Raven Global Training

Course Syllabus

CIA Part 3 (all test prep tools)

Three Day Outline

Course Overview:

  • Are you preparing to sit for the Certified Internal Auditor exam?
  • Do you need someone or something to help motivate you to sit for and pass Part 3 of the CIA exam?
  • Have you attempted the exam and just can’t seem to get that “last” question right?
  • Are you new to internal audit and desire to obtain a solid foundation on how to conduct an audit and the different types of audits?

This course is for you. Attending this comprehensive instructor-lead course combined with your choice of online study tools and systems you will help gain the knowledge necessary to take and pass the exam and receive practical career training. You will expand your internal audit knowledge and build confidence for addressing today's internal audit challenges. This course provides you with an in-depth review of the global CIA exam syllabus.

Raven Catlin brings expertise and experience with exam instruction that no other audit professional or instructor can offer. Through her volunteer work with the IIA, Raven has insight to the areas that are tested in depth on the exam. Raven’s exposure to test-takers due to the frequency of review courses, gives her inside knowledge on the most troublesome areas to focus student learning and comprehension. Raven has taught over 2,700 students and boasts a 94% pass rate for test-takers who follow her instructions.

Note: Participants must purchase supplemental exam study questions, they are not included as part of this course. Participants will receive printed slides for instruction during the course.

Who should attend:

  • Auditors interested in establishing a solid foundation of internal audit expectations and theory
  • Professionals preparing for the CIA exam
  • Professionals positioning themselves for a future career in Internal Audit

Learning Objectives:

At the end of this program, attendees will be able to:

  • Answer questions tested on Part 3 of the CIA exam
  • Apply practical knowledge and skills to aid in a successful exam experience

Program level: Basic

Prerequisites: Knowledge of the CIA Exam Syllabus

Advanced Preparation: None

Instructional Method: Group-live

Recommended CPE credit to be awarded for the program: Field of Study – Accounting (6 CPE), Information Technology (6 CPE), Business Management (6 CPE), Risk Management (2 CPE), Governance (2 CPE), Auditing (2)

Program registration requirements: Contact Client to register.

Course Outline (24 CPE):

Day 1

1Introduction to CIA Part 3 & Study Tips

2Accounting Essentials (10 – 20% - Awareness Level)

  1. Financial Accounting and Finance
  2. Basic concepts and underlying principles of financial accounting (statements, terminology, relationships)
  3. Intermediate concepts of financial accounting (bonds, leases, pensions, intangible assets, research and development)
  4. Advanced concepts of financial accounting (consolidations, partnerships, foreign currency transactions)
  5. Financial statement analysis
  • Types of debt and equity
  • Financial instruments (derivatives)
  • Cash management
  • Valuation models
  • Business valuation
  • Inventory valuation
  • Capital budgeting (cost of capital evaluation)
  • Taxation schemes (tax shelters, VAT)
  • Managerial Accounting
  • General concepts
  • Costing systems (activity-based, standard)
  • Cost concepts (absorption, variable, fixed)
  • Relevant cost
  • Cost-volume-profit analysis
  • Transfer pricing

3Governance / Business Ethics (5 – 15% - Proficiency / Awareness Level)

  1. Corporate / Organizational Governance Principles
  2. Environmental and Social Safeguards
  3. Corporate Social Responsibility

4Communication (5 – 10% Awareness Level)

  1. Communication (e.g. the process, organizational dynamics, impact of computerization)
  2. Stakeholder Relationships

Day 2

5Information Technology / Business Continuity (15 – 25% - Awareness & Proficiency Level)

  1. Security
  2. Physical/system security (e.g., firewalls, access control)
  3. Information protection (e.g., viruses, privacy)
  4. Application authentication
  5. Encryption
  6. Application Development
  7. End-user computing
  8. Change control (Proficiency Level)
  9. Systems development methodology (Proficiency Level)
  10. Application development (Proficiency Level)
  11. Information systems development
  12. System Infrastructure
  13. Workstations
  14. Databases
  15. IT control frameworks (e.g., eSAC, COBIT)
  16. Functional areas of IT operations (e.g., data center operations)
  17. Enterprise-wide resource planning (ERP) software (e.g., SAP R/3)
  18. Data, voice, and network communications/connections (e.g., LAN, VAN, and WAN)
  19. Server
  20. Software licensing
  21. Mainframe
  22. Operating systems
  23. Web infrastructure
  24. Business Continuity
  25. IT contingency planning

6Management / Leadership Principles (10-20%)

  1. Strategic Management
  2. Global analytical techniques
  3. Industry environments
  4. Strategic decisions
  5. Forecasting
  6. Quality management (e.g., TQM, Six Sigma)
  7. Decision analysis
  8. Organizational Behavior
  9. Organizational theory (structures and configurations)
  10. Organizational behavior (e.g., motivation, impact of job design, rewards, schedules)
  11. Group dynamics (e.g., traits, development stages, organizational politics, effectiveness)
  12. Knowledge of human resource processes (e.g., individual performance management, supervision, personnel sourcing/staffing, staff development)
  13. Risk/control implications of different leadership styles
  14. Performance (productivity, effectiveness, etc.)
  15. Management Skills/Leadership Styles
  16. Conflict Management
  17. Conflict resolution (e.g., competitive, cooperative, and compromise)
  18. Negotiation skills
  19. Conflict management
  20. Added-value negotiating
  21. Project Management / Change Management
  22. Change management
  23. Project management techniques

Day 3

7Risk Management (10 – 20% - Proficiency Level)

  1. Risk Management Techniques
  2. Organizational Use of Risk Frameworks

8Organizational Structure / Business Processes and Risk (15 – 25% - Awareness Level)

  1. Risk / Control Implications of Different Organizational Structures
  2. Structures (e.g. centralized / decentralized)
  3. Typical Schemes in Various Business Cycles (e.g. procurement, sales, knowledge, supply-chain management)
  4. Business Process Analysis (e.g. workflow analysis and bottleneck management, theory of constraints)
  5. Inventory Management Techniques and Concepts
  6. Electronic Funds Transfer (EFT) / Electronic Data Interchange (EDI) / E-commerce
  7. Business Development Life Cycles
  8. The International Organization for Standardization (ISO) Framework
  9. Outsourcing Business Processes

9Global Business Environment (0-10% - Awareness Level)

  1. Economic / Financial Environments
  2. Global, multinational, international, and multi-local compared and contrasted
  3. Requirements for entering the global marketplace
  4. Creating organizational adaptability
  5. Managing training and development
  6. Cultural / Political Environments
  7. Balancing global requirements and local imperatives
  8. Global mindsets (personal characteristics/competencies)
  9. Sources and methods for managing complexities and contradictions.
  10. Managing multicultural teams
  11. Legal and Economics — General Concepts (e.g., contracts)
  12. Impact of Government Legislation and Regulation on Business (e.g., trade legislation)

10Summary of Test Taking Tips and Focus Areas

CPE:

Raven Global Training is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:

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