Certified Internal Auditor (Cia) Part 2 - Full Study Course

Full study course and instructor support for the Certified Internal Auditor (CIA) Part 2.

What you'll learn

What you need to be proficient at for the Certified Internal Auditor (CIA) Part 2 exam.

The practice of internal auditing.

Exam preparation strategy and tips and tricks for the exam.

How to manage an internal audit function.

How to plan internal audit engagements.

How to perform internal audit engagements.

How to communicate engagement progress and results.

Requirements

No prerequisite knowledge expected. The different parts of the CIA can be performed in any order.

Description

We are glad to bring you a preparation course for the Part 2 of the Institute of Internal Auditor’s (IIA) Certified Internal Auditor (CIA) certification. You can start with any part of the CIA, and starting with the CIA Part 2 will give you the knowledge and tools necessary to perform, supervise and eventually manage internal audits. This course aims to decrease the time you need to prepare for the exam. It includes instructor support for your questions. It will review the key notions necessary for the exam and includes practice questions in each section and tips on exam strategy. The course will help you learn how to manage an internal audit function, from knowing how to create a risk-based internal audit plan to managing the administration of an internal audit department. You will know how to perform internal audit, starting from how to plan them, to how to perform and report on engagement results. You will learn tricky concepts such as to process for the acceptance of risks, how to perform risk-assessments and how to evaluate information.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 2 Introduction and Exam StrategyIntroduction to the CIA certification, overview of the content of CIA Part 2 and exam strategies.Managing Internal AuditLearn how to manage an internal audit function, what policies and procedures internal audit follows and the administration of an internal audit function. Know how to create a risk-based internal audit plan by identifying different sources for engagements, assessing risks and prioritizing engagements. Gain an awareness over different types of engagements and assurance providers and know about the reporting requirements to the board and management.Planning EngagementsUnderstand how to properly plan engagements by determining their objectives, criteria and scope. Create working papers which conform with the Standards and learn about different ways an internal audit can be staffed.Performing EngagementsLearn how to collect engagement information and then analyze and evaluate it. Learn how to supervise engagements.Communicating Engagement Progress and ResultsLearn how to communicate engagement results and the process of acceptance of risks. Learn how to monitor progress on the implementation status of internal audit recommendations.

Overview

Section 1: CIA Part 2 Introduction and Exam Strategy

Lecture 1 Introduction to the CIA Part 2

Lecture 2 Course Materials

Lecture 3 Exam Planning

Lecture 4 CIA Part 2 Syllabus and Performance Standards

Lecture 5 CIA Part 2 Tips and Tricks

Section 2: Managing Internal Audit

Lecture 6 Strategic and Operational Management of Internal Audit

Lecture 7 Internal Audit Policies and Procedures

Lecture 8 Internal Audit Charter

Lecture 9 The Annual and Strategic Internal Audit Plans

Lecture 10 The Main Internal Audit Documents

Lecture 11 Reporting to Senior Management and the Board

Lecture 12 Managing the Internal Audit Activity

Lecture 13 Internal Audit Control Processes

Lecture 14 Risk-based Internal Audit Planning

Lecture 15 Questions on Risk-based Internal Audit Planning

Lecture 16 The Internal Audit Plan

Lecture 17 Audit Approach Based on Risk Management Maturity

Lecture 18 Types of Engagements

Lecture 19 Common Types of Engagements

Lecture 20 Questions on Types of Engagements

Lecture 21 External Business Relationships Audits

Lecture 22 External Business Relationships Risks and Controls

Lecture 23 Contracts

Lecture 24 Contract Controls

Lecture 25 Auditing Quality

Lecture 26 Due Diligence Engagements

Lecture 27 Security Audit Engagements

Lecture 28 Data Protection Audits

Lecture 29 Operational Audits

Lecture 30 Financial Audits

Lecture 31 Questions on Financial Audits

Lecture 32 Internal Control Environment Audits

Lecture 33 Questions on Internal Control Environment Audits

Lecture 34 Compliance Audits

Lecture 35 Questions on Compliance Audits

Lecture 36 Environmental Compliance Audits

Lecture 37 Systems Development Life Cycle

Lecture 38 Questions on Systems Development Life Cycle

Lecture 39 Educating the Board and Senior Management

Lecture 40 Coordination and Reliance on Assurance Providers

Lecture 41 Questions on Coordination and Reliance on Assurance Providers

Lecture 42 Assurance Maps

Lecture 43 Communicating and Reporting to Senior Management and the Board

Lecture 44 Internal Audit KPIs

Lecture 45 Establishing Internal Audit KPIs

Lecture 46 Questions on Establishing Internal Audit KPIs

Section 3: Planning Engagements

Lecture 47 Engagement Planning

Lecture 48 Engagement Scope

Lecture 49 Engagement Objectives

Lecture 50 Questions on Engagement Objectives

Lecture 51 Coverage of Significant Risks

Lecture 52 Questions on Coverage of Significant Risks

Lecture 53 Engagement Work Programs

Lecture 54 Questions on Engagement Work Programs

Section 4: Performing Engagements

Lecture 55 Workflow of an Engagement

Lecture 56 Audit Techniques for Gathering Information

Lecture 57 Walkthroughs

Lecture 58 Questions on Walkthroughs

Lecture 59 Interview Approaches and Skills

Lecture 60 Process Maps and Benchmarking

Lecture 61 Risk-Control Matrix

Lecture 62 Building a Risk-Control Matrix

Lecture 63 Statistical and Non-statistical Sampling Methods

Lecture 64 Sampling Methods

Lecture 65 Questions on Sampling Methods

Lecture 66 Statistical Methods 1

Lecture 67 Exercises on Statistical Methods 1

Lecture 68 Statistical Methods 2

Lecture 69 Questions on Statistical Methods 2

Lecture 70 Analytical Tests

Lecture 71 Continuous Auditing and Embedded Audit Modules

Lecture 72 Questions on Continuous Auditing and Embedded Audit Modules

Lecture 73 Persuasiveness of Information

Lecture 74 Types of Evidence

Lecture 75 Questions on Types of Evidence

Lecture 76 Ratio Analysis 1

Lecture 77 Ratio Analysis 2

Lecture 78 Engagement Supervision

Lecture 79 Performance Appraisals

Lecture 80 Supervision Best Practices

Lecture 81 Reviewing Working Papers

Lecture 82 Questions on Reviewing Working Papers

Section 5: Communicating Engagement Progress and Results

Lecture 83 Communicating Engagement Results

Lecture 84 Best Practices for Confirming Audit Findings

Lecture 85 Quality of Communications

Lecture 86 Communicating Progress

Lecture 87 Best Practices on Communicating Recommendations

Lecture 88 Communicating Recommendations

Lecture 89 Internal Audit Opinions

Lecture 90 Questions on Internal Audit Opinions

Lecture 91 Acceptance of Risk

Lecture 92 Monitoring Progress

Lecture 93 Questions on Monitoring Progress

Section 6: Congratulations on Finishing the Course

Lecture 94 Congratulations on Finishing the Course

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.