Certified Internal Auditor (Cia) Part 1 - Full Study Course

Full study course and instructor support for the Certified Internal Auditor (CIA) Part 1.

What you'll learn
What you need to be proficient at for the Certified Internal Auditor (CIA) Part 1 exam.
The essentials of internal auditing.
Exam preparation strategy and tips and tricks for the exam.
Understand the role that internal audit functions play in an organization.
Know the key principles and standards of the internal auditing.
Know how to apply key concepts such as independence and objectivity.
Learn how to keep in good standing by knowing how to follow the code of ethics and how to show due professional care and proficiency.
Know whether your reporting lines are appropriate and how to improve your department through quality assurance.
Learn about the essential areas of governance, risk management and internal controls where auditors put much of their work effort.
Learn how to react if you suspect fraud within your organization.
Requirements
No prerequisite knowledge expected.
Description
Welcome to this exam preparation course for the Certified Internal Auditor (CIA), a certification from the Institute of Internal Auditors (IIA).This course aims to decrease the time you need to prepare for the exam. It includes instructor support for your questions.I have taught internal audit courses in person to hundreds of internal auditors and other interested professionals and I would finally like to share this with you as well online. The course covers all areas in which you need to be proficient through 82 lectures.This course has helped many people improve their chances at the CIA, from global Chief Audit Executives to interested students: this course is suited for anyone with an interest in internal audit.It will help you understand the role that internal audit functions play in an organization and the principles and standards of the profession. It will help you know how to apply key concepts such as independence and objectivity. You will learn how to keep in good standing by knowing how to follow the code of ethics and how to show due professional care and proficiency.If you manage an internal audit team or want to be ready for when you do, it will help you know whether your reporting lines are appropriate and how to improve your department through quality assurance. You will learn about the essential areas of governance, risk management and internal controls where auditors put much of their work effort. Finally, you will better know how to react if you suspect fraud within your organization.Most importantly, it aims to help you ‘think’ like an internal auditor, which I find is essential for scoring highly on the exam as well as being a great internal auditor.

Overview

Section 1: CIA Part 1 Introduction and Exam Strategy

Lecture 1 CIA Certification Overview

Lecture 2 Introduction to Your Teacher and How Certifications can Change Your Career

Lecture 3 Exam Planning

Lecture 4 Exam Preparation, Work Experience and CPE

Lecture 5 Exam Format and Strategy

Lecture 6 Exam Preparation Tips & Tricks

Section 2: Fundamental Concepts of Internal Auditing

Lecture 7 Course Syllabus

Lecture 8 Why Have Internal Audit

Lecture 9 Definitions of Internal Audit, Assurance and Consulting

Lecture 10 Exercise on Assurance and Consulting

Lecture 11 What Internal Audit Does - Controls

Lecture 12 What Internal Audit Does - Risk Management

Lecture 13 What Internal Audit Does - Governance

Lecture 14 Core Principles

Lecture 15 International Professional Practices Framework (IPPF)

Lecture 16 The Standards

Section 3: Independence, Objectivity and Ethics

Lecture 17 Organizational Independence - Definition

Lecture 18 Organizational Independence - Reporting Structure

Lecture 19 Organizational Independence - Measures for Independence

Lecture 20 Organizational Independence - Interference

Lecture 21 Organizational Independence - Functional Reporting

Lecture 22 Organizational Independence - Administrative Reporting

Lecture 23 Organizational Independence - Reflection on Reporting Structures

Lecture 24 Internal Audit Charter

Lecture 25 Code of Ethics - Integrity

Lecture 26 Code of Ethics - Objectivity

Lecture 27 Code of Ethics - Confidentiality

Lecture 28 Code of Ethics - Competency

Section 4: Due Professional Care and Proficiency

Lecture 29 Due Professional Care and Proficiency

Lecture 30 Due Professional Care - Coverage of Risks

Lecture 31 Internal Audit Staffing

Section 5: Quality Assurance and Improvement Program

Lecture 32 Quality Assurance and Improvement Program

Section 6: Internal Control

Lecture 33 Internal Control

Lecture 34 Internal Control - Example

Lecture 35 The Control Environment

Lecture 36 Functions of Controls

Lecture 37 Other Functions of Controls

Lecture 38 Level of Controls

Lecture 39 Exercise on Internal Control

Lecture 40 Control Self-Assessment

Lecture 41 Internal Control Frameworks

Lecture 42 Internal Control Frameworks

Section 7: Risk Management

Lecture 43 Risk Management - Definition

Lecture 44 Audit Risk Model

Lecture 45 Risk Appetite and Acceptable Risk

Lecture 46 Risk Assessment

Lecture 47 Risk Evaluation

Lecture 48 Graphing Risks

Lecture 49 Risk Responses

Lecture 50 The Enterprise Risk Management Model

Lecture 51 Risk Management Maturity

Lecture 52 Emerging Risks

Lecture 53 Internal Audit's Role in Risk Management

Lecture 54 Analyzing Risks

Lecture 55 Risk Control and Acceptable Risk

Lecture 56 Internal Audit's Role in Risk Management

Lecture 57 Reliance on Risk Maturity Models

Lecture 58 Psychological Biases for Assessing Risks

Lecture 59 Roles in the Enterprise Risk Management Model

Lecture 60 ISO 31000 Principles

Lecture 61 Audit Approach Based on Risk Management Maturity

Lecture 62 Three Lines of Defense Model

Lecture 63 Risk Assurance Mapping

Section 8: Fraud Risks

Lecture 64 Characteristics of Fraud

Lecture 65 Internal Audit Fraud Responsibilities

Lecture 66 Fraud Red Flags

Lecture 67 The Fraud Triangle

Lecture 68 Exercise - Classify Fraud Red Flags

Lecture 69 Fraud Risks

Lecture 70 Interview vs. Interrogation

Lecture 71 5 Principles to Manage Fraud Risk

Lecture 72 Fraud Controls

Lecture 73 Fraud Investigation

Lecture 74 Guidelines for Assessing Fraud Risk

Lecture 75 What is a Forensic Auditor

Lecture 76 Analytical Tools for Fraud Tests

Section 9: Culture

Lecture 77 Levels of Culture

Lecture 78 Internal Audit's Role in Ethics

Lecture 79 Best Practices for an Ethical Climate

Section 10: Course wrap-up

Lecture 80 Topics Covered at the Proficiency Level

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.