ISO 9001:2015 INTERNAL AUDITOR
COURSE COMPREHENSIVE STUDY
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ What is internal auditing?.
Answer: An independent, objective assurance and consulting activity
designed to add value and improve an organization's operations.
◍ What are the fundamental purposes of internal auditing according to The
IIA?.
Answer: Helping organizations accomplish objectives, evaluating and
improving risk management, control, and governance processes.
◍ What is the value proposition of internal auditing?.
Answer: Assurance, Insight, and Objectivity.
◍ What does assurance in internal auditing encompass?.
Answer: Governance, Risk, and Control.
◍ What is the difference between assurance and consulting in internal
auditing?.
Answer: Assurance provides independent evaluations, while consulting
offers advisory services.
◍ What are the three phases of the internal audit engagement process?.
Answer: Planning, Performing, and Communicating.
◍ What is involved in the planning phase of an internal audit?.
Answer: Understanding the auditee, setting objectives, determining required
evidence, and deciding audit tests.
, ◍ What activities are performed during the performing phase of an internal
audit?.
Answer: Making inquiries, observing operations, inspecting documents,
gathering evidence, and analyzing information.
◍ What is the purpose of the communicating phase in the internal audit
process?.
Answer: To provide results of assessments made of the gathered information
and documentation.
◍ What does GRC stand for in the context of internal auditing?.
Answer: Governance, Risk Management, and Control.
◍ What is governance in the context of internal auditing?.
Answer: The process conducted by the board of directors to authorize,
direct, and oversee management toward achieving organizational objectives.
◍ What is risk management in internal auditing?.
Answer: The process conducted by management to understand and deal with
uncertainties that could affect the organization's objectives.
◍ What is the role of control in internal auditing?.
Answer: To mitigate risks to acceptable levels.
◍ What are strategic objectives in an organization?.
Answer: Goals set by management specifically related to stakeholder
interests.
◍ Who is Joseph Mauriello?.
Answer: Director of the Center for Internal Auditing Excellence and a
professional services managing director.
◍ What is the relationship between auditing and accounting?.
Answer: Auditing provides assurance on the accuracy of financial reporting,
while accounting involves the preparation of financial statements.
◍ What competencies are needed to excel as an internal auditor?.
Answer: Skills in risk management, control, governance processes, and
COURSE COMPREHENSIVE STUDY
GUIDE 2026 FULL QUESTIONS AND
SOLUTIONS GRADED A+
◍ What is internal auditing?.
Answer: An independent, objective assurance and consulting activity
designed to add value and improve an organization's operations.
◍ What are the fundamental purposes of internal auditing according to The
IIA?.
Answer: Helping organizations accomplish objectives, evaluating and
improving risk management, control, and governance processes.
◍ What is the value proposition of internal auditing?.
Answer: Assurance, Insight, and Objectivity.
◍ What does assurance in internal auditing encompass?.
Answer: Governance, Risk, and Control.
◍ What is the difference between assurance and consulting in internal
auditing?.
Answer: Assurance provides independent evaluations, while consulting
offers advisory services.
◍ What are the three phases of the internal audit engagement process?.
Answer: Planning, Performing, and Communicating.
◍ What is involved in the planning phase of an internal audit?.
Answer: Understanding the auditee, setting objectives, determining required
evidence, and deciding audit tests.
, ◍ What activities are performed during the performing phase of an internal
audit?.
Answer: Making inquiries, observing operations, inspecting documents,
gathering evidence, and analyzing information.
◍ What is the purpose of the communicating phase in the internal audit
process?.
Answer: To provide results of assessments made of the gathered information
and documentation.
◍ What does GRC stand for in the context of internal auditing?.
Answer: Governance, Risk Management, and Control.
◍ What is governance in the context of internal auditing?.
Answer: The process conducted by the board of directors to authorize,
direct, and oversee management toward achieving organizational objectives.
◍ What is risk management in internal auditing?.
Answer: The process conducted by management to understand and deal with
uncertainties that could affect the organization's objectives.
◍ What is the role of control in internal auditing?.
Answer: To mitigate risks to acceptable levels.
◍ What are strategic objectives in an organization?.
Answer: Goals set by management specifically related to stakeholder
interests.
◍ Who is Joseph Mauriello?.
Answer: Director of the Center for Internal Auditing Excellence and a
professional services managing director.
◍ What is the relationship between auditing and accounting?.
Answer: Auditing provides assurance on the accuracy of financial reporting,
while accounting involves the preparation of financial statements.
◍ What competencies are needed to excel as an internal auditor?.
Answer: Skills in risk management, control, governance processes, and
