Exam Preparation
CIA® 1&2Certified Internal AuditorPart 1&2
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Course Overview
This course is designed to equip aspiring internal auditors with the fundamental principles, standards, and practical skills essential for a successful career and to achieve the Certified Internal Auditor (CIA) designation. By integrating theoretical knowledge with practical applications, participants will gain a robust understanding of the internal audit’s role within modern organizations, with a focus on compliance, risk assessment, audit strategy development, fraud detection, and effective communication.
Participants will learn to conduct detailed risk assessments, develop comprehensive audit plans that align with organizational goals, and effectively manage audit resources. The course also covers advanced techniques in fraud detection, teaching learners to identify fraud risks and implement preventive strategies.
By the end of this course, participants will be well-prepared to take the CIA Parts 1 and 2 exams and successfully obtain the CIA certification, excel as internal auditors, leading with confidence in promoting ethical practices and organizational integrity.
Key Takeaways
1
Comprehend the core principles of internal auditing, including governance, risk management, internal controls, and fraud risks, ensuring alignment with the IIA Standards.
2
Maintain independence, objectivity, and ethical integrity, identifying and mitigating impairments while adhering to professional standards.
3
Apply risk-based auditing methodologies, assessing inherent and residual risks, fraud risks, and control effectiveness to strengthen organizational oversight.
4
Develop strong engagement planning and execution skills, ensuring well-defined objectives, risk-based scoping, effective supervision, and stakeholder alignment.
5
Master audit evidence gathering, analysis, and reporting, leveraging data analytics, process evaluation, and clear communication to provide impactful recommendations.
The Institute of Internal Auditors
Established in 1941, The Institute of Internal Auditors (IIA) is an international professional association with global headquarters in Altamonte Springs, Florida, USA. The IIA is the internal audit profession’s global voice, recognized authority, acknowledged leader, chief advocate, and principal educator. Members work in internal auditing, risk management, governance, internal control, information technology audit, education, and security.
Course Outline
Part 1 – Internal Audit Fundamentals
Foundations of Internal Auditing (35%)
- Purpose and objectives of internal auditing
- Definition of internal auditing
- Key benefits and added value
- Effectiveness conditions
- Internal audit mandate and responsibilities
- Roles and responsibilities of internal audit
- Board and senior management expectations
- Compliance with internal audit standards
- Internal audit charter and governance
- Essential components of the charter
- Development and approval process
- Periodic review and updates
- Assurance and advisory services
- Nature and scope of services
- Limited vs. reasonable assurance
- Considerations for advisory engagements
- Risk and control assessments
- Key risk assessment techniques
- Evaluating control design and operating effectiveness
- Risk prioritization and mitigation strategies
- Internal audit independence and role in risk management
- Importance of objectivity
- Safeguarding independence
- Internal audit within the Three Lines Model
Ethics and Professionalism (20%)
- Integrity and professional behavior
- Ethical dilemmas and decision-making frameworks
- Maintaining professional competence
- Objectivity and conflict of interest management
- Identifying and mitigating threats to objectivity
- Disclosure and resolution approaches
- Competency requirements and professional development
- Continuous learning and certification requirements
- Developing technical and soft skills
- Due professional care and confidentiality
- Handling sensitive information
- Confidentiality best practices
Governance, Risk Management, and Control (30%)
- Governance frameworks and internal audit’s role
- Corporate governance principles
- Roles of key governance bodies
- Risk management frameworks and processes
- Risk identification and assessment
- Risk response and monitoring
- Internal control concepts and types
- Preventive, detective, and corrective controls
- Assessing control effectiveness
- Organizational culture and ethical frameworks
- Evaluating organizational culture
- Ethical climate and tone at the top
Fraud Risks (15%)
- Fraud risk assessment and detection techniques
- Recognizing fraud indicators
- Assessing fraud risk factors
- Fraud response and prevention controls
- Implementing fraud control frameworks
- Collaboration with fraud investigators
- The internal auditor’s role in fraud investigations
- Conducting fraud investigations
- Reporting fraud findings
Part 2 – Internal Audit Engagement
Engagement Planning (50%)
- Determining engagement objectives and scope
- Setting audit objectives aligned with organizational goals
- Defining scope limitations and constraints
- Conducting risk assessments and defining evaluation criteria
- Identifying high-risk areas
- Establishing evaluation benchmarks
- Selecting audit methodologies and resource planning
- Choosing between agile and traditional approaches
- Allocating personnel and financial resources
- Engagement work program development
- Structuring audit work steps
- Developing testing procedures
Information Gathering, Analysis, and Evaluation (40%)
- Data collection methods and evidence evaluation
- Interview techniques and document review
- Evaluating data reliability and sufficiency
- Analytical review techniques and process mapping
- Performing trend analysis and benchmarking
- Mapping business processes for risk identification
- Evaluating technology options in auditing
- Leveraging data analytics tools
- Understanding IT controls and cybersecurity
Engagement Supervision and Communication (10%)
- Supervising audit engagements
- Managing audit teams and timelines
- Ensuring quality assurance
- Effective communication with stakeholders
- Presenting findings to senior management
- Providing actionable recommendations
- Documentation and reporting of audit findings
- Structuring audit reports
- Ensuring report clarity and conciseness
Who Should Attend?
This highly practical and interactive course is tailored for professionals who aspire to achieve the Certified Internal Auditor (CIA) designation and advance their careers in internal audit. It is designed for:
Chief Audit Executives
Audit Managers
Internal Audit Staff
Risk Management Professionals
Compliance Officers
Finance Professionals
Related Courses
FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations. We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.
Reviews
- Review:The training exceeded my expectation. Daniel was excellent in delivery through sharing his experiences and examples. The trainer was very patient with our questions and re-affirms our understanding. Perfect seminar and I would like to have more courses by him. - Manager Internal Audit, Abu Dhabi Commercial BankMeera AlameemiThe training exceeded my expectation. Daniel was excellent in delivery through sharing his experienc
- Review:I am really glad to deal with LEORON for my training, the atmosphere of the course was comfortable and the instructor “Jason Lee Mefford” was excellent specially that he conducted the course on a highly interactive manner which allowed me to update & align my knowledge not only with what’s required to successfully pass the test but also with the best practices for my profession; most importantly were the high calibers I met in the course, I had the chance to meet highly professional calibers that am proud to add to my network of professionals for a lot of them are loaded with experience & knowledge that I definitely will be able to use in the future. -Head OfficeAHMAD N. OMARInternal Audit Manager
