IIA-CIA-Part3 Exam Topics

IIA-CIA-Part3 Exam Overview :

Exam Name:	Certified Internal Auditor-Internal Audit Knowledge Elements
Exam Code:	IIA-CIA-Part3
Certifications:	IIA Certified Internal Auditor Certification
Actual Exam Duration:	120 minutes
Expected no. of Questions in Actual Exam:	100
See Expected Questions:	IIA IIA-CIA-Part3 Expected Questions in Actual Exam

IIA-CIA-Part3 Exam Objectives :

Section	Weight	Objectives
I. Governance / Business Ethics	5-15%	A. Corporate/Organizational Governance Principles – Proficiency Level (P) B. Environmental and Social Safeguards C. Corporate Social Responsibility
II. Risk Management - Proficiency Level (P)	10-20%	A. Risk Management Techniques B. Organizational Use of Risk Frameworks (e.g. COSO and ISO 31000 Risk Management)
III. Organizational Structure/Business Processes and Risks	15-25%	A. Risk/Control Implications of Different Organizational Structures B. Structure (e.g., centralized/decentralized) C. Typical Schemes in Various Business Cycles (e.g., procurement, sales, knowledge, supply-chain management) D. Business Process Analysis (e.g., workflow analysis and bottleneck management, theory of constraints) E. Inventory Management Techniques and Concepts F. Electronic Funds Transfer (EFT)/Electronic Data Interchange (EDI)/E-commerce G. Business Development Life Cycles H. The International Organization for Standardization (ISO) Framework I. Outsourcing Business Processes
IV. Communication	5-10%	A. Communication (e.g., the process, organizational dynamics, impact of computerization) B. Stakeholder Relationships
V. Management / Leadership Principles	(10-20%	A. Strategic Management Global analytical techniques Structural analysis of industries Competitive strategies (e.g., Porter's model) Competitive analysis Market signals Industry evolution Industry environments Competitive strategies related to: Fragmented industries Emerging industries Declining industries Competition in global industries Sources/impediments Evolution of global markets Strategic alternatives Trends affecting competition Strategic decisions Analysis of integration strategies Capacity expansion Entry into new businesses Forecasting Quality management (e.g., TQM, Six Sigma) Decision analysis B. Organizational Behavior Organizational theory (structures and configurations) Organizational behavior (e.g., motivation, impact of job design, rewards, schedules) Group dynamics (e.g., traits, development stages, organizational politics, effectiveness) Knowledge of human resource processes (e.g., individual performance management, supervision, personnel sourcing/staffing, staff development) Risk/control implications of different leadership styles Performance (productivity, effectiveness, etc.) C. Management Skills/Leadership Styles Lead, inspire, mentor, and guide people, building organizational commitment and entrepreneurial orientation Create group synergy in pursuing collective goals Team-building and assessing team performance D. Conflict Management Conflict resolution (e.g., competitive, cooperative, and compromise) Negotiation skills Conflict management Added-value negotiating E. Project Management / Change Management Change management Project management techniques
VI. IT / Business Continuity	15-25%	A. Security Physical/system security (e.g., firewalls, access control) Information protection (e.g., viruses, privacy) Application authentication Encryption B. Application Development End-user computing Change control (Proficiency Level) Systems development methodology (Proficiency Level) Application development (Proficiency Level) Information systems development C. System Infrastructure Workstations Databases IT control frameworks (e.g., eSAC, COBIT) Functional areas of IT operations (e.g., data center operations) Enterprise-wide resource planning (ERP) software (e.g., SAP R/3) Data, voice, and network communications/connections (e.g., LAN, VAN, and WAN) Server Software licensing Mainframe Operating systems Web infrastructure D. Business Continuity IT contingency planning
VII. Financial Management	10-20%	A. Financial Accounting and Finance Basic concepts and underlying principles of financial accounting (e.g., statements, terminology, relationships) Intermediate concepts of financial accounting (e.g., bonds, leases, pensions, intangible assets, RandD) Advanced concepts of financial accounting (e.g., consolidation, partnerships, foreign currency transactions) Financial statement analysis (e.g., ratios) Types of debt and equity Financial instruments (e.g., derivatives) Cash management (e.g., treasury functions) Valuation models Business valuation Inventory valuation Capital budgeting (e.g., cost of capital evaluation) Taxation schemes (e.g., tax shelters, VAT) B. Managerial Accounting General concepts Costing systems (e.g., activity-based, standard) Cost concepts (e.g., absorption, variable, fixed) Relevant cost Cost-volume-profit analysis Transfer pricing Responsibility accounting Operating budget
VIII. Global Business Environment	0-10%	A. Economic / Financial Environments Global, multinational, international, and multi-local compared and contrasted Requirements for entering the global marketplace Creating organizational adaptability Managing training and development B. Cultural / Political Environments Balancing global requirements and local imperatives Global mindsets (personal characteristics/competencies) Sources and methods for managing complexities and contradictions. Managing multicultural teams C. Legal and Economics — General Concepts (e.g., contracts) D. Impact of Government Legislation and Regulation on Business (e.g., trade legislation)
Official Information		https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2013-Exam-Syllabus-Part-3.aspx

Updates in the IIA-CIA-Part3 Exam Topics:

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