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IIA IIA-ACCA Practice Q&A's

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IIA-ACCA CIA Challenge Certification Exam is designed to test candidates on their knowledge of internal audit principles and practices, as well as their ability to apply that knowledge in real-world scenarios. IIA-ACCA exam covers a wide range of topics, including governance, risk management, internal control, and audit planning and execution. To prepare for IIA-ACCA exam, candidates must have a strong foundation in internal audit principles and practices, as well as experience working in the field.

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IIA-ACCA: ACCA CIA Challenge Exam is a unique certification program offered by the Institute of Internal Auditors (IIA). It is designed to help internal auditors enhance their skills and knowledge in the field of internal auditing. ACCA CIA Challenge Exam certification program is specially designed for those who have already completed the Association of Chartered Certified Accountants (ACCA) qualification and want to advance their career in internal auditing.

Reference: https://global.theiia.org/certification/Public%20Documents/CIA-Challenge-Exam-FAQs.pdf

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IIA IIA-ACCA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Essentials of Internal Auditing30%- Independence and Objectivity
  • 1. Objectivity and Impairments
    • 2. Organizational Independence
      - Foundations of Internal Auditing
      • 1. Assurance vs Consulting Services
        • 2. IIA Code of Ethics
          • 3. Definition, Mission, and Core Principles of Internal Auditing
            • 4. Internal Audit Charter and Purpose
              - Proficiency and Due Professional Care
              • 1. Application of Due Care
                • 2. Required Knowledge and Skills
                  - Governance, Risk Management, and Control
                  • 1. Risk Management Framework
                    • 2. Governance Concepts
                      • 3. Internal Control Principles
                        - Fraud Risks
                        • 1. Types and Indicators of Fraud
                          • 2. Detection and Prevention
                            • 3. Forensic Auditing Basics
                              Topic 2: Business Knowledge for Internal Auditing30%- Data Analytics
                              • 1. Analytics Concepts and Process
                                • 2. Application in Internal Auditing
                                  - Financial and Business Knowledge
                                  • 1. Business Processes and Management
                                    • 2. Financial Accounting and Analysis
                                      - Information Security and Technology
                                      • 1. Security Controls and Risk
                                        • 2. System Development and Software
                                          • 3. IT Infrastructure and Frameworks
                                            Topic 3: Practice of Internal Auditing40%- Analysis and Evaluation
                                            • 1. Evidence Assessment and Documentation
                                              • 2. Audit Tools and Data Analysis
                                                - Communication and Reporting
                                                • 1. Reporting Standards and Structure
                                                  • 2. Exit Conference and Follow-up
                                                    - Monitoring Progress
                                                    • 1. Follow-up on Corrective Actions
                                                      • 2. Assessing Residual Risk
                                                        - Engagement Planning
                                                        • 1. Objectives, Scope, and Risk Assessment
                                                          • 2. Work Program and Resource Allocation
                                                            - Information Gathering
                                                            • 1. Audit Evidence Collection
                                                              • 2. Sampling and Analytical Techniques
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