Internal Audit Practice
IIA-CIA-Part2: Internal Audit Practice exam features the main exam syllabus that has been given to the individuals as under:
In the first section of Managing the Internal Audit Function that covers forty to fifty percent in the exam, applicants get to learn related to the following exam topics:
First we have Strategic Role of Internal Audit which includes the task to Initiate, manage, be a change catalyst, and cope with change, Build and maintain networking with other organization executives and the audit committee, Organize and lead a team in mapping, analysis, and business process improvement, Assess and foster the ethical climate of the board and management, Investigate and recommend resolution for ethics/compliance complaints, and determine
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Monitor Engagement Outcomes is the next topic that covers the learning of appropriate method to monitor engagement outcomes, engagement outcomes and conduct appropriate follow-up by the internal audit activity, follow-up and report on management's response to internal audit recommendations and significant audit issues to senior management and the board periodically.
The topic of Fraud Risks and Controls covers five to fifteen percent in the exam which covers the knowledge of fraud risks and identify common types of fraud associated with the engagement area during the engagement planning process, fraud risks require special consideration when conducting an engagement, suspected fraud merits investigation, process review to improve controls to prevent fraud and recommend change, Employ audit tests to detect fraud, culture of fraud awareness, and encourage the reporting of improprieties, investigative techniques and Forensic auditing
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