Certified Internal Auditor (CIA) Part 3 Training

Certified Internal Auditor (CIA) Part 3 Training

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 2Month/20 Hours                                                  Price: 125,000

                                                                                     120,000

Certified Internal Auditor (CIA) Part 3 Training


This course will review all key content necessary for the exam and includes practice questions and tips on exam strategy. The course will help you learn about the essential business knowledge an internal auditor needs to know, about key concepts in information security and information technology, as well as an introduction to financial and management accounting.


Course Key Learnings: 

What you need to be proficient at for the Certified Internal Auditor (CIA) Part 3 exam.
Learn how organizations plan their strategy, measure their performance and are structured to achieve their objectives.
Know about the type of data analytics and their role in internal auditing.
Learn about controls related to physical and information security and data privacy and protection.
Understand emerging cyber and technological risks.
Learn about common IT systems and their development.
Know about key IT controls and about disaster recovery planning.
Understand key concepts in financial and management accounting, such as business cycles, budgeting and transfer pricing.
Learn how to analyze financial data. Know about key concepts related to management accounting.

Course Content:

Module1: CIA Part 3 Introduction and Exam Strategy

Introduction to the CIA Part 3
Exam Planning

Module2: Business Essentials

Strategic Planning
Setting the Strategy and Objective
Competitive Strategie
Strategic Considerations to Compete in a Marke
Key Performance Indicators
Balanced Scorecard
Leading, Coincident and Lagging Indicators
KPI Target
Steps to Developing KPI
Productivity
Organizational Behavior
Motivation
0curity Governance
Leadership vs Management Skill
Management Control Technique
Bases of Power
Leadership Grid
Centralized vs Decentralize
Departmentalization
Business Processes – Sales

Module3: Information Security
Definition of Information Security
Data Integrity, Confidentiality and Data Availability
IT General Controls
Question on Segregation of IT Duties
Threats and Controls to Physical Security
Question on Threats and Controls to Physical Security 1
Question on Threats and Controls to Physical Security 2
Identity Access Management
Access and Authorization Controls – Risks
Identity Access Management – Activities
Authentication
IT Departmentalization
Question on IT Departmentalization 1
Question on IT Departmentalization 2
Types of Information Security Controls
Encryption
Firewalls
Data Privacy and Protection
Data Protection Framework
Question on Data Protection Framework
Smart Devices and Their Risks
Question on Smart Devices and Their Risks
Question onQuestion on Data Protection Framework
Asset-Threat-Vulnerability Triangle
Cybersecurity Risks
Cybersecurity Threats
Question on Cybersecurity Threats 1
Question on Cybersecurity Threats 2
Question on Cybersecurity Threats 3
Question on Cybersecurity Threats 4
IT Management and Governance Controls Against Cybersecurity Threats
Application and Access Controls
Technical IT Infrastructure Controls
External Connections Controls
Verifying 3rd Party Information Security
Illicit Software Use
Insider Threat

Module4: Information Technology

The Layers Model of IT Management
Auditing the Systems Development Life Cycle (SDLC) Model
Types of Systems Development Methods
Waterfall Method
Spiral Method
Rapid Development
Agile Method
Question on Types of Systems Development Methods
Application Testing Methods
Question on Application Testing Methods
Databases – Terminology
Relational Databases
Software and Application Controls
Common Applications
IT Reporting Structure
IT Control Framework – COBIT
IT Control Framework – COBIT Principles
IT Infrastructure
Business Continuity and Disaster Recovery Planning (BCP-DRP)
Question on Business Continuity and Disaster Recovery Planning (BCP-DRP)
Data Backup and Recovery Controls

Module5: Financial and Management Accounting: 

Aspects of Finance and Accounting
Qualities of Financial Information
Dual-entry Accounting
Exercise on Dual-entry Accounting
Cash-basis and Accrual-basis Accounting
Financial Statement
Financial Statement Assertions
Revenue Recognition – Point of Sale Recognition
Revenue Recognition – Instalment Sales Method
Revenue Recognition – Cost Recovery Method
Revenue Recognition – Completed Contract Method
Revenue Recognition – Percentage of Completion Method
Strait Line Depreciation
Activity Method Depreciation
Accelerated Depreciation
Sum-of-the-year’s-digits Depreciation
Debt and Leverage Ratios
Liquidity Ratios
Question on Liquidity Ratios
Net Working Capital
Profitability Ratio
Return on Assets
Price to Earnings Ratio (PE Ratio)
Book Value Per Common Share
Investment Valuation Ratios
Activity Ratio
Capital Structure and Budgeting
Present and Future Value
Net Present Value (NPV) and Internal Rate of Return (IRR
Accounting Rate of Return (IRR)
Responsibility Accounting
Cost Accounting Terminology
Cost Accounting – Types of Costs
Cost-Volume-Profit (CVP) Analysis
Product Costing Systems
Cost Allocation and Cost Accumulation Systems

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