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IIA-CIA-Part2 (Practice of Internal Auditing) Exam is a certification offered by the Institute of Internal Auditors (IIA) to professionals who are looking to advance their careers in internal auditing. Internal Audit Engagement certification is designed to assess the knowledge, skills, and abilities of candidates in the areas of internal audit practice, risk management, governance, and control.
Reference: https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2013-Exam-Syllabus-Part-2.aspx
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IIA-CIA-Part2 Certification Exam covers a wide range of topics related to the practice of internal auditing. These topics include risk management, internal control, fraud detection, legal and regulatory compliance, and communication skills. IIA-CIA-Part2 exam is divided into multiple-choice questions, which test the candidate's knowledge of these topics. Candidates are required to pass the exam with a minimum score of 600 on a scale of 250-750.
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Information Gathering, Analysis and Evaluation | 40% | - Gather and verify relevant information and evidence - Apply analytical procedures and data analysis techniques - Use technology and audit tools effectively - Evaluate controls, risks, and process effectiveness - Assess compliance with policies, standards, and requirements |
| Topic 2: Engagement Planning | 50% | - Establish engagement criteria and resource requirements - Develop engagement work program - Consider fraud risks and applicable laws/regulations - Determine engagement objectives and scope - Identify and assess risks relevant to the engagement |
| Topic 3: Engagement Supervision and Communication | 10% | - Develop and communicate engagement observations and conclusions - Monitor and follow up on engagement outcomes - Supervise engagement activities and review workpapers - Formulate recommendations and action plans - Coordinate with stakeholders and resolve issues |
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