Question 1Financial, human and technology resources of the function
A newly appointed chief audit executive drafts a budget that covers staff salaries and benefits only. Which addition would most improve its completeness?
The Part 3 passing score
Your raw score is converted to a scale of 250 to 750, and 600 or higher passes. A pass report shows only that you passed; a fail report gives your score and the areas to improve.
| Questions | 100, multiple choice |
|---|---|
| Time | 120 minutes (2 hours) |
| Where | Pearson VUE test centers |
| Passing score | 600 on a 250 to 750 scale |
How scoring works
- Raw scores are converted to a scaled score from 250 to 750.
- 600 or higher is a pass.
- A pass report shows only that you passed, with no number.
- A fail report shows your numeric score and the syllabus areas where you need to improve.
If you do not pass
- You can retake a part 30 days after your most recent attempt.
- The handbook allows at most eight attempts at each part.
- All three parts must be passed within three years of acceptance into the program.
What 600 means for your preparation
The scaled score is not a percentage, and no percentage of questions right is published as the pass line. The practical aim is to be comfortably strong in every section, because a weak section costs marks that the others must make up.
Try 4 questions
Question 2Sources of potential engagements
A bank's audit universe has 280 units, but the internal audit function has the resources for about 45 engagements a year. A board member suggests cutting the universe down to the units that can be audited. What is the best response?
Question 3The quality assurance and improvement program: internal and external assessments
Once a year, a senior auditor at a university who did not work on the engagements selects a sample of completed engagements and checks them against the methodology and the Standards, reporting the results to the chief audit executive. This activity is best described as:
Question 4Closing communications and the final engagement report
A week after issuing a report on a university's research equipment, the team realizes that a significant finding on missing high-value items was left out of the final version by mistake. How should this be handled?
Next step
Questions people ask
What percentage do I need to pass Part 3?
No percentage is published. Raw scores are converted to a 250 to 750 scale, and 600 or higher passes.
When do I get my result?
The CIA page says results arrive within three weeks of the exam.
How soon can I retake Part 3?
30 days after your most recent attempt, and at most eight attempts at each part, per the candidate handbook.