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Pass IIA IIA-CIA-Part3-3P Exam dumps - CIA

Exam Code: IIA-CIA-Part3-3P
Exam Name: CIA Exam Part Three: Business Knowledge for Internal Auditing
Last Update: Apr 19, 2025
488 Questions Answers with Explanation Detail
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IIA IIA-CIA-Part3-3P Last Week Results!

934

Candidates Passed
IIA IIA-CIA-Part3-3P

95%

Average Score In Real
Exam At Testing Centre

88%

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IIA IIA-CIA-Part3-3P Exam Dumps FAQs

Overview of IIA IIA-CIA-Part3-3P Exam

The IIA IIA-CIA-Part3-3P exam, also known as the Certified Internal Auditor (CIA) Exam Part Three: Business Knowledge for Internal Auditing, is a crucial part of the CIA certification process. It is designed to evaluate a candidate's ability to apply key business concepts and principles in an internal auditing context.

  • Purpose: The exam tests the knowledge of internal auditors in areas such as financial management, information technology, and business acumen necessary for effectively conducting audits.
  • Target Audience: This exam is intended for individuals seeking to advance their career in internal auditing and gain recognition through the globally respected CIA designation.
  • Key Skills Assessed: Candidates are tested on their understanding of organizational objectives, governance, risk management, managerial decision-making processes, and IT/business continuity.

The content aligns with standards set by The Institute of Internal Auditors (IIA), ensuring that those who pass are well-equipped for professional practice.

  • Higher Salary Potential: Earning the IIA-CIA-Part3-3P certification can lead to higher salaries, with certified professionals often earning up to 40% more than their non-certified peers.
  • Increased Job Opportunities: Certification is recognized globally and can open doors to a variety of auditing roles within multinational corporations, increasing employability.
  • Career Advancement: The credential is highly regarded in the field of internal auditing, positioning holders for promotions and leadership roles due to demonstrated expertise and commitment to the profession.
  • Exam Format: Multiple-choice questions
  • Number of Questions: 100 questions
  • Duration: 2 hours (120 minutes)
  • Educational Qualification: A candidate must possess at least an Associate's degree, or its educational equivalent, from an accredited college or university.
  • Professional Experience: For candidates with a Master’s degree, 12 months of internal audit experience or its equivalent is required. Those with a Bachelor’s degree need 24 months, while those with an Associate's degree require 60 months.
  • Character Reference: Must submit a character reference signed by a CIA, CGAP, CCSA, CFSA, CRMA, or the candidate's supervisor.
  • Proof of Identification: Must present a government-issued ID with photograph and signature to sit for the exam.

The cost for the IIA IIA-CIA-Part3-3P CIA Exam Part Three: Business Knowledge for Internal Auditing is:

  1. Members: $325
  2. Non-members: $495
  3. Students: $250

These prices include the exam registration fee but do not cover potential additional expenses such as study materials or fees for retaking the exam. It's important to check with The Institute of Internal Auditors (IIA) for the most current pricing and any updates on extra costs.

The IIA-CIA-Part3-3P CIA certification is valid for a period of three years following the successful completion of the exam. To maintain the certification, certified individuals must comply with the following requirements:

  1. Complete continuing professional education (CPE) hours: Certified individuals are required to complete a specific number of CPE hours within the three-year cycle.
  2. Submit CPE reporting forms annually: Certificants must report their CPE hours to The Institute of Internal Auditors (IIA) on an annual basis to demonstrate ongoing professional development.
  3. Pay certification maintenance fees: A maintenance fee is required to be paid annually to keep the certification active.

If these requirements are not met, the certification may lapse and would require reestablishment procedures.

IIA-CIA-Part3-3P Exam Preparation Guide

To effectively prepare for the IIA-CIA-Part3-3P CIA Exam Part Three, consider the following steps:

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  6. Persist and Revise: Consistency is key. Regularly revisit topics and practice questions to reinforce your understanding and retention.

To gain full knowledge and ensure success in your IIA-CIA-Part3-3P exam, investing in ExamTrack.com's resources is a wise decision. Their quality content is an invaluable tool in achieving certification.

IIA-CIA-Part3-3P Exam Study Time Recommendation

The time you should dedicate to studying for the IIA-CIA-Part3-3P exam depends on several factors. Here's a general guideline:

  • Assess your current level of knowledge and experience in internal auditing and business concepts.
  • Consider your study pace - whether you prefer intensive short-term study or spreading it out over a longer period.
  • For most candidates, a range of 60 to 100 hours is suggested, adjusting based on personal familiarity with the material.
  • Aim for a thorough understanding rather than just skimming through topics.
  • Personalize your study schedule to fit your learning style and life commitments for optimal results.

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After completing these steps, you should receive access to high-quality Dumps Questions Answers as well as PDF and Testing Engine materials for your preparation.

How to Get a Free Trial of IIA IIA-CIA-Part3-3P Exam Material

Accessing Free Trial for IIA IIA-CIA-Part3-3P Exam Material on ExamTrack

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IIA-CIA-Part3-3P Ratings & Reviews

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Success Stories: Benefits of Passing the IIA IIA-CIA-Part3-3P Exam

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Jan 2, 2025
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IIA-CIA-Part3-3P Overview

Aspect Details
Certification Name Certified Internal Auditor (CIA) Part 3
Exam Provider The Institute of Internal Auditors (IIA)
Exam Format Multiple Choice Questions (MCQs)
Number of Questions (Estimated) 100-125
Time Limit 120 minutes (2 hours)
Content Areas
  • Business Acumen (Understanding core business processes in finance, operations, and information technology, and their risk implications)
  • Information Security (Understanding information security concepts, controls, and frameworks)
  • Information Technology (Understanding IT infrastructure, governance, and controls relevant to internal auditing)
  • Financial Management (Understanding key financial concepts, analysis tools, and internal controls for financial reporting)
Passing Score Information not officially disclosed by The IIA (but likely around 70%)

IIA-CIA-Part3-3P Q&A's Detail

Exam Code:
IIA-CIA-Part3-3P
Certification Provider:
Total Questions:
488 Q&A's
Single Choice Questions:
486 Q&A's