The Internal Auditing Professional (IAP) Program Examinations are designed to be comprehensive, rigorous, and fair, with the objective of bringing out the best in the candidates and preparing them for demanding careers in the field of Internal Auditing. The exam content is developed with a focus on testing the candidates' understanding of the core concepts and practical knowledge related to the field of Internal Auditing. The examination process is carefully administered to ensure that the evaluation of candidates' performance is consistent and objective. The goal of the IAP Program Examinations are to equip candidates with the necessary skills and knowledge to excel in the field of Internal Auditing and make significant contributions to their organizations.
i) Multiple-Choice Questions (MCQs). ii)Numerical Problems. iii)Applied Theory Questions. iv)Emphasis on Case Studies. v) Project Work to assess the depth of understanding of the candidates and their ability to apply such understanding to practical situations.
In accordance with the Internal Auditing Professional (IAP) Program, the examinations will be conducted bi-annually, specifically in the months of January and July. The exact dates of the examinations will be announced well in advance by the Examination Committee, Executive Council, and/or Board of Directors of the Institute. This will ensure that students have ample time to submit their applications within the stipulated time frame. Such a system will allow students to prepare adequately and perform at their best during the examinations.
The Institute requires every candidate who wishes to sit for the IAP Program Examinations to submit their application or exam entry form before the following dates: 31st December for the January examination and 30th June for the July examination. At least twenty-one (21) days before the date of the examination, the Institute will issue a schedule, indicating the exact dates and times of each examination. The schedule will be issued to each candidates individually, and it is their responsibility to ensure that they receive it in a timely manner. The Executive Council/Board of Directors/Examination Committee of the Institute will announce the exact dates of the examinations well in advance, giving the candidates sufficient time to prepare and submit their applications before the deadline.
The examinations for the Internal Auditing Professional (IAP) Program will be conducted at various locations including Islamabad, Rawalpindi, Karachi, Sukkar, Lahore, Peshawar, Quetta, Multan, Gujranwala, Faisalabad, Sialkot, Muzaffarabad, and Mirpur. However, the Executive Council/Board of Directors/Examination Committee of the Institute may decide to conduct the examinations at other locations, provided that suitable infrastructure is available for the smooth conduct of the examinations. The decision to conduct examinations at additional locations will be based on the availability of appropriate facilities and the feasibility of organizing the examinations at these locations. Candidates will be informed of the examination center assigned to them at least 21 days prior to the examination date.
The Institute will announce the closing dates for submitting entries to sit for the examinations to each student individually, and through various means such as email, post, courier, and newspapers to inform prospective and intending candidates. Late entries to the examinations may be accepted at the discretion of the Executive Council/Board of Directors/Examination Committee of the Institute if the applications are received within ten (10) days after the prescribed closing date for each examination in the notification. However, the candidate must pay late fees of Rs.3,000/- per paper as a national/local candidate, Rs.5,000/- per paper as an overseas Pakistani candidate, and US $ 75 per paper as an international/foreign applicant intending to sit for the examination.
6-Results Of Examinations:
The results of the examinations will be disclosed to each candidate personally via email, post, or courier at least seven (07) weeks after the examination date. Additionally, the results will be made available to the public via a press release. The individual communication will specify if the candidate has passed, failed, or has been referred. No further information will be provided regarding the results, except for the grades obtained by the candidate based on their performance at the examination. The grades are defined as follows:
Grade Description :
A Pass with Distinction. B Pass Standard C Below pass standard but could be upgraded on the basis of performance in others subjects of the Level/Part. D Poor or fail. R Referred Subject
In the event that a candidate does not pass one or more subjects of a Stage/Part or Stages/Parts, he or she will be permitted to re-take the examination in the subject or subjects that he or she failed. This process is known as Referral. Such candidates may be referred in one or more papers, provided that they first pass the referred subjects before proceeding to take the next higher stages/parts of the examination, in the event that the referred subjects relate to two stages/parts. If the referred subjects pertain to only one stage/part, the candidate may be permitted to sit for the next succeeding stage/part at the same time as the preferred subjects. The candidate must pay the examination fee for the referred subject/s at the rates specified in the schedule above.
7-Misconduct At Examinations:
The Institute strictly prohibits certain acts by the students during the examination, which may be considered as misconduct and attract disciplinary action against them. Such acts include possessing or taking into the examination hall any books, notes, or other materials; aiding or attempting to aid another candidate or obtaining or attempting to obtain aid from another candidate; disobeying the instructions of the examination invigilator or breaching the examination rules and discipline; and providing false or misleading information to the examination invigilator.
In case a candidate is found guilty of any of these acts, the invigilator is authorized to remove the candidate from the examination hall. The Executive Council/Board of Directors/Examination Committee of the Institute may then impose appropriate penalties or fines on the candidate based on the report of the invigilator. For serious acts of misconduct and misbehavior at the examination hall, the Executive Council/Board of Directors/Examination Committee of the Institute may even debar the student from the Institute's examination and cancel his/her registration with the Institute.
8-Absence From An Examination:
If a candidate does not attend an examination, he/she will be considered absent from the examination. It is important to note that the examination fees are non-refundable and cannot be carried forward for subsequent examinations, regardless of the reason for the absence. Once the candidate's application for examination has been accepted by the Institute and the examination fees have been paid, they will not be refunded or transferred to future exams. This policy applies to all candidates, regardless of the circumstances surrounding their absence. Therefore, it is advisable for candidates to ensure that they are able to attend the scheduled examination before submitting their application and paying the examination fees.
9-Powers of the Examination Committee :
The Examination Committee has been granted the authority to regulate and oversee the conduct of the Institute's examinations and to establish necessary regulations and rules in this regard. The Committee has several main functions, including: i) Approving the establishment of Institute branches and examination centers both within and outside of Pakistan, and appointing representatives in these locations. The Committee may also regulate the activities of these branches and centers through bye-laws and has the power to dissolve any branch or center and remove any representative connected to the Institute. ii) Appointing, removing, or suspending examiners. iii) Issuing rules and regulations as necessary for the holding of examinations, in accordance with the prescribed regulations and bye-laws. iv) Conducting examinations at one or more locations at least once, but no more than twice a year, in the prescribed subjects and in accordance with the rules of examinations established under the articles.