Certified Internal Auditor (CIA Part 1)

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.