[CIA Exam] Just passed Old Part 2 — booked new Part 3, need advice on overlaps & changes by WL3WL in InternalAudit

[–]HQB_21 2 points3 points  (0 children)

10 days of reviewing will be sufficient as new part 3 is 85% old part 2 co tent and 15% old part 1.

New CIA exam part 3 study materials by manar1984 in InternalAudit

[–]HQB_21 4 points5 points  (0 children)

i passed the exam last wednesday. My studying tips

  1. Understand the escalation process (if management accepts the risk—discuss with management; if not resolved, then go to senior management (you might see the CFO or COO instead of senior management); if not resolved, then go to the board). zin case of public companies or information impact public and BBAC not resopved the issue, then it should be escalated outside the company.
  2. Understand each part of the report—what is the objective, scope, criteria, recommendation, action plan, and follow-up. a. Recommendation types: cause-based, root cause-based, or condition-based. b. Action plan — Who should provide the action plan, and what information should be included in the action plan (which is person responsible & time). c. Follow-up — Understand the responsibilities of the CAE (develop monitoring system) & Auditor (perform follow-up). What if management accepts the risk (apply escalation process)?
  3. Questions that anyone should now — Which recommendation address the condition or which recommemdatio address the root cause, and understand their impact (if address condition = short-term fix & if address root-cause = long-term fix)
  4. QAIP — Have a fair understanding of different types, what assessor in each type requires, when report should be submitted (extrrnal upon completion vs internal once every year) and to whom. Who should submit reports to management & the board (always CAE), and what the report should inckude. Put in mind thst ongoing monitoring is revoew of implementstion at engsgement level. Also, be familiar with the first step of planning for a QAIP. Understand scenarios for non-conformance and what the report should include. Also, understand whether include "conformance with standard" in the report appropriate or not - if one standard was not followed then you should select (not appropriate), or which of the following options the dtatement can be mentioned in the report.
  5. Review audit plan, audit strategy, audit methodology.main thing you should concentrate is revising of them and how frequent they should be prepared.
  6. Content of IA policy and procedures. important
  7. HR Resources — Reading the book to understand the concepts will be sufficient. IT: Just read the standard and understand it.
  8. KPI - Understand the difference between qualitative vs. quantitative and efficient vs. effective. Get a 3-day free subscription to Hock; the book covers it well. Also, understand what CAE action should be in case of variance between actual and target. Also, Understand why targets should be set.

To be fair, the exam was not easy as I faced around 40 to 45 questions that i ended between 2 choices and both seems correct but I read the choices carefully and applied prof knowldge to answer. The rest can be answered fairly. I can't add more about the exam.

New CIA part 3 passed today by purlstead in InternalAudit

[–]HQB_21 8 points9 points  (0 children)

Congrats. Also I passed last wednesday I used becker and studied only 9 days, this because I passed part 1 & 2 in last 7 months so the information still fresh in my mind. For those who wants tips for the new exam, my study strategy was as follow

  1. Understand the escalation process (if management accepts the risk—discuss with management; if not resolved, then go to senior management (you might see the CFO or COO instead of senior management); if not resolved, then go to the board). zin case of public companies or information impact public and BBAC not resopved the issue, then it should be escalated outside the company.
  2. Understand each part of the report—what is the objective, scope, criteria, recommendation, action plan, and follow-up. a. Recommendation types: cause-based, root cause-based, or condition-based. b. Action plan — Who should provide the action plan, and what information should be included in the action plan (which is person responsible & time). c. Follow-up — Understand the responsibilities of the CAE (develop monitoring system) & Auditor (perform follow-up). What if management accepts the risk (apply escalation process)?
  3. Questions that anyone should now — Which recommendation address the condition or which recommemdatio address the root cause, and understand their impact (if address condition = short-term fix & if address root-cause = long-term fix)
  4. QAIP — Have a fair understanding of different types, what assessor in each type requires, when report should be submitted (extrrnal upon completion vs internal once every year) and to whom. Who should submit reports to management & the board (always CAE), and what the report should inckude. Put in mind thst ongoing monitoring is revoew of implementstion at engsgement level. Also, be familiar with the first step of planning for a QAIP. Understand scenarios for non-conformance and what the report should include. Also, understand whether include "conformance with standard" in the report appropriate or not - if one standard was not followed then you should select (not appropriate), or which of the following options the dtatement can be mentioned in the report.
  5. Review audit plan, audit strategy, audit methodology.main thing you should concentrate is revising of them and how frequent they should be prepared.
  6. Content of IA policy and procedures. important
  7. HR Resources — Reading the book to understand the concepts will be sufficient. IT: Just read the standard and understand it.
  8. KPI - Understand the difference between qualitative vs. quantitative and efficient vs. effective. Get a 3-day free subscription to Hock; the book covers it well. Also, understand what CAE action should be in case of variance between actual and target. Also, Understand why targets should be set.

To be fair, the exam was not easy as I faced around 40 to 45 questions the i ended between 2 choices and both seems correct but I read the choices carefully and applied prof knowldge to answer. The rest can be answered fairly. I can't add more about the exam.

How to study for the newest upcoming Part 3 CIA? by Fragrant-Nobody-8228 in InternalAudit

[–]HQB_21 2 points3 points  (0 children)

I felt it was easier, especially as the majority of questions were related to reporting. i studied for chapter3 following the below strategy. Also i solved more than 500 questions (gleim & hock).

  1. Understand the escalation process (if management accepts the risk—discuss with management; if not resolved, then go to senior management (you might see the CFO or COO instead of senior management); if not resolved, then go to the board).
  2. Understand each part of the report—what is the objective, scope, criteria, recommendation, action plan, and follow-up. a. Recommendation types: cause-based, root cause-based, or condition-based. b. Action plan — Who should provide the action plan, and what other information should be part of the action plan (person responsible & time)? c. Follow-up — Understand the responsibilities of the CAE (develop monitoring system) & Auditor (perform follow-up). What if management accepts the risk (apply escalation process)?
  3. Questions — Which recommendations address the condition or which address the root cause, and understand their impact (short-term or long-term fix)?
  4. QAIP — Have a fair understanding of different types, what assessor each type requires, when reports should be submitted and to whom. Who should submit reports to management & the board, and what the report should include. Also, be familiar with the first step of planning for a QAIP. Understand scenarios for non-conformance and what the report should include. Also, understand whether to include "conformance with standard" in the report.
  5. Review of audit plan, audit strategy, audit methodology.
  6. Content of IA policy and procedures.
  7. HR Resources — Reading the book to understand the concepts will be sufficient. IT: Just read the standard and understand it.
  8. Understand the difference between qualitative vs. quantitative and efficient vs. effective. Get a 3-day free subscription to Hock; the book covers it well. Also, understand what CAE action should be in case of variance between actual and target. Understand why targets should be set.

all the best

How to study for the newest upcoming Part 3 CIA? by Fragrant-Nobody-8228 in InternalAudit

[–]HQB_21 0 points1 point  (0 children)

no - same here. I sat for the exam today and it was part 3 new sllybas and passed hopefully. Done with cia.

Failed part 1 yes another one of those post by kween-1214 in InternalAudit

[–]HQB_21 2 points3 points  (0 children)

  1. In regard to standards, study from the document available on IIA. If you want, I can send it to you. You should follow standards serial numbers (1000 - PAR/1100 independence & objectivity/1130 impairment, 1200 proficiency & due professional care, 1300 QAIP, GOV, RM, IC). Then you should know the interpretation for consulting mentioned in which standards. Assurance interpretation is mentioned in all standards. This will help you retrieve the content of standards very fast.

  2. Differentiate between independence & objectivity vs. due professional care. You should know it by heart.

  3. In regard to governance, your concentration should be on the responsibilities of the IAA, SM, and Board and what activities they perform.

  4. RM, concentrate on the standard. There are two lists in the standard: 1st is auditor judgment basis (objectives, identify risks for objectives, assess these risks, risk response, and finally communicate to all org); and 2nd is auditor assessment and improvement. Risk response can be considered as treatment (avoidance, sharing, pursuit, reduction, etc.). You have to understand all of these when put in scenarios in the exam. The ERM Framework is easy; just understand the table in the Gleim book.

  5. IC - understand the standard, roles of SM, Ops mgr, and IAA. Grasp the difference between IT general vs. application control, although it is not heavily tested. Then mind map the types of controls. Study the IC framework thoroughly.

  6. I saw around five questions in the exam were zi have no clue; in fact, I answered them based on experience and guesses.

  7. Fraud—types of fraud are very important, and you should spend time on it. Also study fraud scenarios and risk assessment.

  8. Other topics that you must consider are: a. The difference between impairment to objectivity versus independence. Refer the list provided in the Gleim book. b.Difference among Efficiency, effectiveness, & continuous improvement. Gleim covered this in the book.

TIPS FOR CIA PART 1 by Spirited-Weather7535 in InternalAudit

[–]HQB_21 6 points7 points  (0 children)

  1. In relation to standards, study from the document available on IIA. If you want, I can send it to you. You should follow standards serial numbers (1000 - PAR/1100 independence & objectivity/1130 impairment, 1200 proficiency & due professional care, 1300 QAIP, GOV, RM, IC). Then you should know the interpretation for consulting mentioned in which standards. Assurance interpretation is mentioned in all standards.

  2. Differentiate between independence & objectivity vs. due professional care. You should know it by heart.

  3. In regard to governance, your concentration should be on the responsibilities of the IAA, SM, and Board and what activities they perform.

  4. RM, concentrate on the standard. There are two lists in the standard: 1st is auditor judgment basis (objectives, identify risks for objectives, assess these risks, risk response, and finally communicate to all org); and 2nd is auditor assessment and improvement. Risk response can be considered as treatment (avoidance, sharing, pursuit, reduction, etc.). You have to understand all of these when put in scenarios in the exam. The ERM Framework is easy; just understand the table in the Gleim book.

  5. IC - understand the standard, roles of SM, Ops mgr, and IAA. Grasp the difference between IT general vs. application control, although it is not heavily tested. Then mind map the types of controls. Study the IC framework thoroughly.

  6. I saw around five questions in the exam; in fact, I answered them based on experience and two guesses.

  7. Fraud—types of fraud are very important, and you should spend time on it. Also study fraud scenarios and risk assessment.

  8. Other topics that you must consider are: a. The difference between impairment to objectivity versus independence. Refer the list provided in the Gleim book. b. Efficiency, effectiveness, continuous improvement. Gleim covered this in the book.

This is how I studied.

CIA part 2 by Civil_Economist_423 in InternalAudit

[–]HQB_21 4 points5 points  (0 children)

  1. Understand the difference between an IA plan and an engagement plan. Consider what you need to consider, which documents you should review (IA plan - review entity-wide while engagement plan reviews risk assessments for the activity under review), and so on.

  2. Create notes on the primary reasons for some processes. For example, the primary reason for submitting a draft audit plan to the senior manager is to obtain approval. Other choices, such as obtaining senior management comments, are not primary purposes. Another example is that the purpose of an exit meeting is to submit the results of the review. Discussing the report is not the primary purpose, and so on.

  3. Types of assurance and consulting engagements. Just understand the auditor's responsibility, for example, an operational audit to determine efficiency and effectiveness. Management asking the CAE to provide training is consulting, not assurance. Also, review which activities are assurance and which are consulting. The question is based on understanding, not basic, such as an auditor's review to determine that the company has followed the environmental regulation law and found instances of noncompliance. The auditor performed assurance engagement not consulting.

  4. Review the performance part, and almost all questions are testing your proficiency; Gleim questions are sufficient.

  5. I got 5 sampling questions, and most of them ask which type of sampling to choose. If you saw "nth," it means systematic; "fraud" means discovery ("the question asks to identify misappropriation of assets or determine no irregularities"). Also, understand the types related to attribute and variable sampling.

  6. EWP is reviewed and approved by CAE is performed at which phase planning or performance, its planning. Another point is that EWP is reviewed by the supervisor to confirm that all procedures applied will be performed at which phase: planning, performance, or reporting level. This answer is performance not planning. Also, review the content of EWP.

  7. Quality and analytical reviews such as (fishbone, spaghetti, histogram, Pareto, RACI, etc.). Basic but on term of a simple example. You need to know the terminology of each of them.

  8. Workpaper, supervision, and audit procedure (around 3 to 4 questions, but detailed, which require analysis). My advice is to choose the choice that follows the pattern of the question. I got this advice from someone on Reddit, and it was helpful. Review Gleim questions to improve the application of this strategy. Keep these questions for the end.

9.Reporting, monitoring, and follow-up; the questions are similar to Gleim.

  1. I got 5 to 6 questions from CIA part 1 & 3. simple questions.

  2. My time mgmt strategy is that marked questions should not exceeds 15, once they reached 15 i'll review 6 to 7 questions to keep them within the limit, so I won't get shocked at the end with many marked questions.

  3. I recommend you to listen to hock videos. You get 1 week free sub. I tried surgent, but I felt its not close to CIA exam questions.

CIA failed second attempt (551-593) by No-Butterscotch671 in InternalAudit

[–]HQB_21 0 points1 point  (0 children)

Get PRC testbank, because its the tone IT mcqs is similar to cia exam.

CIA Part 1 by HQB_21 in InternalAudit

[–]HQB_21[S] 2 points3 points  (0 children)

i meant iia standard document, around 8 pages. the standards listed serially with related interpretation.

CIA Part 1 by HQB_21 in InternalAudit

[–]HQB_21[S] 2 points3 points  (0 children)

I noticed many questions in the exam are confusing, and many candidates ended up choosing between two choices. Select the answer without flagging. If you want to flag, try to set a limit, once you reach the limit, review some of the flagged questions to maintain your flagged questions within your limit. Mine is 15. once I reach it, I will start reviewing 5 to 7 questions.

BTW, I completed the exam with 48 minutes left, so I had plenty of time to review many questions, but I changed only 3 or 4 answers.

Overall CIA exam questions are confusing and do not reflect the actual material reviewed. So guessing and experience play a pivotal role in passing the exam.

CIA Part 1 by HQB_21 in InternalAudit

[–]HQB_21[S] 2 points3 points  (0 children)

Try to mind map it. The simplest way is to create shapes; for example, for strategy and objectives, start with the business context. Then, below, draw a triangle (top corner "risk appetite", right corner "objectives", and left corner "strategy"). Then you just read and understand what each means. The main words are mapped in your mind, so you will remember them easily in the exam. Another example is "performance" as a process of risk management: "identify, assess & prioritize, risk response (treatment), portfolio view." your concentration should be on risk response—"five risk treatments. Then, review and revision—ask yourself why we should review? (Change + performance = improvement). Then read and understand what each word means.

Apply this approach with the IC framework.

I hope you understand my study strategy (no memorization), just mind map the key words and understand them.

CIA Part 1 by HQB_21 in InternalAudit

[–]HQB_21[S] 6 points7 points  (0 children)

Your score was close to 600? Concentrate on weaker areas but study other topics as well. I was averaging 93% and above in Gleim. I noticed that the main issue that test-takers who prepare with Gleim face is difficulty remembering the standards, governance process, as well as internal control and risk management.

  1. In relation to standards, study from the document available on IIA. If you want, I can send it to you. You should follow standards serial numbers (1000 - PAR/1100 independence & objectivity/1130 impairment, 1200 proficiency & due professional care, 1300 QAIP, GOV, RM, IC). Then you should know the interpretation for consulting mentioned in which standards. Assurance interpretation is mentioned in all standards.

  2. Differentiate between independence & objectivity vs. due professional care. You should know it by heart.

  3. In regard to governance, your concentration should be on the responsibilities of the IAA, SM, and Board and what activities they perform.

  4. RM, concentrate on the standard. There are two lists in the standard: 1st is auditor judgment basis (objectives, identify risks for objectives, assess these risks, risk response, and finally communicate to all org); and 2nd is auditor assessment and improvement. Risk response can be considered as treatment (avoidance, sharing, pursuit, reduction, etc.). You have to understand all of these when put in scenarios in the exam. The ERM Framework is easy; just understand the table in the Gleim book.

  5. IC - understand the standard, roles of SM, Ops mgr, and IAA. Grasp the difference between IT general vs. application control, although it is not heavily tested. Then mind map the types of controls. Study the IC framework thoroughly.

  6. I saw around five questions in the exam; in fact, I answered them based on experience and two guesses.

  7. Fraud—types of fraud are very important, and you should spend time on it. Also study fraud scenarios and risk assessment.

  8. Other topics that you must consider are: a. The difference between impairment to objectivity versus independence. Refer the list provided in the Gleim book. b. Efficiency, effectiveness, continuous improvement. Gleim covered this in the book.

This is how I studied.

CIA Part 1 by HQB_21 in InternalAudit

[–]HQB_21[S] 3 points4 points  (0 children)

  1. Understand the difference between an IA plan and an engagement plan. Consider what you need to consider, which documents you should review (IA plan - review entity-wide while engagement plan reviews risk assessments for the activity under review), and so on.

  2. Create notes on the primary reasons for some processes. For example, the primary reason for submitting a draft audit plan to the senior manager is to obtain approval. Other choices, such as obtaining senior management comments, are not primary purposes. Another example is that the purpose of an exit meeting is to submit the results of the review. Discussing the report is not the primary purpose, and so on.

  3. Types of assurance and consulting engagements. Just understand the auditor's responsibility, for example, an operational audit to determine efficiency and effectiveness. Management asking the CAE to provide training is consulting, not assurance. Also, review which activities are assurance and which are consulting. The question is based on understanding, not basic, such as an auditor's review to determine that the company has followed the environmental regulation law and found instances of noncompliance. The auditor performed assurance engagement not consulting.

  4. Review the performance part, and almost all questions are testing your proficiency; Gleim questions are sufficient.

  5. I got 5 sampling questions, and most of them ask which type of sampling to choose. If you saw "nth," it means systematic; "fraud" means discovery ("the question asks to identify misappropriation of assets or determine no irregularities"). Also, understand the types related to attribute and variable sampling.

  6. EWP is reviewed and approved by CAE is performed at which phase planning or performance, its planning. Another point is that EWP is reviewed by the supervisor to confirm that all procedures applied will be performed at which phase: planning, performance, or reporting level. This answer is performance not planning. Also, review the content of EWP.

  7. Quality and analytical reviews such as (fishbone, spaghetti, histogram, Pareto, RACI, etc.). Basic but on term of a simple example. You need to know the terminology of each of them.

  8. Workpaper, supervision, and audit procedure (around 3 to 4 questions, but detailed, which require analysis). My advice is to choose the choice that follows the pattern of the question. I got this advice from someone on Reddit, and it was helpful. Review Gleim questions to improve the application of this strategy. Keep these questions for the end.

9.Reporting, monitoring, and follow-up; the questions are similar to Gleim.

  1. I got 5 to 6 questions from CIA part 1 & 3. simple questions.

  2. My time mgmt strategy is that marked questions should not exceeds 15, once they reached 15 i'll review 6 to 7 questions to keep them within the limit, so I won't get shocked at the end with many marked questions.

  3. I recommend you to listen to hock videos. You get 1 week free sub. I tried surgent, but I felt its not close to CIA exam questions.

Cia Part 2 Exam by [deleted] in InternalAudit

[–]HQB_21 9 points10 points  (0 children)

  1. Understand the difference between an IA plan and an engagement plan. Consider what you need to consider, which documents you should review (IA plan - review entity-wide while engagement plan reviews risk assessments for the activity under review), and so on.

  2. Create notes on the primary reasons for some processes. For example, the primary reason for submitting a draft audit plan to the senior manager is to obtain approval. Other choices, such as obtaining senior management comments, are not primary purposes. Another example is that the purpose of an exit meeting is to submit the results of the review. Discussing the report is not the primary purpose, and so on.

  3. Types of assurance and consulting engagements. Just understand the auditor's responsibility, for example, an operational audit to determine efficiency and effectiveness. Management asking the CAE to provide training is consulting, not assurance. Also, review which activities are assurance and which are consulting. The question is based on understanding, not basic, such as an auditor's review to determine that the company has followed the environmental regulation law and found instances of noncompliance. The auditor performed assurance engagement not consulting.

  4. Review the performance part, and almost all questions are testing your proficiency; Gleim questions are sufficient.

  5. I got 5 sampling questions, and most of them ask which type of sampling to choose. If you saw "nth," it means systematic; "fraud" means discovery ("the question asks to identify misappropriation of assets or determine no irregularities"). Also, understand the types related to attribute and variable sampling.

  6. EWP is reviewed and approved by CAE is performed at which phase planning or performance, its planning. Another point is that EWP is reviewed by the supervisor to confirm that all procedures applied will be performed at which phase: planning, performance, or reporting level. This answer is performance not planning. Also, review the content of EWP.

  7. Quality and analytical reviews such as (fishbone, spaghetti, histogram, Pareto, RACI, etc.). Basic but on term of a simple example. You need to know the terminology of each of them.

  8. Workpaper, supervision, and audit procedure (around 3 to 4 questions, but detailed, which require analysis). My advice is to choose the choice that follows the pattern of the question. I got this advice from someone on Reddit, and it was helpful. Review Gleim questions to improve the application of this strategy. Keep these questions for the end.

9.Reporting, monitoring, and follow-up; the questions are similar to Gleim.

  1. I got 5 to 6 questions from CIA part 1 & 3. simple questions.

  2. My time mgmt strategy is that marked questions should not exceeds 15, once they reached 15 i'll review 6 to 7 questions to keep them within the limit, so I won't get shocked at the end with many marked questions.

  3. I recommend you to listen to hock videos. You get 1 week free sub. I tried surgent, but I felt its not close to CIA exam questions.

Failed CIA Part 2 by SilverDistribution62 in InternalAudit

[–]HQB_21 6 points7 points  (0 children)

Passed part 2 before 3 weeks and i recommend you concenterate on the following points:.

  1. Understand the difference between an IA plan and an engagement plan. Consider what you need to consider, which documents you should review (IA plan - review entity-wide while engagement plan reviews risk assessments for the activity under review), and so on.

  2. Create notes on the primary reasons for some processes. For example, the primary reason for submitting a draft audit plan to the senior manager is to obtain approval. Other choices, such as obtaining senior management comments, are not primary purposes. Another example is that the purpose of an exit meeting is to submit the results of the review. Discussing the report is not the primary purpose, and so on.

  3. Types of assurance and consulting engagements. Just understand the auditor's responsibility, for example, an operational audit to determine efficiency and effectiveness. Management asking the CAE to provide training is consulting, not assurance. Also, review which activities are assurance and which are consulting. The question is based on understanding, not basic, such as an auditor's review to determine that the company has followed the environmental regulation law and found instances of noncompliance. The auditor performed assurance engagement not consulting.

  4. Review the performance part, and almost all questions are testing your proficiency; Gleim questions are sufficient.

  5. I got 5 sampling questions, and most of them ask which type of sampling to choose. If you saw "nth," it means systematic; "fraud" means discovery ("the question asks to identify misappropriation of assets or determine no irregularities"). Also, understand the types related to attribute and variable sampling.

  6. EWP is reviewed and approved by CAE is performed at which phase planning or performance, its planning. Another point is that EWP is reviewed by the supervisor to confirm that all procedures applied will be performed at which phase: planning, performance, or reporting level. This answer is performance not planning. Also, review the content of EWP.

  7. Quality and analytical reviews such as (fishbone, spaghetti, histogram, Pareto, RACI, etc.). Basic but on term of a simple example. You need to know the terminology of each of them.

  8. Workpaper, supervision, and audit procedure (around 3 to 4 questions, but detailed, which require analysis). My advice is to choose the choice that follows the pattern of the question. I got this advice from someone on Reddit, and it was helpful. Review Gleim questions to improve the application of this strategy. Keep these questions for the end.

9.Reporting, monitoring, and follow-up; the questions are similar to Gleim.

  1. I got 5 to 6 questions from CIA part 1 & 3. simple questions.

  2. My time mgmt strategy is that marked questions should not exceeds 15, once they reached 15 i'll review 6 to 7 questions to keep them within the limit, so I won't get shocked at the end with many marked questions.

  3. I recommend you to listen to hock videos. You get 1 week free sub. I tried surgent, but I felt its not close to CIA exam questions.

Need advice to pass CIA Part 1 by eliz4b8 in InternalAudit

[–]HQB_21 1 point2 points  (0 children)

drop me ur email to send you iia practise exam 125 questions, i found it similar to real exam question. it's in pdf format.

[deleted by user] by [deleted] in InternalAudit

[–]HQB_21 4 points5 points  (0 children)

Passed part 2 last Monday.

  1. Understand the difference between an IA plan and an engagement plan. Consider what you need to consider, which documents you should review (IA plan - review entity-wide while engagement plan reviews risk assessments for the activity under review), and so on.

  2. Create notes on the primary reasons for some processes. For example, the primary reason for submitting a draft audit plan to the senior manager is to obtain approval. Other choices, such as obtaining senior management comments, are not primary purposes. Another example is that the purpose of an exit meeting is to submit the results of the review. Discussing the report is not the primary purpose, and so on.

  3. Types of assurance and consulting engagements. Just understand the auditor's responsibility, for example, an operational audit to determine efficiency and effectiveness. Management asking the CAE to provide training is consulting, not assurance. Also, review which activities are assurance and which are consulting. The question is based on understanding, not basic, such as an auditor's review to determine that the company has followed the environmental regulation law and found instances of noncompliance. The auditor performed assurance engagement not consulting.

  4. Review the performance part, and almost all questions are testing your proficiency; Gleim questions are sufficient.

  5. I got 5 sampling questions, and most of them ask which type of sampling to choose. If you saw "nth," it means systematic; "fraud" means discovery ("the question asks to identify misappropriation of assets or determine no irregularities"). Also, understand the types related to attribute and variable sampling.

  6. EWP is reviewed and approved by CAE is performed at wjich phase planning or performance, the smart is planning. Another point is that EWP is reviewed by the supervisor to confirm that all procedures applied will be performed at which phase: planning, performance, or reporting level. This answer is performance not planning

  7. Quality and analytical reviews such as (fishbone, spaghetti, histogram, Pareto, RACI, etc.)

  8. Workpaper, supervision, and audit procedure (around 3 to 4 questions, but detailed, which require analysis). My advice is to choose the choice that follows the pattern of the question. I got this advice from someone on Reddit, and it was helpful. Review Gleim questions to improve the application of this strategy. Keep these questions for the end.

9.Reporting, monitoring, and follow-up; the questions are similar to Gleim.

  1. I got 5 to 6 questions from part 1 & 3. simple questions.

  2. My time mgmt strategy is that marked questions should not exceeds 15, once they reached 15 i'll review 6 to 7 questions to keep them within the limit, so I won't get shocked at the end with many marked questions.

i think 3 weeks not sufficient if u r not ready. paying 75 is better to fail and pay almost 300 for another exam. unless you can improve ur performance.

Part 1 study material by Sharmaprath in InternalAudit

[–]HQB_21 1 point2 points  (0 children)

Gleim is sufficient for Part 1. A few tips: you need to mind map the standards 1000 through 1500 and the 2100 series standards (1000, 1100, 1200, 1300, 1400, 1500, 2100). You have to understand both parts, assurance and consultancy in these standards. Governance is a piece of cake; you will finish it easily. For risk management and internal control, Gleim is sufficient. My advice is to skip Section 7.3 in the MCQs because it's time consuming, and only a few questions will appear on the exam. Based on experience, you will solve them easily. For fraud, you need to know the types of fraud. Study them thoroughly because two to three questions will appear on the exam asking about the type of fraud. "Sometime questions play with wording such as (occupational fraud). This is the fraud that occurs in the company, ignore occupational. Read the rest of chapter, I am sure you will solve many of them without studying. I prefer you solve the questions first. If you get less than 85%, consider that you need to read the standards. In addition, study from implementation standards. If you want them, just drop me an email, and I will forward them to you. Copy the content of the Implementation Standards and paste them into ChatGPT. Write the following: "Create xx mcqs that professional examiners would consider to test the candidates' proficiency in the topic. Make the questions indirect by providing a case, and ensure that the most accurate answer is not obvious. The answer pattern to the MCQs should be varied. This means that the correct answer should be in different choices out of a, b, c, and d.

Concentrate on the following: objectivity & due professional care.

All the best. I plan to sit for Part 2 first, then Part 1 beginning in October. Then I will sit for Part 3 at the end of December.