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4 - AAU - Accounting and Financial Auditing

AAU 206A - Certified Internal Auditor (CIA) Certificate Preparation

Code Start Date Duration Venue
AAU 206A 30 October 2023 5 Days Istanbul Registration Form Link
AAU 206A 25 December 2023 5 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

  • 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 3

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

Day 4

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

Day 5

  • 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