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As an IIA training expert, I can provide guidance on how to pass the IIA-CIA-Part1 exam. This exam is designed to assess candidates' knowledge of the role of internal audit in governance, risk, and control. Passing this exam is essential for individuals seeking to become a Certified Internal Auditor. In this guide, I will cover the exam objectives, exam details, prerequisites, qualifications, and related books that can help candidates prepare for the exam.
Exam Objectives:
- Recognize the role of internal auditing in governance, risk management, and control
- Identify key principles and practices of effective internal auditing
- Understand the concepts of risk management and the internal control framework
- Understand the concepts of fraud risks and controls
- Understand the role of ethics and compliance in internal auditing
- Understand the role of technology in internal auditing
Exam Details:
The IIA-CIA-Part1 exam is a computer-based exam consisting of 125 multiple-choice questions. Candidates have two hours and 30 minutes to complete the exam. The passing score for the exam is 600 out of 800. The cost of the exam varies by location and membership status. The exam is delivered through Pearson VUE testing centers worldwide. The format of the exam is multiple-choice questions with only one correct answer.
Candidates who pass the IIA-CIA-Part1 exam will be one-third of the way towards becoming a Certified Internal Auditor. This exam is suitable for individuals who are interested in pursuing a career in internal auditing or related fields.
Prerequisites and Qualifications:
Candidates must have a bachelor's degree or its equivalent from an accredited institution, or they must have seven years of experience in internal auditing or related fields. Candidates without a bachelor's degree must have at least two years of post-secondary education and five years of internal auditing or related experience. Candidates must also adhere to the IIA's Code of Ethics.
Related Books:
There are several books that candidates can use to prepare for the IIA-CIA-Part1 exam. These books cover the exam objectives and provide guidance on how to approach the exam. Some recommended books include:
- The Internal Auditing Handbook by K.H. Spencer Pickett
- Internal Auditing: Assurance and Consulting Services by Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head
- Understanding and Conducting Information Systems Auditing by Ron Weber
- Internal Auditing: Principles and Practices by M. Hasan, S. Hassan, and M. Alamgir
These books provide a comprehensive overview of the exam objectives and can help candidates prepare for the exam. However, it is important to note that reading these books alone is not enough to pass the exam. Candidates should also practice answering sample questions and take mock exams to get a better understanding of the exam format and time management.
In conclusion, passing the IIA-CIA-Part1 exam requires a solid understanding of the role of internal auditing in governance, risk, and control. Candidates should familiarize themselves with the exam objectives, exam details, prerequisites, qualifications, and related books to increase their chances of success. With the right preparation, candidates can pass the IIA-CIA-Part1 exam and take the first step towards becoming a Certified Internal Auditor. Good luck to all candidates who are preparing to take the IIA-CIA-Part1 exam!
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