Why The IIA-CIA-Part 1 Internal Auditing Basics

The IIA-CIA-Part1, Internal Auditing Basics is the first part of the IIA’s CIA Learning System of the Institute of Internal Auditors very own premier quality CIA review course. It was specifically designed by experts where they can discuss not only part 1, but the entire 3 parts of the system, to CIA candidates and internal auditors who want to broaden and enhance their knowledge and skills on the essentials of Internal Auditing.

As a whole, The IIA-CIA-Part1, Internal Auditing Basics exam could not be disclosed, and the exam questions and topics are subject to change as approved by the board. The candidate is given 2.5 hour or 150 minutes to answer 125 test questions in the proctored exam and include topics mandated by the IPPF, such as risk concepts and internal control, as well as tools and techniques in doing internal audit.

Gaining this essential IIA-CIA-Part1, Internal Auditing Basics certification can greatly enhance your competency and make you stand out in your chosen field.

Who can benefit from it?

• Chief Audit Executives
• Audit Directors
• Audit Managers
• Audit Staff
• Risk Management Staff
• Operational Staff who transition to internal audit
• Students enrolled in business, accounting or financial courses

These accountants and other professionals with related work experience and credentials will surely excel after being certified.

Part 1 Basic Internal Audit Course Topics:

Mandatory Guidance (35%-45%)

• Definition of Internal Auditing
• Code of Ethics
• International Standards

Internal Control and Risk (25%-35%)

• Types of Controls
• Management Control Techniques
• Internal Control Framework Characteristic and Use
• Alternative Control Frameworks
• Risks Vocabulary and Concepts
• Fraud Risk Awareness

Conducting Internal Audit Engagements – Tools and Techniques (28%-38%)

• Data Gathering
• Data Analysis and Interpretation
• Data Reporting
• Documentation
• Process Mapping
• Evaluate Relevance, Sufficiency and Competence of Evidence

How to prepare for the exam?

People get nervous whenever they are faced with structured examinations and a set time limitation. Most people want to gear up way ahead to make sure that their efforts would not be futile. Be sure to get your hands on the latest training kits and PDF guides that can arm you with the right information related to the subject, and also practice tests that can increase your confidence in test-taking. Since this specific certification exam tests your knowledge and ability in doing appraisals, the internet can help lighten a candidate’s load by providing a wide array of study materials and sets of questions and answers provided by experts in the field, to prepare candidates for what lies ahead. Most vendor sites offer study materials in pdf format so that it can be accessed by any device they are using that have been installed with the Adobe Acrobat Reader. Access to training kits has definitely been made convenient for all of us who are glued to our computers, laptops, tablets or smartphones.

Upon making the decision to take the exam, commensurate preparation is needed to pass such a complex one like the IIA-CIA-Part1, Internal Auditing Basics. But most take the giant leap because of the significant help it can do to anyone’s career. It can catapult your career to the top by belonging to a globally renowned organization that is given its due respect and credibility, and honours qualified auditors the salary they truly deserve. And honestly, the salary is not that bad at around 40% higher than the ones without the certification.

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