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IIA-CIA-Part3-3P exam, also known as the CIA Exam Part Three: Business Knowledge for Internal Auditing, is a certification exam offered by the Institute of Internal Auditors (IIA). IIA-CIA-Part3-3P exam is designed to test the knowledge and skills of internal auditors in the area of business acumen and risk management. It is a crucial step in the certification process for individuals who wish to become Certified Internal Auditors (CIA).

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The IIA IIA-CIA-Part3-3P exam, financial management, covers the candidate's understanding of financial reporting, budgeting, and financial analysis. This section measures the candidate's ability to identify financial risks and to evaluate the effectiveness of financial controls. It also covers the candidate's understanding of the role of internal auditing in supporting financial management and reporting.

Reference: https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2019-Exam-Syllabus-Part-3.aspx

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IIA IIA-CIA-Part3-3P Exam Syllabus Topics:

SectionWeightObjectives
Information Security25%- Cybersecurity and Risk
  • 1. Security audit and assessment
    • 2. Threats, vulnerabilities, and attacks
      • 3. Incident response and recovery
        - Security Frameworks and Controls
        • 1. Information security governance
          • 2. Data privacy and protection regulations
            • 3. Network security and infrastructure protection
              • 4. Access control systems and methodologies
                Information Technology20%- IT Operations and Application
                • 1. IT infrastructure and architecture
                  • 2. Software development and acquisition
                    • 3. Cloud computing and emerging technologies
                      • 4. Database management and data governance
                        - Data Analytics
                        • 1. Data integrity and quality assurance
                          • 2. Using analytics for internal audit
                            • 3. Data analysis techniques and tools
                              Business Acumen35%- Global Business Environment
                              • 1. Legal and regulatory frameworks
                                • 2. Economic and financial markets
                                  • 3. Corporate governance principles
                                    • 4. Risk management concepts
                                      - Organizational Objectives, Behavior, and Performance
                                      • 1. Performance management and measurement
                                        • 2. Leadership, management, and communication
                                          • 3. Strategic planning and implementation
                                            • 4. Organizational structure and culture
                                              Financial Management20%- Financial Management and Capital Budgeting
                                              • 1. Cost management concepts
                                                • 2. Budgeting and forecasting
                                                  • 3. Capital structure and financing decisions
                                                    • 4. Working capital management
                                                      - Financial Accounting
                                                      • 1. Accounting principles and standards
                                                        • 2. Analysis of financial performance
                                                          • 3. Basic financial statements and reporting

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