The Certified Internal Auditor (CIA) teaches the IIA's International Standards for the Professional Practice of Internal Auditing (Standards) and aspects of mandatory guidance under the IPPF.
What you will learn
- Master the foundations of an internal auditor
- Apply internal audit best practices to your daily work routine
- Reduce financial risk for employers
- Develop exam time management and pacing
How you will benefit
- Prepare yourself to work as an internal auditor or risk manager
- Develop the skills needed to pass various CIA exams, including parts 1, 2, and 3
- Become an asset to your employer by reducing your organization's chance of financial risks
- Demonstrate your proficiency with internal staff and external clients
- This course can be taken on either a PC or Mac.
- PC: Windows XP or later.
- Mac: OS X Snow Leopard 10.6 or later.
- Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible.
- Adobe Flash Player. Click here to download the Flash Player.
- Adobe Acrobat Reader. Click here to download the Acrobat Reader.
- Software must be installed and fully operational before the course begins.
- Email capabilities and access to a personal email account.
Instructional Material Requirements:
The instructional materials required for this course are included in enrollment. You will receive unlimited Practice Assessments, and a PDF textbook with the course.
The Certified Internal Auditor (CIA) teaches the IIA's International Standards for the Professional Practice of Internal Auditing (Standards) and aspects of mandatory guidance under the IPPF. It also focuses on managing an internal audit project and culminates with concepts related to internal control, risk, governance, and technology.
- Part 1 – Internal Audit Basics
- Mandatory Guidance
- Definition of Internal Auditing
- Code of Ethics
- International Standards
- Internal Control / Risk
- Types of Controls
- Management Control Techniques
- Internal Control Framework Characteristics and Use
- Alternative Control Frameworks
- Risk Vocabulary and Concepts
- Fraud Risk Awareness
- Conducting Internal Audit Engagements – Audit Tools and Techniques
- Data Gathering
- Data Analysis and Interpretation
- Data Reporting
- Documentation / Work Papers
- Process Mapping, Including Flowcharting
- Evaluate Relevance, Sufficiency, and Competence of Evidence
- Part 2 – Internal Audit Practice
- Managing the Internal Audit Function
- Strategic Role of Internal Audit
- Operational Role of IA
- Establish Risk-Based IA Plan
- Managing Individual Engagements
- Plan Engagements
- Supervise Engagement
- Communicate Engagement Results
- Monitor Engagement Outcomes
- Fraud Risks and Controls
- Consider the potential for fraud risks and identify common types of fraud associated with the engagement area during the engagement planning process
- Determine if fraud risks require special consideration when conducting an engagement
- Determine if any suspected fraud merits investigation
- Complete a process review to improve controls to prevent fraud and recommend changes
- Employ audit tests to detect fraud
- Support a culture of fraud awareness, and encourage the reporting of improprieties
- Interrogation/investigative techniques – Awareness Level (A)
- Forensic auditing – Awareness Level (A)
- Part 3 – Internal Audit Knowledge Elements
- Governance / Business Ethics
- Corporate/Organizational Governance Principles – Proficiency Level (P)
- Environmental and Social Safeguards
- Corporate Social Responsibility
- Risk Management - Proficiency Level (P)
- Risk Management Techniques
- Organizational Use of Risk Frameworks
- Organizational Structure/Business Processes and Risks
- Risk/Control Implications of Different Organizational Structures
- Typical Schemes in Various Business Cycles
- Business Process Analysis
- Inventory Management Techniques and Concepts
- Electronic Funds Transfer (EFT)/Electronic Data Interchange (EDI)/E-commerce
- Business Development Life Cycles
- The International Organization for Standardization (ISO) Framework
- Outsourcing Business Processes
- Stakeholder Relationships
- Management / Leadership Principles
- Strategic Management
- Organizational Behavior
- Management Skills/Leadership Styles
- Conflict Management
- Project Management / Change Management
- IT / Business Continuity
- Application Development
- System Infrastructure
- Business Continuity
- Financial Management
- Financial Accounting and Finance
- Managerial Accounting
- Global Business Environment
- Economic / Financial Environments
- Cultural / Political Environments
- Legal and Economics—General Concepts
- Impact of Government Legislation and Regulation on Business
This is not an instructor facilitated course; however, support will be provided through email, online forms, and phone.