Training Course: Certified Internal Auditor part 1 (Module 1 and 2)

Introduction:

The Certified Internal Auditor (CIA) designation is an internationally recognized certification awarded by the Institute of Internal Auditors (IIA). The CIA certification is a globally recognized symbol of professional competence in the internal auditing profession. To become a CIA, individuals must pass a rigorous exam that tests their knowledge and skills in internal auditing.

This training program is designed to prepare individuals to pass the CIA exam by covering the three parts of the exam, which are Essentials of Internal Auditing, Practice of Internal Auditing, and Business Knowledge for Internal Auditing. The program will provide a comprehensive review of the key concepts, techniques, and methodologies necessary to succeed in the internal auditing profession.

The target audience for this program includes individuals who are interested in pursuing a career as an internal auditor or those who are already working in the internal audit field and wish to become certified. It is also suitable for anyone who wants to expand their knowledge and skills in internal auditing.

The program is divided into Two parts, each consisting of five days of instruction and training. Each day will consist of Five hours of instruction and training, including lecture, discussion, and interactive exercises. Participants will also have access to study materials, practice exams, and other resources to support their exam preparation.

Objectives:

The objective of this training program is to prepare individuals to pass the Certified Internal Auditor (CIA) Exam. The program will cover the three parts of the exam, including the key concepts, techniques, and methodologies necessary to succeed.

Target Audience:

This program is designed for individuals who are interested in pursuing a career as an internal auditor or those who are already working in the internal audit field and wish to become certified. It is also suitable for anyone who wants to expand their knowledge and skills in internal auditing.

Outlines:

Module 1:

CIA Exam Part 1 - Essentials of Internal Auditing

Day 1:

Introduction to Internal Auditing

• Definition and purpose of internal auditing

• Key concepts and principles of internal auditing

• The role of internal auditors

• The internal audit process

Day 2:

Internal Control and Risk Management

• Types  of internal controls

• COSO Framework and its components

• Risk management process

• Assessing and managing risk

Day 3:

Conducting Internal Audit Engagements

• Types of audit engagements

• Audit planning and risk assessment

• Audit procedures and techniques

• Audit reporting

Day 4:

Fraud Risks and Controls

• Definition of fraud

• Types of fraud

• Fraud risk assessment

• Fraud prevention and detection

Day 5:

Review and Practice

• Recap of key concepts

• Practice questions and case studies

• Test-taking strategies

Module 2:

CIA Exam Part 2 - Practice of Internal Auditing

Day 1:

Managing the Internal Audit Function

• Internal audit governance and management

• Resource management

• Performance management

• Quality assurance and improvement program (QAIP)

Day 2:

Managing Individual Engagements

• Engagement planning and risk assessment

• Audit procedures and techniques

• Communicating results

• Follow-up and monitoring

Day 3:

Fraud Risks and Controls II

• Fraud schemes and red flags

• Investigation techniques

• Legal and regulatory environment

• Ethics and professionalism

Day 4:

IT and Business Continuity

• IT risks and controls

• IT audit process

• Business continuity planning and disaster recovery

Day 5:

Review and Practice

• Recap of key concepts

• Practice questions and case studies

• Test-taking strategies