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2Month/20 Hours Price: 125,000
120,000
Certified Internal Auditor CIA Part 2 Training
This is an advanced course which covers multiple competencies expected from internal audit professionals including chief audit executive’s responsibility for assessing residual risk and communicating risk acceptance, greater understanding of The IIA’s Performance Standards, sampling tools & techniques and communicating engagement results.
This course will help you to become the credible, trusted expert that everyone turns to and one that can apply the International Standards for the Professional Practice of Internal Auditing, make critical decisions, safeguard a company’s integrity, and plan for business sustainability apart from driving an organization’s strategy and value amid an unpredictable market.
Course Key Learnings:
The practice of internal auditing.
Exam preparation strategy and tips and tricks for the exam.
How to manage an internal audit function.
How to plan internal audit engagements.
How to perform internal audit engagements.
Course Content:
Module1: CIA Part 2 Introduction and Exam Strategy
Introduction to the CIA Part 2Exam Planning
Module2: Managing Internal Audit
Internal Audit Policies and Procedures
Internal Audit Charter
The Annual and Strategic Internal Audit Plans
Main Internal Audit Documents
Reporting to Senior Management and the Board
Managing the Internal Audit Activity
Internal Audit Control Processes
Risk-based Internal Audit Planning
Questions on Risk-based Internal Audit Planning
The Internal Audit Plan
Audit Approach Based on Risk Management Maturity
Types of Engagements Questions on Types of Engagements
Common Types of Engagements
External Business Relationships Audits
External Business Relationships Risks and Controls
Contracts
Contract Controls
Auditing Quality
Due Diligence Engagements
Security Audit Engagements
Data Protection Audits
Operational Audits
Financial Audits
Questions on Financial Audits
Internal Control Environment Audits
Questions on Internal Control Environment Audits
Compliance Audits
Questions on Compliance Audits
Environmental Compliance Audit
Systems Development Life Cycle
Questions on Systems Development Life Cycle
Educating the Board and Senior Management
Coordination and Reliance on Assurance Providers
Assurance Maps
Questions on Coordination with Assurance Providers
Communicating and Reporting to Senior Management and the Board
Internal Audit KPIs
Establishing Internal Audit KPIs
Questions on Establishing Internal Audit KPIs
Module3:Planning Engagements
Engagement Scope
Engagement Objectives
Questions on Engagement Objectives
Coverage of Significant Risks
Questions on Coverage of Significant Risks
Engagement Work Programs
Module4:Performing Engagements
Audit Techniques for Gathering Information
Walkthroughs
Questions on Walkthroughs
Interview Approaches and Skills
Process Maps and Benchmarking
Risk-Control Matrix
Building a Risk-Control Matrix
Statistical and Non-statistical Sampling Methods
Sampling Methods
Questions on Sampling Methods
Statistical Methods 1
Exercises on Statistical Methods 1
Statistical Methods 2
Questions on Statistical Methods 2
Analytical Tests
Continuous Auditing and Embedded Audit Modules
Questions on Continuous Auditing and Embedded Audit Modules
Persuasiveness of Information
Types of Evidence
Questions on Types of Evidence
Ratio Analysis
Ratio Analysis 2
Engagement Supervision
Performance Appraisal
Supervision Best Practices
Reviewing Working Papers
Questions on Reviewing Working
Module6:Communicating Engagement Progress and Results
Best Practices for Confirming Audit Findings
Quality of Communications
Communicating Progress
Best Practices on Communicating Recommendations
Communicating Recommendation
Internal Audit Opinions
Questions on Internal Audit Opinions
Acceptance of Risk
Monitoring Progress
Questions on Monitoring Progress
Who this course is for:
Students preparing for the Certified Internal Auditor (CIA) exam.Internal auditors.
External auditors.
Financial controllers or management accountants.
Finance, accounting or business students.
Risk managers.
Accountants (CPA, ACCA, Chartered Accountants, etc.).
Anyone working with internal auditors or undergoing an internal audit.
INTERNATIONAL STUDENT FEE: 450USD
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