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:
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What you need to be proficient at for the Certified Internal Auditor (CIA) Part 2 exam.
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The practice of internal auditing.
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Exam preparation strategy and tips and tricks for the exam.
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How to manage an internal audit function.
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How to plan internal audit engagements.
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How to perform internal audit engagements.
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How to communicate engagement progress and results.
Course Content:
Module1: CIA Part 2 Introduction and Exam Strategy
- Introduction to the CIA Part 2
- Exam Planning
Module2: Managing Internal Audit
- Strategic and Operational Management of 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 Planning
- Engagement Scope
- Engagement Objectives
- Questions on Engagement Objectives
- Coverage of Significant Risks
- Questions on Coverage of Significant Risks
- Engagement Work Programs
Module4:Performing Engagements
- Workflow of an Engagement
- 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
- Communicating Engagement 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: 350USD
Job Interview Preparation (Soft Skills Questions & Answers)
- Tough Open-Ended Job Interview Questions
- What to Wear for Best Job Interview Attire
- Job Interview Question- What are You Passionate About?
- How to Prepare for a Job Promotion Interview
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Flexible Class Options
- Week End Classes For Professionals SAT | SUN
- Corporate Group Trainings Available
- Online Classes – Live Virtual Class (L.V.C), Online Training
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