Conducting the Internal Audit Engagement

Professional Education Classes - Professional Development

This is the second of four modular-based courses designed to prepare participants for success on the four part Certified Internal Auditor (CIA) examination. Key areas covered in this course include Conducting engagements, Conducting specific engagements, Monitoring engagement outcomes, fraud knowledge elements, and Engagement tools. The course utilizes enriched educational experience, most current information and business tools that are immediately applicable in any organization or business environment. Ultimately, the Certified Internal Auditor (CIA) credential is the only globally accepted designation for internal auditors. It is the standard by which internal auditing professionals demonstrate their competency and professionalism in the internal auditing field.

Textbook: The IIA's CIA Learning System

Instructor: Robert Riegel, Jr.
2 session(s): Sat: Mar 6-13 / 9:00 am-5:00 pm
Registration fee: $695       

Who should attend

Chief Audit Executives, Audit managers and staff, Audit Directors, Risk management staff, business, finance and accounting students. Ultimately, any professional in business who is seeking preparation for the CIA examination or career changers wishing to enter the internal audit field with appropriate training and credentials.

You should take this class if:

I you would benefit professionally from achieving the full CIA designation by passsing this section of the examination.

After this class, you will be able to

• To prepare participants for success on the relevant section of the CIA examination by increasing their auditing skills and knowledge in the following areas:
• Conducting engagements
• Conducting specific engagements
• Monitoring engagement outcomes
• Understanding fraud knowledge elements
• Utilizing engagement tools

What will be covered

• Conducting Engagements - all areas are Level P
  Researching and applying appropriate standards
  Maintaining awareness of the potential for fraud when conducting an engagement
  Collecting data
  Evaluating the relevance, sufficiency and competence of evidence
  Analyzing and interpreting data
  Developing work papers
  Reviewing work papers
  Communicating interim progress
  Drawing conclusions
  Developing recommendations when appropriate
  Reporting engagement results
  Conducting client satisfaction surveys
  Completing performance appraisals of engagement staff

• Conducting Specific Engagaments - both areas are Level P
  Conducting Assurance Engagements
  Conducting Consulting Engagements

• Monitoring Engagement Outcomes - all areas are Level P
  Determining appropriate follow-up activity by the IA activity
  Identifying appropriate method(s) for monitoring engagement outcomes
  Conducting follow-up activity
  Communicating monitoring pland and results

• Understanding Fraud Knowledge Elements
  Discovery Sampling (Level A)
  Interrogation Techniques (Level A)
  Forensic Auditing (Level A)
  Using computers to analyze data (Level P)
  Red Flags (Level P)
  Types of fraud (Level P)

• Engagement Tools
  Sampling (Level A)
  Statiscal Analysis (Process Control Techniques) (Level A)
  Data Gathering Tools (Level P)
  Analytical Review Techniques (Level P)
  Observation (Level P)
  Problem Solving (Level P)
  Risk and Control Self-assessment (Level A)
  Computerized Audit Tools and Techniques (Level P)
  Process Mapping including flowcharting (Level P)

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