CIA Exam Part Three: Business Knowledge for Internal Auditing
Last Update Nov 24, 2024
Total Questions : 488
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| Exam Name | CIA Exam Part Three: Business Knowledge for Internal Auditing |
| Exam Code | IIA-CIA-Part3-3P |
| Actual Exam Duration | 120 minutes |
| Expected no. of Questions in Actual Exam | 100 |
| Official Information | https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2019-Exam-Syllabus-Part-3.aspx |
| See Expected Questions | IIA IIA-CIA-Part3-3P Expected Questions in Actual Exam |
| Take Self-Assessment | Use IIA IIA-CIA-Part3-3P Practice Test to Assess your preparation - Save Time and Reduce Chances of Failure |
| Section | Weight | Objectives |
|---|---|---|
| I. Business Acumen | 35% | 1. Organizational Objectives, Behavior, and Performance A Describe the strategic planning process and key activities (objective setting, globalization and competitive considerations, alignment to the organization's mission and values, etc.) B Examine common performance measures (financial, operational, qualitative vs. quantitative, productivity, quality, efficiency, effectiveness, etc.) C Explain organizational behavior (individuals in organizations, groups, and how organizations behave, etc.) and different performance management techniques (traits, organizational politics, motivation, job design, rewards, work schedules, etc.) D Describe management’s effectiveness to lead, mentor, guide people, build organizational commitment, and demonstrate entrepreneurial ability 2. Organizational Structure and Business Processes A Appraise the risk and control implications of different organizational configuration structures (centralized vs. decentralized, flat structure vs. traditional, etc.) B Examine the risk and control implications of common business processes (human resources, procurement, product development, sales, marketing, logistics, management of outsourced processes, etc.) C Identify project management techniques (project plan and scope, time/team/resources/cost management, change management, etc.) D Recognize the various forms and elements of contracts (formality, consideration, unilateral, bilateral, etc.) 3. Data Analytics A Describe data analytics, data types, data governance, and the value of using data analytics in internal auditing B Explain the data analytics process (define questions, obtain relevant data, clean/normalize data, analyze data, communicate results) C Recognize the application of data analytics methods in internal auditing (anomaly detection, diagnostic analysis, predictive analysis, network analysis, text analysis, etc.) |
| II. Information Security | 25% | 1. Information Security A Differentiate types of common physical security controls (cards, keys, biometrics, etc.) B Differentiate the various forms of user authentication and authorization controls (password, two-level authentication, biometrics, digital signatures, etc.) and identify potential risks C Explain the purpose and use of various information security controls (encryption, firewalls, antivirus, etc.) D Recognize data privacy laws and their potential impact on data security policies and practices E Recognize emerging technology practices and their impact on security (bring your own device [BYOD], smart devices, internet of things [IoT], etc.) F Recognize existing and emerging cybersecurity risks (hacking, piracy, tampering, ransomware attacks, phishing attacks, etc.) G Describe cybersecurity and information security-related policies |
| III. Information Technology | 20% | 1. Application and System Software A Recognize core activities in the systems development lifecycle and delivery (requirements definition, design, developing, testing, debugging, deployment, maintenance, etc.) and the importance of change controls throughout the process B Explain basic database terms (data, database, record, object, field, schema, etc.) and internet terms (HTML, HTTP, URL, domain name, browser, click-through, electronic data interchange [EDI], cookies, etc.) C Identify key characteristics of software systems (customer relationship management [CRM] systems; enterprise resource planning [ERP] systems; and governance, risk, and compliance [GRC] systems; etc.) 2. IT Infrastructure and IT Control Frameworks A Explain basic IT infrastructure and network concepts (server, mainframe, client-server configuration, gateways, routers, LAN, WAN, VPN, etc.) and identify potential risks B Define the operational roles of a network administrator, database administrator, and help desk C Recognize the purpose and applications of IT control frameworks (COBIT, ISO 27000, ITIL, etc.) and basic IT controls 3. Disaster Recovery A Explain disaster recovery planning site concepts (hot, warm, cold, etc.) B Explain the purpose of systems and data backup C ?Explain the purpose of systems and data recovery procedures |
| IV. Financial Management | 20% | 1. Financial Accounting and Finance A Identify concepts and underlying principles of financial accounting (types of financial statements and terminologies such as bonds, leases, pensions, intangible assets, research and development, etc.) B Recognize advanced and emerging financial accounting concepts (consolidation, investments, fair value, partnerships, foreign currency transactions, etc.) C Interpret financial analysis (horizontal and vertical analysis and ratios related to activity, profitability, liquidity, leverage, etc.) D Describe revenue cycle, current asset management activities and accounting, and supply chain management (including inventory valuation and accounts payable) Basic? E Describe capital budgeting, capital structure, basic taxation, and transfer pricing 2. Managerial Accounting A Explain general concepts of managerial accounting (cost-volume-profit analysis, budgeting, expense allocation, cost- benefit analysis, etc.) B Differentiate costing systems (absorption, variable, fixed, activity-based, standard, etc.) C Distinguish various costs (relevant and irrelevant costs, incremental costs, etc.) and their use in decision making |
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TESTED 24 Nov 2024
