Certified Internal Auditor(CIA)
Certified Internal Auditor - A certification awarded by IIA USA (The Institute of Internal Auditors - USA). www.theiia.org
The CIA designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. It has opened up countless doors of opportunity for practitioners around the world as it communicates their ability to serve as a key player in their organization’s success.
The CIA credential can be your master key to professional success, opening doors for career opportunities and earning you increased credibility and respect within the profession and your organization.
We are awarded the Best CIA Course on Coursetakers.ae
To Become a CIA
To participate in CIA. Before applicant can be approved, must prove the eligibility criteria for education, character, work experience, and identification. IIA’s staff Certified documents (proof of education, character reference, and identification).
To enroll in CIA, you need to follow the following steps;
• CIA candidates must hold a 4-year post-secondary degree (or higher) or equivalent from any recognized university
• CIA candidates with a 4 year post-secondary degree must possess minimum of 24 months of internal auditing experience or its equivalent. A Master’s degree can be substitute for 12 of the required 24 months
• Good professional conduct and moral certificate and must submit a Character Reference Form attested by a CIA, CGAP, CCSA, CFSA, CRMA,
• Identification proof required as candidate’s official passport or national identity card
• Effective November 2010, candidates to complete the program certification process within four years of application approval.
• CIAs – 40 CPE Hours per year for practical & 20 CPE Hours per year for Non-Practical.
Course of Study
Part-I Internal Audit Fundamentals
Part-II Internal Audit Engagement
Part-III Internal Audit Function
Exam Format
Passing Scale 600 marks out of 750
Part-I Internal Audit Fundamentals
• Time Duration of Exam – 2.5 hours exam
• 125 Multiple Choice Questions
Part-II Internal Audit Engagement
• Time Duration of Exam - 2 hours exam
• 100 Multiple Choice Questions
Part-III Internal Audit Function
• Time Duration of Exam - 2 hours exam
• 100 Multiple Choice Questions
Exam & Other Fee Structure
Membership Fee - $100
Application Fee - $100
Exam Fee Part - 1 - $250
Exam Fee Part - 2 & 3 - $200
Exam Windows
Annual digital exam system throughout the year. You can register yourself anytime at your convenience.
Part-I Internal Audit Fundamentals
The CIA exam Part I topics tested include aspects of mandatory guidance; internal control and risk concepts; as well as tools and techniques for conducting internal audit engagements.
• Foundations of Internal Auditing
• Assurance Services-I
• Assurance Services-II
• Advisory Services
• Ethics & Professionalism
• Governance
• Risk Management
• Controls : Types
• Controls : Application
• Fraud Risks
Course Outline Part-I Essentails of Internal Auditing
Independence, Objectivity, Proficiency, Care & Quality
• Independence of the Internal Audit Activity
• Objectivity of Internal Auditors
• Impairment to Independence and Objectivity
• Auditor Proficiency
• Internal Audit Resources
• Due Professional Care and Continuing Professional Development
• Quality Assurance and Improvement Program (QAIP)
• Internal and External Assessments
• Reporting on Quality Assurance
Foundations of Internal Auditing
• Applicable Guidance
• Code of Ethical Conduct for Professionals
• Internal Audit Ethics — Introduction and Principles
• Internal Audit Ethics – Integrity
• Internal Audit Ethics — Objectivity
• Internal Audit Ethics – Confidentiality
• Internal Audit Ethics — Competency
• Internal Audit Charter
Governance
• Governance Principles
• Roles of Internal Auditors in Governance
• Corporate Social Responsibility (CSR)
Risk Management
• Risk Management Processes
• COSO Framework — Enterprise Risk Management (ERM)
• ISO 31000 Risk Management Framework
Controls: Application
• Flowcharts and Process Mapping
• Accounting Cycles and Associated Controls
• Management Controls
Controls : Types & Frameworks
• Overview of Control
• Types of Controls
• Control Frameworks
Fraud Risks & Controls
• Fraud — Risks and Types
• Fraud — Controls
• Fraud – Investigation
Part-II Practice of Internal Auditing
This Part covers knowledge of Internal audit operations, engagements, internal audit plans and information gathering techniques & analysis.
• Internal Audit Operations
• Assurance & Compliance Engagements
• Financial, Environmental and Consulting Engagements
• The Internal Audit Plan
• Engagement Planning
• Information Gathering
• Sampling & Statistical Quality Control
• Analysis, Evaluation, Documentation & Supervision
• Communicating Results & Monitoring Progress
Course Outline Part-II Practice of Internal Auditing
Communicating Results & Monitoring Progress
• Communication with Clients
• Observations and Recommendations
• Communicating Engagement Results
• Communication Qualities and Overall Opinions
• Exit Conference and Management’s Response
• Approve and Distribute Reports
• Monitor Engagement Outcomes
Analysis, Evaluation, Documentation & Supervision
• Computerized Audit Tools
• Analytical Approaches and Process Mapping
• Analytical Review Techniques
• Workpapers — Purpose and Characteristics
• Workpapers — Review, Control, and Retention
• Drawing Conclusions
• Supervision
Financial, Environmental, and Consulting Engagements
• Financial Engagements
• Environmental Engagements
• Consulting Engagements – Overview
• Consulting Engagements – Internal Auditor
• Consulting Engagements – Benchmarking
• Consulting Engagements – Other Types
Assurance & Compliance Engagements
• Assurance Engagements
• Risk and Control Self-Assessment
• Audits of Third Parties and Contract Auditing
• Quality Auditing
• Security and Privacy Audits
• Performance Auditing
• Operational Auditing
• Compliance Auditing
Engagement Planning
• Engagement Planning and Risk Assessment
• Engagement Objectives, Scope, and Criteria
• Engagement Staff and Resources
• Engagement Procedures
• Engagement Work Program
Internal Audit Operations
• Introduction to Internal Auditing
• Internal Audit Administrative Activities
• Stakeholder Relationships
• Internal Audit Resource Requirements
• Coordination
Information Gathering
• The Four Qualities of Information
• Sources and Nature of Information
• Questionnaires
• Interviewing
• Other Information-Gathering Methods
Sampling & Statistical Quality Control
• Statistical Concepts
• Sampling Concepts
• Attribute Sampling
• Variables Sampling
• Statistical Quality Control
The Internal Audit Plan
• Risk-Based Audit Plan
• Risk Modeling
• Communicating and Reporting to Senior Management and the Board
Part-III Internal Audit Function
This Part covers is a mixture of Business processes, financial accounting, cost & management accounting and IT related topics. The knowledge of basic financial decision making techniques and in-depth knowledge of these tools will help in understanding and making good business decisions. After getting this knowledge, you will be able to take part in Financial Decision Making in your organization which help in improving the overall efficiency of the organization.
• Internal Audit Function
• Internal Audit Strategy & Communication
• Internal Audit Plan
• Quality of the Internal Audit Function
• Engagement Results & Monitoring: Action Plans
• Engagement Results & Monitoring: Communication
Course Outline Part-III Internal Audit Function
Internal Audit Function
• Introduction to Internal Auditing
• Managing Financial, Human and IT Resources within the Internal Audit Function
Internal Audit Strategy & Communication
• Aligning Internal Audit Strategy to Stakeholder Expectation
• Chief Audit Executive's Responsibilities for Communicating with Senior Management and the Board
• Stakeholder Relationships
Internal Audit Plan
• Sources of Potential Engagements
• Processes to Develop a Risk-Based Audit Plan
• Coordinate and Evaluate the Work of Other Assurance Providers
Quality of the Internal Audit Function
• Elements of the Quality Assurance and Improvement Program (QAIP)
• Disclosure of Non-Conformance with the IIA's Global Internal Audit Standards
• Internal Audit Key Performance Indicators (KPIs)
Engagement Results and Monitoring: Action Plan
• Auditor's Recommendations and Management Action Plans
• Chief Audit Executive's Responsibility for Assessing Residual Risk for the Engagement
• Monitoring and Confirming the Implementation of Management Action Plans
Engagement Results and Monitoring: Communication
• Effective Communicaation of Engagement Results
• Engagement Closing Communication and Reporting Process
• Communicating Risk Acceptance that may be Unacceptable to the Organization
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