CIA Part 3 · Internal Audit Plan · Free Lesson

Recognize the importance of coordinating with other assurance providers and leveraging their work

Free IIA CIA Part 3 (Internal Audit Function) lesson in Internal Audit Plan. 14 min read, ~2,031 words.

Three separate teams tested the same vendor-onboarding control last quarter: external audit, compliance, and internal audit. The business unit answered the same 40 questions three times, and one high-risk cloud migration went untested by anyone. That is an assurance coordination failure, and it is a planning defect.

The internal audit plan must reflect what other providers already cover. Without coordination you get two failure modes: duplication, which burns hours and irritates the business, and gaps, where every provider assumes someone else has the area. The chief audit executive (CAE) coordinates with other providers and considers relying on their work so the plan gives the board a picture of total assurance coverage, not just internal audit's slice.

KEY: Coordination changes the plan's shape. Where another provider's work is adequate, internal audit narrows scope or reduces testing. Where nothing is covered, internal audit adds the area. The board sees combined coverage, with gaps named.

Sort providers by whether they sit inside or outside the organization. The Three Lines Model gives you the map: management owns and controls risk in the first and second lines...

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Bottom line

Exam shortcut

Run the reliance stem through three gates in order: competence, objectivity, work quality. Most stems fail at gate two or three, and the failure is planted in one clause. Watch for "reports to the process owner" (objectivity), "materiality" or "financial statement scope" (scope adequacy), and any date more than a few months before your engagement (currency).

The full lesson (about 2,031 words, 14 min read) adds 2 worked examples, all 6 common mistakes, a self-check, free in the app.

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