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.The course covers:CIA Part 1 Introduction and Exam StrategyIntroduction to the CIA certification, overview of the content of CIA Part 1 and exam strategies.Fundamental concepts of Internal AuditingUnderstand the purpose of an internal audit function, what internal audit does and the principles, framework and standards of the profession.Independence, Objectivity and EthicsProficiently understand the critical notion of independence and be able to identify if an audit function has organizational independence. Know how to always act ethically as an internal auditor.Due Professional Care and ProficiencyKnow which areas internal auditors need to be proficient (and which they don’t). Learn how to show or identify due professional care. Recognize how this affects the staffing of internal audit functions.Quality Assurance and Improvement ProgramKnow how to conduct an internal audit quality internal assessment and how external assessments must be performed.Governance, Risk Management and Internal ControlGain an understanding of internal audit’s role in governance, risk management and internal controls. Learn about different frameworks for assessing these areas.Fraud Risks and CultureLearn how to identify fraud risks and what to do if fraud is suspected. See how internal audit can change an organization’s culture.

Overview

Section 1: CIA Part 1 Introduction and Exam Strategy

Lecture 1 CIA Certification Overview

Lecture 2 Course Materials

Lecture 3 Introduction to Your Teacher and How Certifications can Change Your Career

Lecture 4 Exam Planning

Lecture 5 Exam Preparation, Work Experience and CPE

Lecture 6 Exam Format and Strategy

Lecture 7 Exam Preparation Tips & Tricks

Section 2: Fundamental Concepts of Internal Auditing

Lecture 8 Course Syllabus

Lecture 9 Why Have Internal Audit

Lecture 10 Definitions of Internal Audit, Assurance and Consulting

Lecture 11 Exercise on Assurance and Consulting

Lecture 12 What Internal Audit Does - Controls

Lecture 13 What Internal Audit Does - Risk Management

Lecture 14 What Internal Audit Does - Governance

Lecture 15 Core Principles

Lecture 16 International Professional Practices Framework (IPPF)

Lecture 17 The Standards

Section 3: Independence, Objectivity and Ethics

Lecture 18 Organizational Independence - Definition

Lecture 19 Organizational Independence - Reporting Structure

Lecture 20 Organizational Independence - Measures for Independence

Lecture 21 Organizational Independence - Interference

Lecture 22 Organizational Independence - Functional Reporting

Lecture 23 Organizational Independence - Administrative Reporting

Lecture 24 Organizational Independence - Reflection on Reporting Structures

Lecture 25 Internal Audit Charter

Lecture 26 Code of Ethics - Integrity

Lecture 27 Code of Ethics - Objectivity

Lecture 28 Code of Ethics - Confidentiality

Lecture 29 Code of Ethics - Competency

Section 4: Due Professional Care and Proficiency

Lecture 30 Due Professional Care and Proficiency

Lecture 31 Due Professional Care - Coverage of Risks

Lecture 32 Internal Audit Staffing

Section 5: Quality Assurance and Improvement Program

Lecture 33 Quality Assurance and Improvement Program

Section 6: Internal Control

Lecture 34 Internal Control

Lecture 35 Internal Control - Example

Lecture 36 The Control Environment

Lecture 37 Functions of Controls

Lecture 38 Other Functions of Controls

Lecture 39 Level of Controls

Lecture 40 Exercise on Internal Control

Lecture 41 Control Self-Assessment

Lecture 42 Internal Control Frameworks

Lecture 43 Internal Control Frameworks

Section 7: Risk Management

Lecture 44 Risk Management - Definition

Lecture 45 Audit Risk Model

Lecture 46 Risk Appetite and Acceptable Risk

Lecture 47 Risk Assessment

Lecture 48 Risk Evaluation

Lecture 49 Graphing Risks

Lecture 50 Risk Responses

Lecture 51 The Enterprise Risk Management Model

Lecture 52 Risk Management Maturity

Lecture 53 Emerging Risks

Lecture 54 Internal Audit's Role in Risk Management

Lecture 55 Analyzing Risks

Lecture 56 Risk Control and Acceptable Risk

Lecture 57 Internal Audit's Role in Risk Management

Lecture 58 Reliance on Risk Maturity Models

Lecture 59 Psychological Biases for Assessing Risks

Lecture 60 Roles in the Enterprise Risk Management Model

Lecture 61 ISO 31000 Principles

Lecture 62 Audit Approach Based on Risk Management Maturity

Lecture 63 Three Lines of Defense Model

Lecture 64 Risk Assurance Mapping

Section 8: Fraud Risks

Lecture 65 Characteristics of Fraud

Lecture 66 Internal Audit Fraud Responsibilities

Lecture 67 Fraud Red Flags

Lecture 68 The Fraud Triangle

Lecture 69 Exercise - Classify Fraud Red Flags

Lecture 70 Fraud Risks

Lecture 71 Interview vs. Interrogation

Lecture 72 5 Principles to Manage Fraud Risk

Lecture 73 Fraud Controls

Lecture 74 Fraud Investigation

Lecture 75 Guidelines for Assessing Fraud Risk

Lecture 76 What is a Forensic Auditor

Lecture 77 Analytical Tools for Fraud Tests

Section 9: Culture

Lecture 78 Levels of Culture

Lecture 79 Internal Audit's Role in Ethics

Lecture 80 Best Practices for an Ethical Climate

Section 10: Course wrap-up

Lecture 81 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.