If you are an aspiring internal auditor and seeking to validate your business knowledge, then the IIA-CIA-PART3-3P exam is the one for you. The exam focuses on testing your knowledge of business processes, financial management, and information technology. Passing the exam certifies that you have the skills to evaluate business risks and provide recommendations to manage those risks. In this article, we will discuss the topics covered in the exam, exam objectives, prerequisites, related books, and exam details to help you prepare for the IIA-CIA-PART3-3P exam.
Exam Objectives:
- Understanding business processes (35-45%)
- Understanding financial management (20-25%)
- Understanding information technology (20-25%)
- Understanding governance concepts (10-20%)
The exam objectives are designed to test the knowledge and skills required to provide a competent internal audit service. The topics covered in the exam reflect the modern business environment and the risks associated with it. Candidates must demonstrate their ability to evaluate business risks and recommend control measures to mitigate those risks.
Who should take the exam?
The IIA-CIA-PART3-3P exam is designed for individuals who wish to demonstrate their competence in internal auditing. The exam is intended for candidates who have experience in internal auditing or have completed the IIA-CIA-PART1-3P and IIA-CIA-PART2-3P exams. The IIA-CIA-PART3-3P exam is a certification requirement for individuals who wish to obtain the Certified Internal Auditor (CIA) designation.
Prerequisites and qualifications:
Candidates who wish to take the IIA-CIA-PART3-3P exam must meet the following requirements:
- Have completed the IIA-CIA-PART1-3P and IIA-CIA-PART2-3P exams
- Have two years of internal auditing experience or equivalent
- Have a post-secondary degree or its equivalent
- Agree to the terms of the IIA's certification program, including the Code of Ethics
Related Books:
To prepare for the IIA-CIA-PART3-3P exam, candidates can use the following books:
- Internal Auditing: Assurance and Consulting Services, 4th Edition by Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head
- The Internal Auditing Handbook, 4th Edition by K.H. Spencer Pickett
- Principles of External Auditing, 4th Edition by Brenda Porter, Jon Simon, David Hatherly
- IT Auditing Using Controls to Protect Information Assets, 2nd Edition by Chris Davis, Mike Schiller, Kevin Wheeler
Candidates can also refer to the IIA's official study materials, which include practice exams and study guides.
Exam Details:
The IIA-CIA-PART3-3P exam is a computer-based exam that consists of 100 multiple-choice questions. The exam is timed, and candidates have three hours to complete it. The passing score for the exam is 600, and the cost of the exam varies depending on the country in which it is
taken. The exam is available in multiple languages and can be taken at a Pearson VUE test center or remotely through the OnVUE online proctoring platform.
The exam fee for IIA members is $395, and for non-members, it is $595. Candidates can register for the exam through the IIA's website. Once registered, candidates will receive a confirmation email with information on scheduling the exam.
In conclusion, passing the IIA-CIA-PART3-3P exam requires a thorough understanding of business processes, financial management, information technology, and governance concepts. Candidates must meet the prerequisites and qualifications and use the recommended study materials to prepare adequately for the exam. The exam is computer-based and can be taken at a Pearson VUE test center or through the OnVUE online proctoring platform. With diligent preparation, candidates can pass the exam and demonstrate their competence in internal auditing.