What's the Difference Between IIA-CIA-Part1, IIA-CIA-Part2, IIA-CIA-Part3, and IIA-CIA-Part3-3P Exams?

The Certified Internal Auditor (CIA) designation is a globally recognized professional certification for internal auditors. It is awarded by The Institute of Internal Auditors (IIA), which is an international professional association of more than 200,000 members. The CIA certification is designed to help internal auditors demonstrate their knowledge, skills, and abilities to perform internal audit services effectively. The certification program consists of four parts, namely IIA-CIA-Part1, IIA-CIA-Part2, IIA-CIA-Part3, and IIA-CIA-Part3-3P exams. Below is a comprehensive comparison of the IIA-CIA-Part1, IIA-CIA-Part2, IIA-CIA-Part3, and IIA-CIA-Part3-3P exams:

The IIA-CIA-Part1 exam is the first part of the Certified Internal Auditor (CIA) certification process. It focuses on the essentials of internal auditing, covering topics such as the IIA standards, tools and techniques, business acumen, and information technology. The exam consists of 125 multiple-choice questions and must be completed within 2.5 hours. A passing score of 600-700 (on a scale of 250-700) is required to move on to the next parts of the CIA certification.

The IIA-CIA-Part2 exam is the second part of the CIA certification. It concentrates on internal audit practice and includes domains such as managing the internal audit function, managing individual engagements, fraud risks and controls, governance, and risk management. The exam comprises 100 multiple-choice questions and has a 2.5-hour time limit. Like Part1, a passing score of 600-700 is necessary to proceed to Part3.

The IIA-CIA-Part3 exam is the third part of the CIA certification process and focuses on governance, risk management, and business management skills. It assesses candidates' knowledge in areas such as strategic planning, risk management, organizational dynamics, and financial management. This exam consists of 100 multiple-choice questions and must be completed within 2.5 hours. To obtain the CIA certification, candidates must successfully pass Part1, Part2, and Part3.

The IIA-CIA-Part3-3P exam is an additional component introduced by the IIA, which is not a standalone exam but a bundled offering. It is designed for those who have passed the IIA-CIA-Part3 exam and wish to earn three specialty certifications. This bundled exam assesses candidates' knowledge of the same content as the IIA-CIA-Part3 but includes three additional sections that focus on specific areas of expertise: "Governance and Risk Management in the Public Sector," "Financial Services Industry," and "Global Business Environment." Each section has 100 multiple-choice questions, and the entire Part3-3P exam must be completed within 2.5 hours.

In summary, the IIA-CIA-Part1, IIA-CIA-Part2, IIA-CIA-Part3, and IIA-CIA-Part3-3P exams are crucial components of the Certified Internal Auditor (CIA) certification process. Each exam focuses on different aspects of internal auditing and contributes to building a well-rounded and knowledgeable internal audit professional. Candidates must successfully pass all required parts to earn the prestigious CIA designation, which demonstrates their competence and expertise in the field of internal auditing.