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