Whether you have passed Part 1 of the CIA exam or want to take Part 2 first, you can find details on the syllabus, exam format and difficulty as perceived by my readers below.
CIA Exam Part 2 Syllabus
1. Managing the Internal Audit Function (40-50%)
- Strategic role of Internal Audit: what IA adds value in the organization.
- Operational role of IA: formulate policies and procedures, admin activities, reporting on risk and internal control frameworks, maintain effective Quality Assurance Improvement Program.
- Establish risk-based IA Plan including types of engagements.
2. Managing Individual Engagements (40-50%)
- Plan engagements: establish objectives, plan and identify key risks and controls, complete detailed risk assessment, determine engagement procedures, work program and staff required.
- Supervise Engagement: direct and supervise individual engagement, nurture instrumental relations, coordinate work assignments, review work papers, conduct exit conference, complete performance appraisals.
- Communicate engagement results: initiate preliminary communication, develop recommendations; prepare, approve, distribute and obtain management response of the engagement report.
- Monitor engagement outcomes: identify methods for monitoring, conduct follow-up, and report significant audit issues to senior management.
3. Fraud Risks and Controls (5-15%)
- Identify potential for fraud risks.
- Determine if consideration or investigation is required.
- Complete a process review to improve controls.
- Employ audit tests to detect fraud.
- Interrogation/investigative techniques.
- Forensic auditing.
CIA Exam Part 2 is shorter than Part 1 with 100 questions. Because of this, the duration is reduced from 2.5 hours to 2 hours. The average time per question remains the same as 1.2 minutes. There are only multiple-choice questions in the exam.
CIA Exam Part 2 Difficulty
Based on my readers’ comments, Part 2 is similar to that of Part 1 in that experience internal auditors shouldn’t have problem passing this section.
If you take the exam sequentially, you will happily find QAIP, Risk, and Fraud again in Part 2.
In my opinion, the syllabus is slightly more advanced than Part 1, but once you are well prepared, the questions themselves are more straight-forward in the actual exam. I’ve got more and more candidates reporting this trend since 2016.
Having said that, it does not mean you can just walk in and ace the exam. It is crucial to read through the concepts at least once and work through the practice questions.
Here is the Summary in Video Format
For Your Further Reading
- Part 1 of CIA Exam
- Part 3 of CIA Exam
- My exam prep tips
- Frequently asked questions on this exam in general
Join us for tips on how to plan, prepare and
Pass the CIA Exam on your first attempt!