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 Certified Internal Auditor CIA Part 2 A3050 QR Code
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Certified Internal Auditor CIA Part 2

Overview:

Introduction:

This program is designed to prepare participants for the certification exam only.

The Certified Internal Auditor (CIA) certification is a globally recognized credential for internal auditors, demonstrating expertise in internal audit practices and principles. The CIA exam comprises three parts, with Part 2 focusing on the practical aspects of conducting internal audit engagements. This training program is designed to prepare candidates for Part 2 of the CIA exam, covering essential topics such as managing the internal audit function, planning engagements, performing engagements, and communicating results.

Program Objectives:

By the end of this program, participants will be able to:

  • Explore the responsibilities involved in managing the internal audit function.

  • Develop and conduct risk-based internal audit plans.

  • Effectively plan and perform internal audit engagements.

  • Communicate engagement results and monitor progress.

  • Prepare thoroughly for the CIA Part 2 examination.

Target Audience:

  • Internal audit professionals preparing for the CIA certification.

  • Auditors aiming to enhance their knowledge of internal audit practices.

  • Professionals responsible for managing or overseeing internal audit functions.

Program Outline:

Unit 1:

Managing the Internal Audit Function:

  • Overview of internal audit operations, including planning, organizing, directing, and monitoring.

  • Key activities for managing resources within the internal audit function: budgeting and staffing.

  • Aligning internal audit strategy with stakeholder expectations and organizational objectives.

  • Importance of building relationships and communicating effectively with senior management and the board.

  • The frameworks for establishing and maintaining a quality assurance and improvement program.

Unit 2:

Planning the Engagement:

  • Strategies for determining engagement objectives and scope based on a thorough understanding of the organization.

  • How to develop evaluation criteria and identifying key risks and controls.

  • Importance of completing detailed risk assessments for audit areas.

  • The role of preparing comprehensive engagement work programs.

  • Allocating appropriate resources and expertise for the engagement.

Unit 3:

Performing the Engagement:

  • Importance of gathering sufficient and appropriate information to achieve engagement objectives.

  • Tools for evaluating the relevance, sufficiency, and reliability of evidence collected.

  • How to apply analytical approaches and process mapping techniques.

  • Documenting workpapers to support conclusions and engagement results.

  • Summarizing and developing well-supported engagement conclusions.

Unit 4:

Communicating Engagement Results and Monitoring Progress:

  • Importance of communicating effectively with stakeholders throughout the engagement.

  • Steps for preparing clear and concise engagement reports.

  • Tools for monitoring the implementation of management's action plans.

  • The important role of applying appropriate supervision and ensuring quality throughout the engagement.

Unit 5:

CIA Part 2 Exam Preparation:

  • Understanding the CIA Part 2 exam format and structure.

  • Reviewing key topics and areas of emphasis in the exam syllabus.

  • Sample exam questions and their potential answers.

  • Resources and study materials for exam preparation.

Note: This program is designed to prepare participants for the certification exam only.

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