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IIA IIA-CIA-Part3 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Information Security25%- Security Incidents and Continuity
  • 1. Business continuity planning
  • 2. Incident response and management
  • 3. Disaster recovery
- Security Risks and Controls
  • 1. Network and infrastructure security
  • 2. Access control and identity management
  • 3. Data protection and privacy
  • 4. Threats, vulnerabilities, and attacks
- Information Security Principles
  • 1. Security frameworks and standards
  • 2. Confidentiality, integrity, availability
  • 3. Security governance and policies
Topic 2: Information Technology20%- IT Governance and Strategy
  • 1. IT alignment with business goals
  • 2. IT governance frameworks (COBIT, ITIL)
  • 3. IT investment and portfolio management
- IT Infrastructure and Applications
  • 1. Cloud computing and virtualization
  • 2. Database and data management
  • 3. Application development and controls
  • 4. Hardware, software, and networks
- Emerging Technologies and Data Analytics
  • 1. AI, RPA, blockchain, IoT
  • 2. Data analytics concepts and tools
  • 3. Continuous auditing and monitoring
Topic 3: Business Acumen35%- Organizational Structure and Business Processes
  • 1. Outsourcing and third-party management
  • 2. Core business processes and risks
  • 3. Project management principles
  • 4. Structure types and risk implications
- Governance, Risk, and Control
  • 1. Risk management methodologies
  • 2. Control frameworks and design
  • 3. Ethics and compliance
  • 4. Corporate governance frameworks
- Organizational Objectives, Behavior, and Performance
  • 1. Organizational behavior and leadership
  • 2. Management and leadership effectiveness
  • 3. Strategic planning and alignment
  • 4. Performance measurement and management
Topic 4: Financial Management20%- Financial Management and Capital Budgeting
  • 1. Tax and regulatory considerations
  • 2. Capital structure and financing
  • 3. Capital budgeting techniques (NPV, IRR)
  • 4. Working capital management
- Financial Accounting and Reporting
  • 1. Financial statement analysis
  • 2. Accounting principles and standards
  • 3. Basic financial statements and elements
- Managerial Accounting
  • 1. Cost concepts and allocation
  • 2. Budgeting and variance analysis
  • 3. Pricing and product decisions

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IIA Internal Audit Function Sample Questions (Q331-Q336):

NEW QUESTION # 331
Which of the following biometric access controls uses the most unique human recognition characteristic?

Answer: B


NEW QUESTION # 332
Which of the following is a result of Implementing on e-commerce system, which relies heavily on electronic data interchange and electronic funds transfer, for purchasing and biting?

Answer: B

Explanation:
* Understanding E-Commerce Systems and Their Financial Impact
* E-commerce systems, including electronic data interchange (EDI) and electronic funds transfer (EFT), streamline procurement and payment processes.
* The main financial effect of implementing such a system is the acceleration of accounts payable transactions.
* This is because automated purchasing systems allow businesses to place orders faster and in larger volumes, leading to an increase in outstanding liabilities (accounts payable) before payments are settled.
* Why Option D is Correct?
* Higher accounts payable occur because:
* EDI automates order placement, leading to more frequent and possibly larger purchases before payments are processed.
* EFT may improve payment processing speed, but it does not eliminate outstanding payables immediately.
* Suppliers may extend credit terms, increasing the organization's short-term liabilities under accounts payable.
* IIA Standard 2110 - Governance requires internal auditors to evaluate how technology changes impact financial controls, including accounts payable management.
* COBIT 5 Framework - AP Processes emphasizes that auditors should monitor financial system integration risks, including liabilities like accounts payable.
* Why Other Options Are Incorrect?
* Option A (Higher cash flow and treasury balances):
* E-commerce improves transaction efficiency but does not necessarily increase cash flow. It may even reduce available cash due to frequent automated purchases.
* Option B (Higher inventory balances):
* EDI can reduce inventory levels due to just-in-time (JIT) ordering, rather than increasing them.
* Option C (Higher accounts receivable):
* Accounts receivable refers to money owed to the organization, but e-commerce impacts payables (money owed by the organization) more directly.
* E-commerce accelerates order processing and supplier payments, increasing accounts payable balances before payment cycles are completed.
* IIA Standard 2110 and COBIT 5 stress financial controls, including monitoring accounts payable risks.
Final Justification:IIA References:
* IPPF Standard 2110 - Governance
* COBIT 5 - Accounts Payable Controls & Risks
* ISO 20022 - Financial Messaging Standards (for EDI & EFT Transactions)


NEW QUESTION # 333
When would a contract be dosed out?

Answer: A


NEW QUESTION # 334
Which of the following is a characteristic of using a hierarchical control structure?

Answer: B


NEW QUESTION # 335
Following an evaluation of an organization's IT controls, an internal auditor suggested improving the process where results are compared against the input. Which of the following IT controls would the Internal auditor recommend?

Answer: A

Explanation:
The question refers to an internal auditor evaluating IT controls and suggesting an improvement in the process where results are compared against the input. This indicates a focus on verifying the accuracy, completeness, and validity of processed data, which falls under processing controls.
* Definition of IT Controls Categories:
* Input Controls: Ensure data accuracy before processing but do not compare input to results.
* Processing Controls: Ensure that data is processed correctly and that the output matches the expected results.
* Output Controls: Verify the accuracy of the final output but do not directly compare results against input.
* Integrity Controls: Ensure data integrity across systems but do not specifically focus on input- output validation.
* Why Processing Controls?
* Processing controls are designed to detect and correct errors during data processing.
* According to the IIA's Global Technology Audit Guide (GTAG) on Information Technology Risks, processing controls ensure data consistency, accuracy, and completeness by validating input data against expected output.
* Examples of processing controls include:
* Reconciliation controls (comparing input and output).
* Validation and verification checks (ensuring correct processing logic).
* Why Not Other Options?
* A. Output Controls: Focus on final reports and user access, not comparing input with output.
* B. Input Controls: Ensure valid data entry but do not verify processing results.
* D. Integrity Controls: Protect data consistency but do not specifically involve input-output reconciliation.
* IIA GTAG - Information Technology Risks and Controls
* IIA Standard 2110 - IT Governance and Risk Management
* COBIT 2019 - Control Objectives for Information and Related Technologies Step-by-Step Justification:IIA References:Thus, the correct and verified answer is C. Processing controls.


NEW QUESTION # 336
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