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| Section | Weight | Objectives |
|---|
| Topic 1: Business Acumen | 35% | - Organizational Structure and Business Processes
- 1. Core business processes and risks
- 2. Outsourcing and third-party management
- 3. Structure types and risk implications
- 4. Project management principles
- Governance, Risk, and Control
- 1. Risk management methodologies
- 2. Corporate governance frameworks
- 3. Control frameworks and design
- 4. Ethics and compliance
- Organizational Objectives, Behavior, and Performance
- 1. Management and leadership effectiveness
- 2. Organizational behavior and leadership
- 3. Strategic planning and alignment
- 4. Performance measurement and management
|
| Topic 2: Financial Management | 20% | - Managerial Accounting
- 1. Cost concepts and allocation
- 2. Pricing and product decisions
- 3. Budgeting and variance analysis
- Financial Management and Capital Budgeting
- 1. Tax and regulatory considerations
- 2. Capital structure and financing
- 3. Working capital management
- 4. Capital budgeting techniques (NPV, IRR)
- Financial Accounting and Reporting
- 1. Financial statement analysis
- 2. Accounting principles and standards
- 3. Basic financial statements and elements
|
| Topic 3: Information Technology | 20% | - IT Governance and Strategy
- 1. IT alignment with business goals
- 2. IT investment and portfolio management
- 3. IT governance frameworks (COBIT, ITIL)
- Emerging Technologies and Data Analytics
- 1. Data analytics concepts and tools
- 2. Continuous auditing and monitoring
- 3. AI, RPA, blockchain, IoT
- IT Infrastructure and Applications
- 1. Cloud computing and virtualization
- 2. Database and data management
- 3. Application development and controls
- 4. Hardware, software, and networks
|
| Topic 4: Information Security | 25% | - Security Risks and Controls
- 1. Access control and identity management
- 2. Threats, vulnerabilities, and attacks
- 3. Data protection and privacy
- 4. Network and infrastructure security
- Security Incidents and Continuity
- 1. Business continuity planning
- 2. Disaster recovery
- 3. Incident response and management
- Information Security Principles
- 1. Security frameworks and standards
- 2. Confidentiality, integrity, availability
- 3. Security governance and policies
|
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IIA Internal Audit Function Sample Questions (Q525-Q530):
NEW QUESTION # 525
A Gantt chart:
- A. Is used for determining an optimal product mix.
- B. Does not necessarily show the critical path through a network.
- C. Shows only the activities along the critical path of a network.
- D. Shows the critical path for a project.
Answer: B
Explanation:
The major advantage of a Gantt chart is its simplicity: It requires no special tools or mathematics. However, it depicts only the interrelationships between tasks in a limited way. Thus, trying to identify a project's critical path from a Gantt chart may not be feasible.
NEW QUESTION # 526
The head of the research arid development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?
1. Favorable labor efficiency variance.
2. Adverse labor rate variance.
3. Adverse labor efficiency variance.
4. Favorable labor rate variance.
- A. 1 and 2
- B. 2 and 3
- C. 3 and A
- D. 1 and 4
Answer: A
NEW QUESTION # 527
In creating a risk-based plan, which of the following best describes a top-down approach to understanding business processes?
- A. Analyzing the organization's strategic plan where the business processes are defined.
- B. Identifying the risks affecting the organization, the objectives, and then the processes concerned.
- C. Analyzing the organization's objectives and identifying the processes needed to achieve the objectives.
- D. Identifying the processes at the activity level.
Answer: C
NEW QUESTION # 528
Which of the following is a characteristic of big data?
- A. Big data comes from internal sources kept in data warehouses.
- B. Big data analytic results often need to be visualized.
- C. Big data is often structured.
- D. Big data is often generated slowly and is highly variable.
Answer: B
NEW QUESTION # 529
Which of the following statements about market signaling is correct?
1.The organization releases information about a new product generation.
2.The organization limits a challenger's access to the best source of raw materials or labor.
3.The organization announces that it is fighting a new process technology.
4.The organization makes exclusive arrangements with the channels.
- A. 2 and 3 only
- B. 1 and 4 only
- C. 1 and 3 only
- D. 2 and 4 only
Answer: C
NEW QUESTION # 530
......
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