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IIA IIA-CIA-Part3-3P Exam

CIA Exam Part Three: Business Knowledge for Internal Auditing

Total Questions: 488

What is Included in the IIA-CIA-Part3-3P Exam?

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IIA IIA-CIA-Part3-3P Exam Overview :

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

IIA IIA-CIA-Part3-3P Exam Topics :

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

Updates in the IIA-CIA-Part3-3P Exam Topics:

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