CIA Part 1 Exam Preparation: Essentials of Internal Auditing
Start your Certified Internal Auditor journey with a firm grasp of the essentials.
About this course
Start your Certified Internal Auditor journey with a firm grasp of the essentials. Over eight days you will cover the foundations of internal auditing, independence and objectivity, ethics and professionalism, governance, risk management, internal control and fraud risks.
Each topic is linked to the Part 1 content outline and reinforced with practice questions, so you leave with a clear study plan and the confidence to sit the exam. Exam fees are separate and paid to the exam provider.
What you'll learn
- Explain the purpose, mandate and professional framework of internal auditing
- Describe the role of the internal audit charter and the difference between assurance and advisory services
- Apply the principles of independence and objectivity, and recognise impairments
- Demonstrate ethical behaviour, competency and due professional care
- Evaluate governance, risk management and internal control arrangements
- Identify fraud risks, red flags and the controls that prevent and detect fraud
- Prepare for the CIA Part 1 exam with timed practice questions
Curriculum
- Structure of the three-part programme
- The Part 1 content outline
- Building a study plan
- Answering multiple-choice questions
- The purpose and mandate of internal auditing
- The professional practices framework and Global Internal Audit Standards
- The internal audit charter
- Assurance and advisory services
- Organisational independence
- Individual objectivity
- Impairments and their disclosure
- Relationships with the board and senior management
- Integrity and ethical behaviour
- Competency and continuing development
- Due professional care
- Confidentiality
- Governance principles and frameworks
- Roles of the board and management
- Organisational culture and ethics
- The internal audit role in governance
- Risk management frameworks
- Identifying and assessing risk
- Risk appetite and risk responses
- Evaluating risk management processes
- Internal control frameworks
- Types of controls
- Assessing control design and effectiveness
- Management and internal audit responsibilities
- Fraud risks and red flags
- Common fraud schemes
- Controls to prevent and detect fraud
- The internal audit role in fraud investigations
- Timed practice exam
- Reviewing weak areas
- Exam-day preparation
Who it's for
Internal auditors, accountants and risk and compliance staff preparing for CIA Part 1.
Before you start
- Study or experience in accounting, auditing or business is recommended
- Candidates should check the current eligibility requirements published by The IIA
Prepares for
Part of these Alalamia diplomas
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