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Overview of CIA Part 3 Exam - Notes

The CIA Part 3 exam, titled 'Business Knowledge for Internal Auditing,' consists of 100 multiple-choice questions to be completed in 2 hours, focusing on business processes, financial management, IT governance, and the global business environment. Candidates must achieve a passing score of 600 or higher and are encouraged to utilize recommended study materials and practice exams. Registration requires meeting eligibility criteria and completing the process online through the IIA website.

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6 views2 pages

Overview of CIA Part 3 Exam - Notes

The CIA Part 3 exam, titled 'Business Knowledge for Internal Auditing,' consists of 100 multiple-choice questions to be completed in 2 hours, focusing on business processes, financial management, IT governance, and the global business environment. Candidates must achieve a passing score of 600 or higher and are encouraged to utilize recommended study materials and practice exams. Registration requires meeting eligibility criteria and completing the process online through the IIA website.

Uploaded by

Fungai Kudangirana
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Overview of CIA Part 3 Exam (2025

Syllabus)
Introduction to CIA Part 3
The CIA Part 3 exam, titled "Business Knowledge for Internal Auditing," focuses on the
broader business environment and knowledge necessary for internal auditors to effectively
assess and manage risks. This part emphasizes the integration of business acumen with
internal auditing practices.

Exam Structure
 Number of Questions: 100 multiple-choice questions
 Duration: 2 hours
 Format: Computer-based testing
 Passing Score: A score of 600 or higher on a scale of 250 to 750 is typically required.

Content Areas
CIA Part 3 is organized into four primary content areas, reflecting the updated 2025 syllabus:

1. Business Processes and Risk Management (40%)


o Understanding key business processes (e.g., finance, operations, IT)
o Identifying and assessing risks associated with business processes
o Frameworks for risk management and governance (e.g., COSO, ISO)
o Techniques for risk assessment and mitigation strategies
2. Financial Management (20%)
o Basic financial principles and concepts
o Understanding financial statements and reporting
o Budgeting, forecasting, and financial analysis
o Assessing the impact of financial decisions on organizational performance
3. Information Technology (20%)
o Role of IT in supporting business operations and audit functions
o Understanding IT governance, risk, and control frameworks
o Evaluating the effectiveness of IT systems and controls
o Cybersecurity risks and their implications for internal auditing
4. Global Business Environment (20%)
o Trends and challenges in the global business landscape
o Cultural considerations in international auditing
o Regulatory and compliance issues affecting businesses worldwide
o Impact of globalization on risk management and internal controls

Study Recommendations
 Study Materials: Utilize IIA-recommended resources, including updated textbooks,
online courses, and practice exams tailored to the 2025 syllabus.
 Practice Exams: Engage in practice tests to become familiar with the exam format
and question types.
 Networking: Connect with other professionals to gain insights into current trends and
practices in internal auditing and business management.

Exam Registration
 Eligibility: Candidates must satisfy educational and professional experience
requirements as specified by the IIA.
 Registration Process: Register online through the IIA website, paying the exam fee
and selecting a testing center.

Conclusion
The CIA Part 3 exam is critical for internal auditors who wish to integrate business
knowledge with their auditing skills. Mastery of business processes, financial management,
IT governance, and the global business environment is essential for success. Thorough
preparation through study resources and practice will significantly enhance candidates'
chances of passing the exam.

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