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Exam Code: IAA-IAP
Exam Name: Internal Audit Practitioner
Vendor: IIA

60 Questions & Answers
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NEW QUESTION: 1
The amount for which the securities of a close-end investment company are selling above net asset value is know as:
A. premium
B. discount
C. commission
D. sales charge
Answer: A
Explanation:
Explanation/Reference:
Explanation: premium. The price of closed-end investment companies is determined by trading of their shares in the open market. The price may be a discount to net asset value or a "premium" above net asset value.

NEW QUESTION: 2
An administrator is called in to determine why a virtual desktop has been unable to connect to the corporate network. Which of the following should be run to determine if the adapter is enabled? (Select
TWO).
A. netstat
B. ipconfig
C. iwconfig
D. ping
E. ifconfig
Answer: B,E

NEW QUESTION: 3
What is the most likely source of information for a detailed schedule of a company's insurance policies in force?
A. Original journal entries found in the cash disbursements journal, along with supporting checks processed by the bank.
B. The current fiscal year's budget for insurance, together with the beginning balance of the prepaid insurance account.
C. The files containing insurance policies with various carriers.
D. Policies and procedures governing insurance coverage.
Answer: C

NEW QUESTION: 4
An incident is proving difficult to resolve. A technician informs their manager that more resource is
needed to restore the service. What has taken place?
A. A functional escalation
B. An incident resolution
C. A service level escalation
D. A hierarchic escalation
Answer: D


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