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Exam Number : IIA-ACCA
Exam Name : ACCA CIA Challenge
Vendor Name : IIA
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IIA-ACCA exam Format | IIA-ACCA Course Contents | IIA-ACCA Course Outline | IIA-ACCA exam Syllabus | IIA-ACCA exam Objectives

Exam Detail:
The IIA-ACCA ACCA CIA Challenge exam is designed for individuals who hold the Association of Chartered Certified Accountants (ACCA) qualification and want to earn the Certified Internal Auditor (CIA) certification offered by the Institute of Internal Auditors (IIA). The exam recognizes the prior knowledge and expertise of ACCA professionals in the field of internal auditing. Here are the exam details for the IIA-ACCA ACCA CIA Challenge:

- Number of Questions: The exam typically consists of multiple-choice questions. The exact number of questions may vary, but typically, the exam includes around 100 to 125 questions.

- Time Limit: The time allocated to complete the exam is 2.5 hours.

Course Outline:
The IIA-ACCA ACCA CIA Challenge exam covers the following topics:

1. Internal Audit Basics:
- Introduction to internal auditing and its role in organizations.
- Understanding the International Standards for the Professional Practice of Internal Auditing (Standards).

2. Internal Control and Risk Management:
- Understanding internal control concepts and frameworks.
- Assessing and managing risks within an organization.

3. Conducting Internal Audit Engagements:
- Planning and executing internal audit engagements.
- Performing audit fieldwork and documenting audit evidence.

4. Fraud Risks and Controls:
- Identifying and assessing fraud risks in an organization.
- Implementing fraud prevention, detection, and investigation measures.

5. Governance, Business Ethics, and Compliance:
- Understanding corporate governance principles and frameworks.
- Promoting business ethics and ensuring compliance with laws and regulations.

Exam Objectives:
The objectives of the IIA-ACCA ACCA CIA Challenge exam are as follows:

- Assessing candidates' knowledge and understanding of internal auditing principles and practices.
- Evaluating candidates' ability to apply internal audit concepts to real-world scenarios.
- Testing candidates' comprehension of internal control, risk management, and fraud prevention principles.
- Assessing candidates' understanding of corporate governance, ethics, and compliance requirements.

Exam Syllabus:
The specific exam syllabus for the IIA-ACCA ACCA CIA Challenge covers the following topics:

1. Mandatory Guidance for the CIA Exam
2. Internal Control and Risk
3. Conducting Internal Audit Engagements
4. Business Analysis and Information Technology
5. Fraud Risks and Controls
6. Governance, Business Ethics, and Compliance

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IIA Dumps


IIA approves revised world interior audit necessities | Killexams.com Resources

The overseas inner Audit standards Board voted to approve a collection of new international inner Audit standards that are anticipated to be released in January.

The remaining requirements from the Institute of internal Auditors are scheduled to be released in English on Jan. 9, 2024, with translations into different languages to observe within the months ahead. An stronger e-booklet will deliver enriched user options and a print edition is in development as neatly. The necessities are scheduled to take impact in January 2025, 12 months after their free up.

The approval of the closing requirements follows on the heels of a six-month overview of the outcomes of a public comment technique and a subsequent revision of the exposed draft requisites. The IIASB said Wednesday it analyzed and thought of virtually 19,000 particular comments from 1,600 completed surveys, plus feedback acquired through letters from and meetings with stakeholders. The IIA and IIASB plan to liberate a disposition record subsequent month, summarizing the courses of remarks and the IIASB's selections as reflected in the ultimate version.

On true of the last requisites and disposition document, the IIA will deliver practitioners with a doc mapping the 2017 foreign specifications for the skilled observe of interior Auditing and the 2024 international interior Audit specifications.

The IIA additionally plans to host a webinar on Jan. 24, 2024 to assist inside audit practitioners and stakeholders become popular with the brand new requirements and their have an effect on on the interior audit occupation. Attendees will hear from IIASB representatives about the structure and content of the last specifications and study about the basic alterations. The same webinar can be broadcast 3 times, with a are living brain dumpsmp;A session at the conclusion of every, to accommodate attendees in quite a lot of time zones globally.

Richard Chambers, former president and CEO of the Institute of inner Auditors and at present a senior internal audit advisor at AuditBoard, discussed the new international inside Audit requirements lately with Accounting today. "it truly is going to impact the key priorities for interior audit next yr," he observed. "across the first of January, you might be going to have a 12 months to get compliant, so anything the new requirements are in these standards, this is going to be on the inner auditor's shoulders, along with all of these other compliance requirements popping out of regulatory and legislative this yr. I feel 2024 is constructing to be the year of compliance chance."

The unencumber of the brand new standards represents a milestone within the IPPF Evolution, a undertaking that kicked off in 2020 with the goal of expanding the relevance and responsiveness of the IIA's overseas knowledgeable Practices Framework to present challenges in the career. The IPPF Evolution continues subsequent yr with the development of topical necessities, which need to be applied when weighing certain audit courses or engagements particular within an organization's audit plan. up to date IIA products and functions — including the first-rate evaluation manual and external fine exams, teacher-led and on-demand training periods, and certifications — are scheduled to be released from 2024 through 2026. seek advice from https://www.theiia.org/en/requirements/ippf-evolution/ for extra tips.

Editor-in-chief, AccountingToday.com

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