Overview

This preparatory course covers the three parts of the exam: Part 1 covers internal auditing fundamentals, Part 2 covers internal auditing practice, and Part 3 covers internal auditing knowledge.

It aims to prepare candidates for the Certified Internal Auditor (CIA) certification to pass the Part 1 exams. It covers all the applications required by the Institute of Internal Auditors (IIA) for its exams. Participants use case studies, group assessments, and sample exam questions to help prepare for the exam.

The CIA exam is the only globally accepted exam for internal auditors and the standard by which individuals demonstrate their capabilities and professionalism in internal auditing. It is based on the International Standards for the Professional Practice of Internal Auditing (IPSA) and the mandatory guidance standards under the International Professional Practices Framework (IPPF).

Objectives

By the end of the course, participants will be able to:

Know how to apply practices and skills to achieve successful performance during internal auditing

Understand the International Professional Practices Framework (IPPF)

Understand the CIA's critical role in the performance of internal audits in all organizations and pass the exam

Assist the management of audited organizations to enable successful internal auditing

Understand how to use technology to support internal auditors

Understand the IIA's work ethics and its elements at the CIA competency level

Define the three parts of the exam

Target Audience

Accounting Managers

CFOs

Financial Controllers

Chief Financial Officers

Executive Directors

Anyone involved in the administrative and accounting fields

Internal and external auditors who wish to provide a modern and professional internal audit service

Anyone who finds themselves in need of this course and wishes to develop their skills and experience

Content

CIA Exam and Internal Audit Practitioner:

CIA Structure

Applying for the Exam

Internal Auditing Fundamentals

Mandatory Guidance, including several subtopics

Definition of Auditing Internal

Principles and Code of Ethics of the Institute of Internal Auditors

International Standards on Internal Auditing

Internal Control and Risk:

Internal Control

Methods of Achieving Control

Different Internal Control Models

Concepts and Vocabulary of Risk

Fraud Risk

Procedures for Internal Audit Engagements:

Data Collection

Identification of Significant Risks and Controls

Surveying Techniques

Data Communicating

Documentation and Working Papers

Process Maps

Hierarchy of Reliability and Persuasiveness of Audit Evidence

 Conducting Internal Audits (Audit Tools and Techniques):

Practicing Internal Auditing

Managing the Internal Audit Function

Managing Individual Engagements

Fraud Risk and Controls

: Elements of Internal Audit Knowledge

Governance and Business Ethics

Risk Management

Organizational Structure, Business Processes, and Risk

Communication

Management and Leadership Principles

IT and Business Continuity

Financial Management

Global Business Environment

Exam Preparation

Using Group Study

Question Form