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Information On Certified Internal Auditor Exam
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As the consequence of discoveries from a Job Analysis Study (JAS) for the CIA system directed in 2011, the Professional Certifications Board (PCB) and the Board of Directors of The IIA have affirmed two key updates to the project. The JAS discovered that the assembly of learning identified with the calling of inside reviewing has modified since the final exam substance redesign in 2004, and hence needs to be changed in accordance with reflect those progressions.
The first change will affect the exam structure, lessening the project from four to three exam parts. With the diminishment in parts, The IIA will be taking out the credit procurement beforehand pertinent to Part 4. The last change comprises of a realignment of the exam content diagram and address mean every part. Underneath is a concise outline of the new plot:
Part 1 Exam: Internal Auditing Basics. The time duration of this exam is two and a half hours. There are 125 questions.
Topical center zones incorporate:
1. IIA Mandatory Guidance
2. Internal Control and Risk Tools and Techniques for Conducting the Audi
Part 2 Exam: Internal Audit Practice. The time duration for this exam is two hours and there are 100 questions.
Topical center zones involve:
1. Managing the Internal Audit Function
2. Managing Individual Engagements
3. Fraud Risks and Controls
Part 3 Exam: Internal Audit Knowledge Elements. The time duration for this exam is two hours and there are 100 questions.
Topical center zones include:
2. Risk Management
3. Organizational Structure and Business Processes
6. IT/Business Continuity
7. Financial Management
8. Global Business Environment
The new content and three-part exam structure are booked to be actualized by mid-2013. The IIA is presently attempting to conclude the move prepare for the individuals who are at present in the CIA program and do not complete the project before the usage of the new structure. Extra parts identified with the move methodology could be discovered in the reports underneath.
The new CIA exam Part 3 subjects tried incorporate administration and business morals; hazard administration; organizational structure, incorporating business forms and dangers; correspondence; administration and initiative standards; data innovation and business coherence; budgetary administration; and the worldwide nature's turf.
The CIA exam tests candidates’ skills and knowledge of current inside reviewing practices, dangers and controls, and significantly more. Simply the procedure of getting ready for the exam will improve their expert understanding and fortify your grip of The IIA's International Standards for the Professional Practice of Internal Auditing Standards.
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