. May/Jun 2016, Q2.3.14 marks

   All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). Simon is a newly appointed junior internal auditor with no practical experience, having graduated only last month. He has been appointed to oversee the year-end stocktake and must prepare a detailed audit report on the procedures followed. The supervisor of the internal auditing department agreed that Simon could attend the stocktake on his own, because the supervisor is currently busy finalising an audit in another department and does not have time to attend. For this scenario, conclude and explain, with reference to the IPPF, whether Simon attending the stocktake alone is permissible or not. Structure your answer in a table with three parts: state whether the situation is permissible or not permissible (1 mark), cite the relevant reference to the IIA Code of Ethics (2 marks), and give your reasons (1 mark).

8. May/Jun 2016, Q2.3.24 marks

   All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). Francois Burger, a junior internal audit staff member, discussed with his friends the incidence of fraud that he had discovered during his audit of the company's debtors. For this scenario, conclude and explain, with reference to the IPPF, whether Francois Burger's conduct is permissible or not. Structure your answer in a table with three parts: state whether the situation is permissible or not permissible (1 mark), cite the relevant reference to the IIA Code of Ethics (2 marks), and give your reasons (1 mark).

9. May/Jun 2016, Q2.3.34 marks

   All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). For the past three years, the internal audit reports prepared by an internal audit activity (IAA) have stated that its internal audit activities are conducted in accordance with the Standards for the Professional Practice of Internal Auditing. Regular internal assessments have been performed and recorded, and the IAA was last subjected to an independent assessment of its quality improvement programme three years ago. For this scenario, conclude and explain, with reference to the IPPF, whether this situation is permissible or not. Structure your answer in a table with three parts: state whether the situation is permissible or not permissible (1 mark), cite the relevant reference to the IIA Code of Ethics (2 marks), and give your reasons (1 mark).

10. May/Jun 2016, Q2.3.44 marks

    All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). The chief audit executive (CAE) disagrees with the engagement client about the observations that arose, and the recommendations made, regarding a sensitive area. Senior management has nevertheless accepted the risk and wants the findings removed from the report; the CAE does not accept this and reports the matter to the board. For this scenario, conclude and explain, with reference to the IPPF, whether the CAE's action of reporting the disagreement to the board is permissible or not. Structure your answer in a table with three parts: state whether the situation is permissible or not permissible (1 mark), cite the relevant reference to the IIA Code of Ethics (2 marks), and give your reasons (1 mark).

11. May/Jun 2016, Q2.3.54 marks

    All internal auditors are required to comply with the elements of the International Professional Practices Framework (IPPF) issued by the Institute of Internal Auditors (IIA). In July 2015 the IPPF was updated, as illustrated by the accompanying diagram, which shows a wheel with 'Mission' at its centre, surrounded by the Mandatory Guidance ring (comprising Core Principles, Definition, Code of Ethics and Standards) and, in the outer ring, the Recommended Guidance (comprising Implementation Guidance and Supplemental Guidance). An internal auditor is included in the internal audit review of the accounts payable section eighteen months after having been the supervisor of that same accounts payable section. For this scenario, conclude and explain, with reference to the IPPF, whether this situation is permissible or not. Structure your answer in a table with three parts: state whether the situation is permissible or not permissible (1 mark), cite the relevant reference to the IIA Code of Ethics (2 marks), and give your reasons (1 mark).

12. Oct/Nov 2013, Q4.14 marks

    All internal auditors must, in carrying out their duties, comply with the elements of the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA). You encountered the following ethical issues while conducting different audits. For each scenario you are required to conclude and explain, with reference to the IPPF, whether the situation described is permissible or not, giving reasons for your conclusion. Structure your answer using a table with columns for: whether the scenario is permissible or not permissible (1 mark), the reference to the relevant part of the IPPF (2 marks), and the reasons for your conclusion (1 mark). While performing an audit, you overheard that the chief executive officer (CEO) of the company might be resigning because of fraud allegations made against him. You personally know people who hold shares in the company, and you decided to inform them about the possibility that the share price could decrease as a result. Conclude and explain, with reference to the IPPF, whether this action is permissible or not, providing reasons using the required table format (permissible/not permissible - 1 mark; IPPF reference - 2 marks; reasons - 1 mark).

13. Oct/Nov 2013, Q4.24 marks

    All internal auditors must, in carrying out their duties, comply with the elements of the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA). You encountered the following ethical issues while conducting different audits. For each scenario you are required to conclude and explain, with reference to the IPPF, whether the situation described is permissible or not, giving reasons for your conclusion. Structure your answer using a table with columns for: whether the scenario is permissible or not permissible (1 mark), the reference to the relevant part of the IPPF (2 marks), and the reasons for your conclusion (1 mark). Sandra, a senior internal auditor, has not attended any training for the past two years due to work and personal constraints. Conclude and explain, with reference to the IPPF, whether this situation is permissible or not, providing reasons using the required table format (permissible/not permissible - 1 mark; IPPF reference - 2 marks; reasons - 1 mark).

14. Oct/Nov 2013, Q4.34 marks

    All internal auditors must, in carrying out their duties, comply with the elements of the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA). You encountered the following ethical issues while conducting different audits. For each scenario you are required to conclude and explain, with reference to the IPPF, whether the situation described is permissible or not, giving reasons for your conclusion. Structure your answer using a table with columns for: whether the scenario is permissible or not permissible (1 mark), the reference to the relevant part of the IPPF (2 marks), and the reasons for your conclusion (1 mark). Simon, the Chief Audit Executive (CAE), disagrees with the engagement client regarding the observations and recommendations made in a sensitive area. Senior management accepts the risk involved and wants the findings removed from the audit report; however, Simon reports the matter to the board instead. Conclude and explain, with reference to the IPPF, whether Simon's action is permissible or not, providing reasons using the required table format (permissible/not permissible - 1 mark; IPPF reference - 2 marks; reasons - 1 mark).

15. Oct/Nov 2013, Q4.44 marks

    All internal auditors must, in carrying out their duties, comply with the elements of the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA). You encountered the following ethical issues while conducting different audits. For each scenario you are required to conclude and explain, with reference to the IPPF, whether the situation described is permissible or not, giving reasons for your conclusion. Structure your answer using a table with columns for: whether the scenario is permissible or not permissible (1 mark), the reference to the relevant part of the IPPF (2 marks), and the reasons for your conclusion (1 mark). The human resource manager's children attend a school to which you would also like to send your own children. The school has a very long waiting list because it is so popular, and the human resource manager has offered to use her influence as a board member of the school to help gain admission for your children at this school. Conclude and explain, with reference to the IPPF, whether accepting this offer is permissible or not, providing reasons using the required table format (permissible/not permissible - 1 mark; IPPF reference - 2 marks; reasons - 1 mark).

16. Oct/Nov 2013, Q4.54 marks

    All internal auditors must, in carrying out their duties, comply with the elements of the International Professional Practices Framework (IPPF) established by the Institute of Internal Auditors (IIA). You encountered the following ethical issues while conducting different audits. For each scenario you are required to conclude and explain, with reference to the IPPF, whether the situation described is permissible or not, giving reasons for your conclusion. Structure your answer using a table with columns for: whether the scenario is permissible or not permissible (1 mark), the reference to the relevant part of the IPPF (2 marks), and the reasons for your conclusion (1 mark). For the past seven years, the internal audit reports prepared by an internal audit activity have always stated that its internal audit activities are conducted in accordance with the Standards for the Professional Practice of Internal Auditing. Regular internal assessments have been performed and recorded, but the internal audit activity has never been subjected to an independent assessment of its quality improvement programme. Conclude and explain, with reference to the IPPF, whether this situation is permissible or not, providing reasons using the required table format (permissible/not permissible - 1 mark; IPPF reference - 2 marks; reasons - 1 mark).

17. May/Jun 2013, Q1.91.5 marks · multiple choice

    Candidates must answer this multiple-choice question by choosing only one alternative that they consider most correct for each subsection, writing down the subsection number together with the letter of the alternative chosen, and answering the subsections in numerical order (for example, 1.1 A, 1.2 B). Each subsection counts 1½ marks. Identify an element of authority attributed to the internal audit activity that should be included in its charter.

18. May/Jun 2013, Q2.13 marks

    The International Professional Practices Framework (IPPF) is made up of three mandatory elements: (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference point, you are required to state and explain, for each of the scenarios that follow, whether the conduct described is permissible or not, giving reasons to support your conclusion in every case. In order to cut organisational costs, the chief audit executive has cancelled all staff training for internal audit for the next two years, justifying this decision on the grounds that all the internal audit staff are too new to benefit from such training. Discuss, with reasons, whether this is permissible in terms of the IIA Code of Ethics.

19. May/Jun 2013, Q2.23 marks

    The International Professional Practices Framework (IPPF) is made up of three mandatory elements: (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference point, you are required to state and explain, for each of the scenarios that follow, whether the conduct described is permissible or not, giving reasons to support your conclusion in every case. An internal audit team has made observations and recommendations that are expected to significantly improve a department's operating efficiency. As a token of appreciation, the department manager gives James, the internal audit manager, a gift of moderate value. James accepts the gift because it shows appreciation for the work done and because it is the holiday season. Discuss, with reasons, whether this is permissible in terms of the IIA Code of Ethics.

20. May/Jun 2013, Q2.33 marks

    The International Professional Practices Framework (IPPF) is made up of three mandatory elements: (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference point, you are required to state and explain, for each of the scenarios that follow, whether the conduct described is permissible or not, giving reasons to support your conclusion in every case. Simon, an internal auditor, has been assigned to audit the human resources department, which is managed by his wife. Discuss, with reasons, whether this is permissible in terms of the IIA Code of Ethics.

21. May/Jun 2013, Q2.43 marks

    The International Professional Practices Framework (IPPF) is made up of three mandatory elements: (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference point, you are required to state and explain, for each of the scenarios that follow, whether the conduct described is permissible or not, giving reasons to support your conclusion in every case. Matthew, an internal auditor employed by a manufacturer of office products, has recently completed an engagement evaluating the marketing function of his employer. Drawing on this experience, Matthew spends several hours one Saturday working as a paid consultant to a local hospital that intends to carry out an engagement to evaluate its own marketing function. Discuss, with reasons, whether this is permissible in terms of the IIA Code of Ethics.

22. May/Jun 2013, Q2.53 marks

    The International Professional Practices Framework (IPPF) is made up of three mandatory elements: (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (the Standards). Using the Institute of Internal Auditors (IIA) Code of Ethics as your reference point, you are required to state and explain, for each of the scenarios that follow, whether the conduct described is permissible or not, giving reasons to support your conclusion in every case. An internal auditor did not report significant findings about illegal activity to the audit committee, because management had indicated that they would handle the issue themselves. Discuss, with reasons, whether this is permissible in terms of the IIA Code of Ethics.

23. Oct/Nov 2012, Q1.51.5 marks · multiple choice

    For this question on internal auditing, choose the one alternative you consider most correct for each of the ten subsections listed below. Write down the subsection number together with the letter of your chosen alternative (for example 1.1 A, 1.2 B), answering the subsections in numerical order. Each subsection counts 1½ marks. (Questions adapted from Vallabhaneni: CIA Exam Review) According to the International Standards for the Professional Practice of Internal Auditing (Standards), due professional care calls for which of the following?

24. Oct/Nov 2012, Q2.1(a)4 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). Briefly define and explain the term 'the Definition of Internal Auditing'.

25. Oct/Nov 2012, Q2.1(b)3 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). Briefly define and explain the term 'the Code of Ethics'.

26. Oct/Nov 2012, Q2.1(c)4 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). Briefly define and explain the term 'the International Standards for the Professional Practice of Internal Auditing (Standards)'. (Question adapted from TUT Exam, February 2012.)

27. Oct/Nov 2012, Q2.2.13 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). With reference to the Institute of Internal Auditors (IIA) Code of Ethics, conclude and explain, giving reasons for your conclusion, whether the following scenario is permissible: Martin, an internal audit manager, engages in the preparation of income tax forms during the tax season. He prepared the personal tax return, for a fee, for one of the company's divisional managers.

28. Oct/Nov 2012, Q2.2.23 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). With reference to the Institute of Internal Auditors (IIA) Code of Ethics, conclude and explain, giving reasons for your conclusion, whether the following scenario is permissible: James, a senior internal auditor, told his friend to start looking for a new job, as an audit of the executive office indicated that the friend's division was going to be closed down in about six months.

29. Oct/Nov 2012, Q2.2.33 marks

    The International Professional Practices Framework (IPPF) contains three mandatory elements, namely (a) the Definition of Internal Auditing, (b) the Code of Ethics, and (c) the International Standards for the Professional Practice of Internal Auditing (Standards). With reference to the Institute of Internal Auditors (IIA) Code of Ethics, conclude and explain, giving reasons for your conclusion, whether the following scenario is permissible: An internal auditor disclosed confidential, engagement-related information that was potentially damaging to the organisation, in response to a court order. (Question adapted from Gleim CIA Review.)

30. May/Jun 2012, Q1.111.5 marks · multiple choice

    This question consists of twelve multiple-choice items, each worth 1½ marks. For each item you must choose the single most correct alternative, then in your answer book write the sub-question number followed by the letter of your chosen option (for example 1.1 A, 1.2 C), answering the items in numerical order. According to the IIA Standards, how is competent information defined?