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IIA IIA-CIA-Part3 Exam Syllabus Topics:

SectionWeightObjectives
Information Technology20%- Explain the purpose and use of common information security and technology controls
  • 1. Antivirus
  • 2. Digital signatures
  • 3. Passwords
  • 4. Encryption
  • 5. Multi-factor authentication
  • 6. IT general controls
  • 7. Firewalls
  • 8. Biometrics
- Recognize data governance and data management concepts
- Identify risk and control implications related to IT infrastructure and systems
  • 1. Operating systems
  • 2. Business continuity and disaster recovery
  • 3. Networking
  • 4. Cloud computing
  • 5. Databases
- Recognize principles of data privacy and their potential impact on data security policies and practices
- Recognize existing and emerging cybersecurity threats and vulnerabilities
  • 1. Ransomware
  • 2. Social engineering
  • 3. Malware
  • 4. Phishing
- Examine the role of data analytics in the audit process
  • 1. Data analysis techniques
  • 2. Continuous auditing
  • 3. Data extraction
Common Business Processes45%- Describe the risk and control implications of supply chain management
  • 1. Vendor management
  • 2. Inventory management
  • 3. Quality control
- Examine financial management concepts and their risk and control implications
  • 1. Managerial accounting
  • 2. Financial accounting and reporting
  • 3. Financial analysis and decision-making
  • 4. Cost accounting
  • 5. Capital budgeting and investment
  • 6. Working capital management
- Recognize various forms and elements of contracts
  • 1. Fixed-price and cost-reimbursable contracts
  • 2. Formality
  • 3. Consideration
  • 4. Unilateral and bilateral contracts
- Describe business processes and their risk and control implications
  • 1. Human resources
  • 2. Management of outsourced processes
  • 3. Procurement
  • 4. Sales and marketing
  • 5. Logistics
  • 6. Product development
- Identify risk and control implications of project management
  • 1. Time/team/resources/cost management
  • 2. Project risk management
  • 3. Change management in projects
  • 4. Project plan and scope
Organizational Strategic Planning and Management25%- Analyze the organization's strategic planning process and its integration with the risk management strategy
  • 1. Business context analysis
  • 2. Objective setting
  • 3. Risk appetite definition
  • 4. Alternative strategies evaluation
  • 5. Alignment to the organization's mission and values
  • 6. Control environment
- Identify the risk and control implications of different organizational structures
  • 1. Flat versus traditional
  • 2. Centralized versus decentralized
  • 3. Matrix structures
- Identify risk and control implications related to leadership and mentoring
  • 1. Building organizational commitment
  • 2. Demonstrating entrepreneurial ability
  • 3. Mentoring
  • 4. Guiding people
  • 5. Providing constructive feedback
  • 6. Coaching
- Examine how performance measures and controls are used to assess achievement of organizational objectives
  • 1. Key performance indicators (KPIs)
  • 2. Benchmarking
  • 3. Balanced scorecard
- Examine organizational behavior and management principles
  • 1. Motivation theories
  • 2. Change management
  • 3. Conflict resolution
  • 4. Leadership styles
  • 5. Team dynamics
Financial Management10%- Examine the risk and control implications of financial statement analysis
  • 1. Trend analysis
  • 2. Ratio analysis
  • 3. Common-size analysis
- Identify risk and control implications of financial management
  • 1. Financial instruments
  • 2. Foreign currency
  • 3. Capital structure and financing
  • 4. Working capital management

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Free PDF Quiz IIA - IIA-CIA-Part3 - Internal Audit Function Updated Pdf Braindumps

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IIA Internal Audit Function Sample Questions (Q78-Q83):

NEW QUESTION # 78
A company uses the percentage-of-completion method and reports the foil wing:

The contract price is US $1.000. What is the profit recognized in Year 2?

Answer: C

Explanation:
At the end of Year 1, total cost was expected to be US $400$100 incurred + $300 estimated cost to complete), and estimated total profit was US $600$1,000 price - $400 estimated total cost. Hence, the amount of profit recognized in Year 1 was US $150 [$600 e$100 incurred - $400 estimated total cost)]. The project was completed in Year 2 at an additional cost of US $200. Actual profit was therefore US $700 -$1.000 - $300 actual total cost). Profit recognized in Year 2 is US $5: 1$700 total - $150 recognized in Year 1.


NEW QUESTION # 79
The most important reason to use risk assessment in audit planning is to:

Answer: C


NEW QUESTION # 80
An organization is considering outsourcing its IT services, and the internal auditor as assessing the related risks. The auditor grouped the related risks into three categories;
- Risks specific to the organization itself.
- Risks specific to the service provider.
- Risks shared by both the organization and the service provider
Which of the following risks should the auditor classify as specific to the service provider?

Answer: C

Explanation:
When an organization outsources IT services, risks can be categorized as:
* Risks specific to the organization - Risks that arise internally within the company.
* Risks specific to the service provider - Risks that are under the control of the third-party provider.
* Shared risks - Risks that require joint management by both the organization and the service provider.
Let's analyze the answer choices:
* Option A: Unexpected increases in outsourcing costs.
* Incorrect. While cost increases can be a risk, they are often a shared risk because the organization and the provider negotiate pricing terms.
* Option B: Loss of data privacy.
* Incorrect. Data privacy concerns are shared between the organization (which must ensure compliance with regulations like GDPR or CCPA) and the service provider (which must implement proper security controls).
* Option C: Inadequate staffing.
* Correct. The service provider is responsible for maintaining adequate staffing levels to deliver the contracted services effectively. If they fail to do so, service quality can deteriorate, posing risks to the organization.
* IIA Reference: Internal auditors should assess vendor risk management, including the provider's staffing capabilities. (IIA GTAG: Auditing IT Outsourcing)
* Option D: Violation of contractual terms.
* Incorrect. While the service provider may be responsible for upholding contract terms, the organization is also responsible for contract enforcement. This makes it a shared risk rather than one specific to the provider.


NEW QUESTION # 81
Why have many European Union countries not adopted ISO 14000 environmental standards?

Answer: C

Explanation:
Some European countries already have environmental systems in place, and individual countries' standards are typically more strict than the ISO 14000 standards. Furthermore, the relationship of these single-country standards with ISO 14000 is unclear.


NEW QUESTION # 82
According to IIA guidance, which of the following is a typical risk associated with the tender process and contracting stage of an organization's IT outsourcing life cycle?

Answer: C


NEW QUESTION # 83
......

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