What you'll learn

CIA Part 1: Essentials of Internal Auditing 2024 Syllabus Indepth coverage through video lessons

Foundations of Internal Auditing

Independence and Objectivity (

Proficiency and Due Professional Care

Quality Assurance and Improvement Program

Governance, Risk Management and Control

Fraud Risks

Requirements

CIA Part 1: Essentials of Internal Auditing Book

Description

The CIA Part 1: Essentials of Internal Auditing Masterclass is a comprehensive video course designed to equip professionals, auditors, and individuals aspiring to excel in the field of internal auditing. This course covers the essential topics outlined in the Certified Internal Auditor (CIA) Part 1 exam, providing a deep understanding of internal auditing principles, practices, and methodologies.Course Outline:Module 1: Introduction to Internal Auditing1.1 Overview of Internal AuditingDefinition and purpose of internal auditingRole of internal auditors in organizations1.2 Internal Audit's Code of EthicsImportance of ethical conduct in internal auditingUnderstanding the IIA Code of Ethics1.3 Governance and Risk ManagementRelationship between internal auditing, governance, and risk managementKey principles of effective governanceModule 2: Organizational Structure and Business Processes2.1 Understanding Organizational StructuresTypes of organizational structuresImplications for internal auditing2.2 Business Processes and RisksIdentifying and assessing business processesMapping risks to business processesModule 3: The Role of Internal Audit in Governance3.1 Corporate Governance FrameworksOverview of corporate governance frameworksInternal audit's contribution to effective governance3.2 Internal Audit's Role in Corporate Social ResponsibilityLinking internal auditing to corporate social responsibilityEvaluating and reporting on CSR initiativesModule 4: Risk Management and Control Frameworks4.1 Principles of Risk ManagementUnderstanding risk management conceptsInternal audit's role in risk assessment4.2 Control FrameworksOverview of control frameworks (COSO, COBIT)Evaluating and enhancing control frameworksModule 5: Conducting Internal Audit Engagements - Part 15.1 Planning Internal AuditsImportance of planning in internal audit engagementsDeveloping a risk-based audit plan5.2 Performing Internal AuditsExecuting internal audit proceduresDocumentation and evidence collectionModule 6: Conducting Internal Audit Engagements - Part 26.1 Communicating ResultsReporting findings and recommendationsEffective communication with stakeholders6.2 Monitoring and Follow-upPost-audit activities and follow-up proceduresContinuous improvement in internal auditingModule 7: Global Business Environment7.1 Globalization and Its Impact on Internal AuditingChallenges and opportunities in the global business environmentAdapting internal auditing to global contextsModule 8: Exam Preparation and Tips8.1 CIA Part 1 Exam Structure and FormatUnderstanding the CIA Part 1 examTest-taking strategies and tips8.2 Practice Questions and Mock ExamsReviewing practice questionsSimulating exam conditions with mock examsBonus Content: Case Studies and Real-world ApplicationsAnalyzing real-world internal audit casesApplying internal auditing concepts to practical scenariosBy the end of this masterclass, participants will have a solid foundation in the essentials of internal auditing, preparing them for success in the CIA Part 1 exam and providing valuable insights for their professional careers.

Overview

Section 1: Section1 : Introduction

Lecture 1 Introduction

Section 2: Foundations of Internal Auditing

Lecture 2 02 Foundation-of-Internal-Auditing-Applicable-Guidance

Lecture 3 03 Foundations-of-Internal-Auditing-Ethics-Introduction-and-Principles

Lecture 4 04 Foundations-of-Internal-Auditing-Ethics-and-Integrity

Lecture 5 5 Objectivity

Lecture 6 06 Ethics-Confidentiality

Lecture 7 07 Ethics – Competency

Lecture 8 08 Internal-Audit-Charter

CIA Part 1: Essentials of Internal Auditing Candidates,Internal Auditors,Finance Professionals,Future Chief Audit Executives