Post on 02-Apr-2018
transcript
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TheattachedsummaryincludesthelayoutofthefirstCIAPart1Mas-terclass to be presented in selected regions across South Africa.
bY attending the masterclass, You will:• Increaseyourknowledgeandskillsintheareasofgovernance,
risk and control;• Stayontracktocompleteyourstudies;• Coverthecriticalelementsofthecomprehensivestudymaterials
with the IIA’s CIA learning system;• GainimmediateinsighttopracticalapplicationofCOSO’sInternal
Control framework, ISO 31 000 risk assessment methodology, and• Haveaccesstothemorethan30years’experienceofthe
Presenter in the field of Internal Auditing.
course objectivesThe IIA’s CIA Part 1 Masterclass is a condensed 4 hour presentation fo-cussing on the tools necessary to successfully prepare for the CIA exam. Important tools like COSO and ISO 31000, as well as King 2 and 3 are reviewed and summarised in easy-to-rememberand- apply formats. The Masterclass reviews all the critical areas of focus, and also covers some exam techniques needed.
program content as per cia learning sYstem
section i: mandatorY guidance
chapter a: definition of internal auditing and chapter b: code of ethics chapter introduction• Self-study,apartfromafiveminutesessiononthedefinition
of Internal Auditing and the analysis of some key words in the definition.
chapter c: international standards• SessioncoverstheimportantelementsoftheIIAStandardsina
high level focus session [max 20 mins].
section ii: internal control and risk
chapter a: types of controls and management control tech-niques• Sessionwillcovertheelementsofcontrol,withsomespecific
practical examples of the types of controls and types of management control techniques [maximum 10 mins].
chapter b: internal control framework characteristics and use• 20minsessionexplainingtheCOSO’sInternalControl—
Integrated Framework and covering other frameworks like King 2/3 as well as CoCo. Linakges between the control frameworks and the IIA Standards are covered as well.
chapter c: risk vocabulary and concepts• A30minsessiontoillustratetheriskassessmentconcepts.
ISO 31000 is used as the base tool, and links with COSO will be covered as well. The session focuses on practical application of risk assessment and its terminology.
chapter d: fraud risk awareness• Fraudredflagswillbecovered,buttherestofthecontent
regarding fraud will not be covered.
cia part 1 masterclass (video broadcast)duration: 1 daY cpd hours: 8
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section iii: conducting internal audit engagements—audit tools and techniques
chapter a: data gathering and process mappingTwo hours of the Masterclass will be used to cover the following in Section III:-• ReviewPreviousAuditReportsandOtherRelevant
Documentation as Part of a Preliminary Survey of the Engagement Area.
• DevelopChecklists/InternalControlQuestionnairesasPartofaPreliminary Survey of the Engagement Area.
• ConductEngagementRiskAssessmenttoAssureIdentificationofKey Risks and Controls.
• ConductSampling.• ConductProcessMapping,IncludingFlowcharting.
chapter b: evaluating relevance, sufficiency, and competence of evidence• Identifypotentialsourcesofevidenceandtheevaluationof
relevance, sufficiency, and competence of evidence
chapter c: data analysis and interpretation• Usecomputerizedaudittoolsandtechniques• Conductspreadsheetanalysisandtheuseofstatisticalanalysis/
process control techniques• Useanalyticalreviewtechniquesandhowtoconduct
benchmarking
chapter d: documentation/work papers• Selfstudy
chapter e: data reporting• ReporttestresultstoAuditor-in-Chargeandthedevelopmentof
conclusions regarding controls.
who should attend
All CIA candidates
level 1
Entry or introductory level for those requiring a fundamental understandingofthesubject.
level 2
Internal auditors who are already practicing internal audit and have abasicunderstandingofthesubject
level 3
Supervisory/competent/senior internal auditors: those who already have a sound, practical grasp of the fundamentals of internal audit-ingandmanagestaff
level 4
For advanced internal auditors: Auditors with excellent understand-ing of topics being presented, who are interested in exchanging knowledge with instructors and other participants
cia part 1 masterclass (video broadcast)