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AUI3701: The Internal Audit Process
Planning the Engagement — May/June Examination 2026
⋆ ⋄ ⋆ ⋄ ⋆ ⋄ ⋆ ⋄ ⋆
Internal Auditing / Department of Auditing
Exam Revision Guide
AUI3701
Module Code:
The Internal Audit Process: Planning the Engagement
Module Name:
May/June 2023 -May/June 2025
Papers:
May/June Examination 2026
Edition:
100 marks (per paper)
Total Marks:
Study this guide to understand core concepts, not just memorise answers.
Every question mirrors real UNISA exam structure and mark allocations.
Exam Revision Notes | AUI3701 | 2026
,AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
About This Revision Guide
This guide covers the full question-and-answer content from the AUI3701 May/June 2023,
May/June 2024 examination and the May/June 2025 examination. Both papers follow
the same structure: 16 multiple-choice questions (24 marks), followed by 4 essay-type ques-
tions drawn from the core learning units. All questions are answered in study-note format, cal-
ibrated to mark allocations.
Key Concept
AUI3701 Exam Paper Structure (Standard)
• Question 1: Multiple Choice Questions — 24 marks (16 questions at 1.5 marks
each)
• Question 2: Engagement Planning / Preliminary Survey — 20 marks
• Question 3: Governance, Risk Management and Internal Controls — 21 marks
• Question 4: Fraud, IT/CAATs, or ERM — 20 marks
• Question 5: Code of Ethics / Consulting Engagements / IIA Standards — 15
marks
• Total: 100 marks | Duration: 2 Hours | Closed book
Page 2 of 37
,AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
PAPER 1: MAY/JUNE 2025 EXAMINATION
Page 3 of 37
, AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
Question 1 [24 marks]
Question: Multiple Choice Questions. For each question, select only the ONE alternative
you consider most appropriate. Each question counts 1.5 marks.
1.1 The International Professional Practices Framework (IPPF) of the IIA is mandatory
for which of the following?
A. The Global Internal Audit Standards only
B. The Code of Ethics only
C. Both the Global Internal Audit Standards and the Code of Ethics
D. Practice Advisories only
1.2 Which of the following statements about the definition of internal auditing is COR-
RECT?
A. Internal auditing is a dependent, subjective assurance and consulting activity.
B. Internal auditing evaluates and improves the effectiveness of risk management, control,
and governance processes.
C. Internal auditing is primarily concerned with detecting fraud.
D. Internal auditing reports only to senior management.
1.3 When planning an internal audit engagement, the internal auditor MUST:
A. Obtain written approval from the board before starting any work.
B. Develop engagement objectives that reflect the results of a preliminary risk assessment.
C. Consult with external auditors before finalising objectives.
D. Limit the scope to financial controls only.
1.4 Which principle of the IIA Code of Ethics requires internal auditors to make only
those representations they believe to be true?
A. Integrity B. Objectivity C. Confidentiality D. Competency
1.5 A Chief Audit Executive (CAE) is preparing the annual audit plan. Which factor
should be given the HIGHEST priority?
A. The preferences of the audit committee.
B. The results of a risk-based assessment of the organisation’s activities.
C. The number of staff available in the internal audit function.
D. Prior year’s audit findings only.
1.6 Control Risk Self-Assessment (CRSA) is BEST described as:
Page 4 of 37
]]
AUI3701: The Internal Audit Process
Planning the Engagement — May/June Examination 2026
⋆ ⋄ ⋆ ⋄ ⋆ ⋄ ⋆ ⋄ ⋆
Internal Auditing / Department of Auditing
Exam Revision Guide
AUI3701
Module Code:
The Internal Audit Process: Planning the Engagement
Module Name:
May/June 2023 -May/June 2025
Papers:
May/June Examination 2026
Edition:
100 marks (per paper)
Total Marks:
Study this guide to understand core concepts, not just memorise answers.
Every question mirrors real UNISA exam structure and mark allocations.
Exam Revision Notes | AUI3701 | 2026
,AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
About This Revision Guide
This guide covers the full question-and-answer content from the AUI3701 May/June 2023,
May/June 2024 examination and the May/June 2025 examination. Both papers follow
the same structure: 16 multiple-choice questions (24 marks), followed by 4 essay-type ques-
tions drawn from the core learning units. All questions are answered in study-note format, cal-
ibrated to mark allocations.
Key Concept
AUI3701 Exam Paper Structure (Standard)
• Question 1: Multiple Choice Questions — 24 marks (16 questions at 1.5 marks
each)
• Question 2: Engagement Planning / Preliminary Survey — 20 marks
• Question 3: Governance, Risk Management and Internal Controls — 21 marks
• Question 4: Fraud, IT/CAATs, or ERM — 20 marks
• Question 5: Code of Ethics / Consulting Engagements / IIA Standards — 15
marks
• Total: 100 marks | Duration: 2 Hours | Closed book
Page 2 of 37
,AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
PAPER 1: MAY/JUNE 2025 EXAMINATION
Page 3 of 37
, AUI3701 | Exam Revision Internal Audit Process: Planning the Engagement
Question 1 [24 marks]
Question: Multiple Choice Questions. For each question, select only the ONE alternative
you consider most appropriate. Each question counts 1.5 marks.
1.1 The International Professional Practices Framework (IPPF) of the IIA is mandatory
for which of the following?
A. The Global Internal Audit Standards only
B. The Code of Ethics only
C. Both the Global Internal Audit Standards and the Code of Ethics
D. Practice Advisories only
1.2 Which of the following statements about the definition of internal auditing is COR-
RECT?
A. Internal auditing is a dependent, subjective assurance and consulting activity.
B. Internal auditing evaluates and improves the effectiveness of risk management, control,
and governance processes.
C. Internal auditing is primarily concerned with detecting fraud.
D. Internal auditing reports only to senior management.
1.3 When planning an internal audit engagement, the internal auditor MUST:
A. Obtain written approval from the board before starting any work.
B. Develop engagement objectives that reflect the results of a preliminary risk assessment.
C. Consult with external auditors before finalising objectives.
D. Limit the scope to financial controls only.
1.4 Which principle of the IIA Code of Ethics requires internal auditors to make only
those representations they believe to be true?
A. Integrity B. Objectivity C. Confidentiality D. Competency
1.5 A Chief Audit Executive (CAE) is preparing the annual audit plan. Which factor
should be given the HIGHEST priority?
A. The preferences of the audit committee.
B. The results of a risk-based assessment of the organisation’s activities.
C. The number of staff available in the internal audit function.
D. Prior year’s audit findings only.
1.6 Control Risk Self-Assessment (CRSA) is BEST described as:
Page 4 of 37
