About this course:
Course Description
The Certified Internal Auditor (CIA) exam tests a candidate’s knowledge of current internal auditing practices and understanding of internal audit issues, risks and remedies. The exam is offered in three parts, each part consisting of multiple-choice questions. The testing period is different for each of the parts and it is determined based on the number of questions.
Course Schedule
- Day 1: 12:00 – 16:00
- Day 2: 12:00 – 16:00
- Day 3: 12:00 – 16:00
Course Topics
PART 1 – Essentials of Internal Auditing
The revised CIA Part One is well aligned with The IIA’s International Professional practices Framework (IPPF) and includes six domains covering the foundation of internal auditing; independence and objectivity; proficiency and due professional care; quality assurance and improvement programs; governance, risk management, and control; and fraud risk.
*Note: All items in this section of the syllabus will be tested at the Basic (B) knowledge level unless otherwise indicated below
(B) – Basic: The candidate is responsible for comprehension and recall of information.
(P) – Proficient: The candidate is responsible not only for comprehension and recall of information but also for higher-level mastery of the content, including application, analysis, synthesis and evaluation.
- Foundations of Internal Auditing (15%)
- IIA’s Mission of Internal Audit, Definition and Core Principles (P)
- Internal audit charter
- Difference between assurance and consulting services (P)
- IIA Code of Ethics (P)
- Independence and Objectivity (15%)
- Organizational independence of the internal audit activity
- Impairments to internal audit independence
- Individual internal auditor’s objectivity (P)
- Policies that promote objectivity (P)
- Proficiency and Due Professional Care (18%)
- Knowledge, skills, and competencies of the internal audit activity
- Knowledge and competencies that an internal auditor (P)
- Due professional care (P)
- Continuing professional development (P)
- Quality Assurance and Improvement Program (7%)
- Quality assurance and improvement program
- Reporting the results of the quality assurance and improvement program
- Disclosure of conformance vs. nonconformance with the Standards
- Governance, Risk Management, and Control (35%)
- Concept of organizational governance
- Impact of organizational culture
- Organization’s ethics and compliance-related issues
- Corporate social responsibility
- Fundamental concepts of risk and risk management process (P)
- Globally accepted risk management frameworks
- Effectiveness of risk management (P)
- Internal audit role in the organization’s risk management
- Internal control concepts and types of controls (P)
- Globally accepted internal control frameworks (P)
- Effectiveness and efficiency of internal controls (P)
- Fraud Risks (10%)
- Fraud risks and types of frauds (P)
- Potential for occurrence of fraud (red flags, etc.) (P)
- Recommend controls to prevent and detect fraud (P)
- Techniques and internal audit roles related to forensic auditing
