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CIA part 3 exam — Information & Free Practice

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CIA part 3 exam

Provider
The Institute of Internal Auditors
Format
Multiple-choice examination
Exam questions
Total questions: 100.
Time limit
120 minutes
Passing score
Scaled score of 600
Examination outline
  • Internal Audit Operations (25%)
    • Describe methodologies for the planning, organizing, directing, and monitoring of internal audit operations
    • Describe key activities for managing financial, human, and IT resources within the internal audit function
    • Describe the key elements required to align internal audit strategy to stakeholder expectations
    • Recognize the chief audit executive's responsibilities for building relationships and communicating with senior management and the board about various matters
  • Internal Audit Plan (15%)
    • Identify sources of potential engagements
    • Describe the processes to develop a risk-based audit plan
    • Recognize the importance for internal auditors to coordinate with other assurance providers and leverage their work
  • Quality of the Internal Audit Function (15%)
    • Describe the required elements of the quality assurance and improvement program
    • Identify appropriate disclosure of nonconformance with The IIA's Global Internal Audit Standards
    • Recognize practical methods for establishing internal audit key performance indicators or scorecard metrics that the chief audit executive communicates to senior management and the board
  • Engagement Results and Monitoring (45%)
    • Recognize attributes of effective engagement results communication
    • Demonstrate effective communication of engagement results
    • Determine whether to develop recommendations, request action plans from management, or collaborate with management to agree on actions
    • Describe the engagement closing communication and reporting process
    • Describe the chief audit executive's responsibility for assessing residual risk for the engagement
    • Describe the process for communicating risk acceptance (when management has accepted a level of risk that may be unacceptable to the organization)
    • Describe the process for monitoring and confirming the implementation of management action plans
    • Describe the escalation process if management has not adequately implemented an action plan
Examination sources

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