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If you are planning to take the IIA-CIA-Part3 exam, also known as the CIA Exam Part Three: Business Knowledge for Internal Auditing, then you are in the right place. This exam is designed to test your knowledge and skills related to business processes, risks, and controls. Passing this exam is a requirement for earning the Certified Internal Auditor (CIA) designation, which is recognized globally as the standard of excellence for internal auditors.
Exam Objectives:
- Business Acumen (35%)
- Information Security (25%)
- Information Technology (20%)
- Financial Management (20%)
The IIA-CIA-Part3 exam is intended for internal auditors who have a strong understanding of internal audit basics and have experience working in an internal audit environment. It is recommended that candidates have at least two years of experience in internal auditing or a related field before attempting this exam.
Exam Details:
- Cost: The cost of the exam varies by location. Check with the IIA or local chapter for pricing information.
- Passing Mark: The passing score for the IIA-CIA-Part3 exam is 600 out of 800 points.
- Time: Candidates have four hours to complete the exam.
- Delivery Method: The exam is delivered via computer-based testing (CBT) at authorized Pearson VUE testing centers.
- Format: The exam consists of 100 multiple-choice questions.
Related Books:
There are several resources available to help you prepare for the IIA-CIA-Part3 exam. Here are a few recommended books:
- Internal Auditing: Assurance and Consulting Services, 3rd Edition, by Kurt F. Reding, Paul J. Sobel, and Urton L. Anderson
- The IIA's CIA Learning System, 2019 Edition
- CIA Exam Practice Questions, by Certified Internal Auditor Exam Prep Team
- Essentials of Strategic Planning in Healthcare, by Jeffrey P. Harrison
- Financial Management for Nonprofit Organizations: Policies and Practices, 3rd Edition, by John Zietlow, Jo Ann Hankin, and Alan G. Seidner
These resources cover topics related to the exam objectives and can help you prepare for the exam. However, it is important to note that the exam is not based solely on these resources and may include additional topics and concepts.
In summary, passing the IIA-CIA-Part3 exam requires a strong understanding of business processes, risks, and controls, as well as experience working in an internal audit environment. It is recommended that candidates have at least two years of experience in internal auditing or a related field before attempting the exam. Utilizing the recommended resources and practicing with sample questions can help candidates prepare for the exam and increase their chances of success.
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