UniGeniusInternal Audit Part 3 Prep

Prepare for Part 3 with every answer explained.

The only interactive course with a tutor that finds your weak spots and fixes them.

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Full refund within 14 days, for any reason.

Try four questions

One from each section, at the exam's level. Pick an answer to see why it is best and why the others are not.

Question 1Planning, organizing, directing and monitoring the function: methodologies
During an advisory engagement on a new expense system at a software company, the project sponsor asks the senior auditor to approve each configuration change before it goes live. How should the auditor respond?
Question 2Developing and updating the risk-based internal audit plan
A large procurement fraud is discovered at a construction company, involving collusion between a buyer and two suppliers. What is the most appropriate effect on the internal audit plan?
Question 3The quality assurance and improvement program: internal and external assessments
An internal audit function's only quality activity is a review of a sample of engagements once a year. Engagements have no documented supervisory review. Which improvement is most needed?
Question 4Communicating engagement results and ratings
A final report at a shipping company sets out each finding and recommendation. What is the main reason for also including management's responses and planned actions?

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The 4 sections

Part 3 has 100 questions in 120 minutes, at a Pearson VUE test center. A scaled score of 600 or more on a 250 to 750 scale passes.

Internal Audit Operations

Running the function: methodologies, financial, human and technology resources, the internal audit strategy, and the chief audit executive's relationships with the board and senior management.

25% of the exam: 25 questions in each of our mocks

Internal Audit Plan

Sources of potential engagements, building and updating the risk-based internal audit plan, and coordinating with and relying on other assurance providers.

15% of the exam: 15 questions in each of our mocks

Quality of the Internal Audit Function

The quality assurance and improvement program, internal and external assessments, conformance and nonconformance, and performance measures for the function.

15% of the exam: 15 questions in each of our mocks

Engagement Results and Monitoring

Communicating engagement results and ratings, recommendations and action plans, the final report, residual risk, risk acceptance, monitoring and escalation.

45% of the exam: 45 questions in each of our mocks

In the course

  • 7 interactive lessons
  • 195 practice questions, every answer explained
  • 2 full 100-question mocks in 120 minutes

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Guides

Internal Audit Part 3 Prep Pro

US$349one payment

  • 7 interactive lessons
  • 195 practice questions with every option explained
  • 2 full 100-question practice exams in 120 minutes

Full refund within 14 days, for any reason. Terms

By paying you agree to our Terms. Email us within 14 days for a full refund.
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One payment. No sales tax is added. Access until October 31, 2027.

Questions? support@unigenius.co.uk