Internal auditing: Performing the Engagement (CIA) Part 2 faq

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Discover the secrets to conducting effective internal audits with the course "Internal Auditing: Performing the Engagement (CIA) Part 2." This course dives deep into the process of conducting internal audits in accordance with international internal audit standards. Learn the fundamental principles, data collection procedures, and analysis techniques necessary for a successful audit engagement. Understand the challenges of audit engagement supervision and how to document audit results effectively. This course is a critical component of the Certified Internal Auditor program, accounting for 40% of Part 2. Don't miss out on this opportunity to enhance your auditing skills and advance your career.

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Course Feature Course Overview Course Provider Discussion and Reviews
Go to class

Course Feature

costCost:

Paid

providerProvider:

Udemy

certificateCertificate:

Paid Certification

languageLanguage:

English

start dateStart Date:

2022-05-12

Course Overview

❗The content presented here is sourced directly from Udemy platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.

Updated in [September 15th, 2023]

What does this course tell?
(Please note that the following overview content is from the original platform)
Internal auditing: Performing the Engagement (CIA) Part 2 delves into the process of conducting internal audits in accordance with international internal audit standardsThe course will begin with articles to read to remind you of the main fundamental principles such as the Definition of internal auditPrinciples of the Code of EthicsThe role of internal audit in the risk management processThe role of internal audit in the evaluation of the internal control systemThe information-gathering procedure of an audit engagement will be covered in this courseThis is a critical component since it will outline the processes to take and the instruments available to auditors in collecting data for an audit engagementWell look at audit sample approaches in this section of the data collectionAuditors frequently need to test a sample of a population before applying the results to the entire population when implementing testing methodsAs a result different sampling techniques are suited for various scenariosThe training also covers the part of the process that involves analyzing and evaluating the data gatheredRoot Cause Analysis analytical Review techniques variations Trends and Regression Analysis are all covered in this partThe different formats of audit evidence and how to document audit evidence so that it may be utilized as evidence to support the auditors conclusion and opinion will also be coveredObjectives for learning1 Know how to conduct an internal audit in accordance with international internal auditing standards2 Describe the data collection procedure for an internal audit3 Analyze and evaluate the information gathered during the audit4 Understand the challenges surrounding audit engagement supervision and document audit results5 Understand part 2 of the Certified Internal Auditor program particularly Performing the engagement which accounts for 40% of part 2

We consider the value of this course from multiple aspects, and finally summarize it for you from three aspects: personal skills, career development, and further study:
(Kindly be aware that our content is optimized by AI tools while also undergoing moderation carefully from our editorial staff.)

What skills and knowledge will you acquire during this course?
By taking this course, the student will acquire the skills and knowledge necessary to conduct an internal audit in accordance with international internal auditing standards. They will learn how to collect data for an audit engagement, analyze and evaluate the information gathered, understand the challenges surrounding audit engagement supervision, and document audit results. Additionally, the student will gain an understanding of the Certified Internal Auditor program, particularly the Performing the Engagement section, which accounts for 40% of Part 2.

How does this course contribute to professional growth?
This course, "Internal auditing: Performing the Engagement (CIA) Part 2," contributes significantly to professional growth. By delving into the process of conducting internal audits in accordance with international internal audit standards, the course equips professionals with the necessary knowledge and skills to excel in their roles as internal auditors.

One of the key ways this course contributes to professional growth is by reinforcing fundamental principles. Through articles and readings, professionals are reminded of important principles such as the definition of internal audit, the principles of the Code of Ethics, and the role of internal audit in the risk management process. This reinforcement helps professionals strengthen their understanding of these principles and apply them effectively in their work.

The course also focuses on the information-gathering procedure of an audit engagement. This is a critical component as it outlines the processes and instruments available to auditors in collecting data for an audit engagement. By learning about audit sample approaches and different sampling techniques, professionals gain the skills to effectively test a sample of a population before applying the results to the entire population. This enhances their ability to implement testing methods accurately and efficiently.

Furthermore, the course covers the analysis and evaluation of the data gathered during an audit. Professionals learn about root cause analysis, analytical review techniques, variations, trends, and regression analysis. These analytical skills enable professionals to interpret and evaluate the data effectively, leading to valuable insights and recommendations for improvement.

Another aspect of professional growth addressed in this course is the documentation of audit evidence. Professionals learn about the different formats of audit evidence and how to document it in a way that can be utilized as evidence to support their conclusions and opinions. This skill is crucial in ensuring the credibility and reliability of audit findings.

Lastly, the course addresses the challenges surrounding audit engagement supervision and the documentation of audit results. By understanding these challenges and learning how to overcome them, professionals can enhance their ability to effectively manage and supervise audit engagements, ensuring high-quality results.

Overall, this course contributes to professional growth by providing professionals with the necessary knowledge, skills, and tools to conduct internal audits in accordance with international internal audit standards. It strengthens their understanding of fundamental principles, enhances their data collection and analysis abilities, and equips them with the skills to overcome challenges in audit engagement supervision and documentation.

Is this course suitable for preparing further education?
Yes, this course is suitable for preparing further education. It covers the fundamentals of internal auditing, such as the Definition of Internal Audit, Principles of the Code of Ethics, the role of Internal Audit in the Risk Management Process, and the role of Internal Audit in the Evaluation of the Internal Control System. Additionally, it covers the information-gathering procedure of an audit engagement, audit sample approaches, different sampling techniques, analyzing and evaluating the data gathered, different formats of audit evidence, and how to document audit evidence. Finally, it covers objectives for learning related to the Certified Internal Auditor program, particularly Performing the Engagement, which accounts for 40% of Part 2.

Course Syllabus

introduction and key concepts

Information Gathering

Analysis and Evaluation

Documentation, Develop Engagement Conclusions and Supervision techniques

Course Provider

Provider Udemy's Stats at AZClass

Discussion and Reviews

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faq FAQ for Internal Auditing Courses

Q1: Does the course offer certificates upon completion?

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