Introduction

This program is designed to prepare participants for the Certified Internal Auditor (CIA) Part 1 exam by providing a comprehensive understanding of the foundations of internal auditing. The course covers key topics such as internal control, governance, risk management, and auditing principles, ensuring participants are fully equipped for the exam.

Objectives

• Develop a solid understanding of the core principles of internal auditing.

• Gain expertise in internal control frameworks and risk management practices.

• Learn about governance structures and the role of internal auditors in governance.

• Master essential audit techniques and reporting methods.

• Be thoroughly prepared for the CIA Part 1 exam through practice questions and reviews.

Target Audience

• Internal auditors seeking CIA certification.

• Professionals involved in governance, risk management, and compliance.

• Individuals preparing for the CIA Part 1 exam.

 Outline

Day 1: Introduction to Internal Auditing and Governance

• Overview of the internal audit profession and the CIA certification process.

• Introduction to the International Professional Practices Framework (IPPF) and the IIA Code of Ethics.

• Understanding the internal auditor's role within organizations and their contribution to governance processes.

• Introduction to corporate governance, including structures, roles of boards, and committees.

Day 2: Internal Control Frameworks and Risk Management

• Comprehensive exploration of internal control concepts, including the COSO Framework.

• The internal auditor's role in evaluating and improving risk management systems.

• Key techniques for identifying, assessing, and managing organizational risks.

• Practical applications of internal control and risk management principles through case studies.

Day 3: Auditing Governance, Risk, and Control

• Auditing corporate governance practices and assessing the effectiveness of governance structures.

• Exploring the internal auditor’s responsibility in ensuring that governance, risk, and control processes are effective.

• Evaluating the design and implementation of internal control systems and risk management processes.

• Review of real-life governance and control audits to deepen understanding.

Day 4: Audit Planning, Execution, and Reporting

• Key components of planning and conducting an internal audit, including audit objectives and scope.

• Techniques for gathering and analyzing audit evidence, including sampling and interviewing.

• Best practices for documenting audit findings and writing clear, actionable audit reports.

• Follow-up audits and continuous monitoring to ensure corrective actions are implemented.

Day 5: CIA Exam Preparation and Review

• Comprehensive review of all key topics covered in the course: internal audit fundamentals, governance, risk management, and control frameworks.

• Practice exam questions to simulate the CIA Part 1 exam experience.

• Review of exam strategies, time management tips, and common pitfalls to avoid during the exam.

• Final Q&A session to clarify concepts, provide feedback on practice questions, and prepare participants for success in the exam.