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4 - AAU - Accounting and Financial Auditing

AAU 206B - Certified Internal Auditor (CIA) Certificate Preparation (10 Days)

Code Start Date Duration Venue
AAU 206B 08 July 2024 10 Days Istanbul Registration Form Link
AAU 206B 12 August 2024 10 Days Istanbul Registration Form Link
AAU 206B 16 September 2024 10 Days Istanbul Registration Form Link
AAU 206B 21 October 2024 10 Days Istanbul Registration Form Link
AAU 206B 25 November 2024 10 Days Istanbul Registration Form Link
AAU 206B 30 December 2024 10 Days Istanbul Registration Form Link
Please contact us for fees


Course Description

Certified Internal Auditors test and evaluate internal control systems. This means they set up systems to prevent loss, theft, fraud, and damaged goods during business operations. They do so by reviewing effectiveness of management, regulation compliance, and safeguarding of assets.

Internal auditors also ensure that all financial data they work with is reliable and up to date. This includes reviewing monthly balance sheets, financial reports, and capital expenditures. Everything reviewed by an internal auditor must follow both internal policies and external regulations.

To put the position in simpler terms, CIAs help upper management mitigate risk and safeguard company assets.

This is a course preparation for certification exam/procedure. The fee doesn't include exam fee. The exam date and application should be done by participant(s) themselves. Please contact us for details and further clarification.

Course Objectives

  • Understanding the foundations of internal auditing 
  • Learning independence and objectivity 
  • Gaining proficiency and due professional care 
  • Mastering quality assurance and improvement 
  • Learning about governance, risk management, and control 
  • Discussing fraud risks 

Who Should Attend?

  • Financial auditors
  • Public sector auditors
  • Administrators 
  • Managers 
  • Consultants

Course Details/Schedule

Day 1

  • Foundations of Internal Auditing
  • Interpret The IIA's Mission of Internal Audit
  • Definition of Internal Auditing
  • Core Principles for the Professional Practice of Internal Auditing
  • The purpose, authority, and responsibility of the internal audit activity
  • The requirements of an internal audit charter
  • The difference between assurance and consulting services provided by the internal audit activity
  • Independence and Objectivity
  • Organisational independence of the internal audit activity
  • Assess and maintain an individual internal auditor's objectivity
  • Analyse policies that promote objectivity

Day 2

  • Proficiency and Due Professional Care 
  • The knowledge, skills, and competencies required
  • Due professional care
  • Quality Assurance and Improvement Program 
  • The required elements of the quality assurance and improvement program
  • The requirement of reporting the results of the quality assurance and improvement program to the board or other governing body
  • appropriate disclosure of conformance vs. nonconformance with The IIA’s International Standards for the Professional Practice of Internal Auditing

Day 3

  • Governance, Risk Management, and Control 
  • The concept of organisational governance
  • The impact of organisational culture on the overall control environment 
  • Organisation's ethics and compliance-related issues, alleged violations, and dispositions
  • Corporate social responsibility
  • Fundamental concepts of risk and the risk management process
  • Globally accepted risk management frameworks appropriate to the organisation
  • The effectiveness of risk management within processes and functions
  • The appropriateness of the internal audit activity’s role in the organisation's risk management process
  • Interpret internal control concepts and types of controls
  • Globally accepted internal control frameworks appropriate to the organisation 
  • The effectiveness and efficiency of internal controls

Day 4

  • Fraud Risks 
  • Risks and types of frauds and determine whether fraud risks require special consideration when conducting an engagement
  • Evaluate the potential for occurrence of fraud 
  • Controls to prevent and detect fraud and education to improve the organisation's fraud awareness
  • Techniques and internal audit roles related to forensic auditing
  • Managing the Internal Audit Activity
  • Internal Audit Operations
  • Establishing a Risk-based Internal Audit Plan
  • Communicating and Reporting to Senior Management and the Board

Day 5

  • Planning the Engagement 
  •  Performing the Engagement 
  • Information Gathering
  • Analysis and Evaluation
  • Engagement Supervision

Day 6

  • Communicating Engagement Results and Monitoring Progress
  • Acceptance of Risk
  • Engagement outcomes
  • Follow-up of the disposition of audit engagement results communicated
  • Business Acumen
  • Organisational Objectives, Behavior, and Performance
  • Organisational Structure and Business Processes
  • Data Analytics

Day 7

  • Information Security 
  • Types of common physical security controls
  • The various forms of user authentication and authorisation controls
  • The purpose and use of various information security controls

Day 8

  • Data privacy laws and their potential impact on data security policies and practices
  • Emerging technology practices and their impact on security
  • Existing and emerging cybersecurity risks
  • Cybersecurity and information security-related policies

Day 9

  • Information Technology 
  • Application and System Software
  • IT Infrastructure and IT Control Frameworks
  • Disaster Recovery

Day 10

  • Financial Management 
  • Concepts and underlying principles of financial accounting
  • Advanced and emerging financial accounting concepts
  • Interpret financial analysis
  • Revenue cycle, current asset management activities and accounting, and supply chain management
  • Capital budgeting, capital structure, basic taxation, and transfer pricing 
  • Managerial Accounting