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How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
How to prepare for and pass the CIA exam based on the 2011 IPPF?
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How to prepare for and pass the CIA exam based on the 2011 IPPF?

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  • 1. How to prepare for and pass theCIA (Certified Internal Auditor) exam based on the 2011 IPPF? + Iyad Mourtada, CIA, CMA, CFE, CPLP
  • 2. + • Globally recognized certification for internal auditors • Sponsored by the IIA • Based on the IPPF 2011 • More than 100,000 CIAs worldwide • Computer-based testing (CBT) • In Arabic soon …
  • 3. + THE CIA EXAM CONTENT Part 1 The Internal Audit Activity’s Role in Governance, Risk & Control Part 2 Conducting the Internal Audit Engagement Part 3 Business Analysis and Information Technology Part 4 Business Management Skills
  • 4. Part1:The Internal Audit Governance, Risk,Activity’s Role in and Control Plan Engagements (15-25%)Governance, Risk Knowledge Elements (15-25%)& Control Perform Other Internal Audit Roles Comply with The +(0-10%) and Responsibilities IIAs Attribute Standards (15-25%) Understand theP= Candidates must exhibit Internal Audit Establish a Risk- proficiency (thorough Activitys Role in based understanding and ability Organizational Plan to Determine to apply concepts) Governance the Priorities of the (10-20%) Internal Audit Activity (15-25%)
  • 5. Part2:Conducting theInternal Audit Engagement Tools ConductEngagement (15-25%) Engagements (25-35%) Fraud Knowledge Elements (5-15%) Conduct SpecificP= Candidates must exhibit Engagements proficiency (thorough Monitor (25-35%) understanding and ability Engagement to apply concepts) Outcomes (5-15%)
  • 6. Part3:The Business BusinessAnalysis and Information ProcessesInformation Technology - IT (15-25%) (30-40%)Technology Financial Accounting and Finance (15-25%)A= Candidates must exhibit Regulatory, Legal, awareness (knowledge of and Economics terminology and Managerial fundamentals) (5-15%) Accounting (10-20%)
  • 7. Part4:Business NegotiatingManagement Skills (5-15%) Strategic Management (20-30%) Management Skills (20-30%) Global Business EnvironmentsA= Candidates must exhibit awareness (knowledge of (15-25%) Organizational terminology and fundamentals) Behavior (15-25%)
  • 8. + Overview of the IIA Standards Attribute Standards: • Purpose, Authority and Responsibility_______________(1000) • Independence and Objectivity______________________ (1100) • Proficiency and Due Professional Care _____________ (1200) • Quality Assurance and Improvement Program______ (1300) Performance Standards: • Managing the Internal Audit Activity________________(2000) • Nature of Work _____________________________________(2100) • Engagement Planning______________________________(2200) • Performing the Engagement________________________(2300) • Communicating Results ___________________________ (2400) • Monitoring Progress_______________________________ (2500) • Resolution of Management’s Acceptance of Risks___ (2600)
  • 9. IPPF Changed in January 2011:• 3 new Standards• 15 changes to existing Standards• 2 deletions of the existing Standards • 6 changes to existing Glossary terms Total = 26 changesChanges will be tested on the CIA exam effective July 1, 2011
  • 10. + Summary Of Changes   Organizational Independence   Quality Assessments   Auditor opinions   Audit responsibility   Risk Management   Additional Changes
  • 11. + Organizational Independence  Revised Attribute Standard 1000 – Purpose, Authority and Responsibility(Nature of the chief audit executive’s functional reportingrelationship with the board)
  • 12. + Organizational Independence  Revised Attribute Standard 1110 – Organizational Independence(Emphasis is placed on the Chief Audit Executive’s (CAE)organizational independence by recommending functional reportingto the board.)
  • 13. + Quality Assessments  Revised Attribute Standard 1312 - External Assessments(The requirements of external assessments)
  • 14. + Quality Assessments  Revised Attribute Standard 1321 - Use of “Conforms with the International Standards for the Professional Practice of Internal Auditing”(External service provider to demonstrate to management that a quality internal audit activity is maintained)
  • 15. + Auditor opinions  New Performance Standard 2010.A2 – Planning(CAE to understand key stakeholders expectations for opinions at the planning stage)
  • 16. + Auditor opinions  Revised Performance Standard 2410.A1 - Criteria for Communicating(The requirements of communicating the opinion)
  • 17. + Auditor opinions  New Performance Standard 2450 - Overall Opinions(The requirements of the overall opinion)
  • 18. + Audit responsibility  New Performance Standard 2070 - External Service Provider and Organizational Responsibility for Internal Auditing(Ensure that organizations maintain responsibility for their internalaudit function when it is outsourced.)
  • 19. + Risk Management  Revised Performance Standard 2120 – Risk Management(Understanding of the organization’s risk management processes andtheir effectiveness.)
  • 20. + Additional Changes Glossary:   Add Value   Independence
  • 21. + Additional Changes Glossary:   Chief Audit Executive
  • 22. + New Practice Guides:  Auditing Executive Compensation and Benefits  Evaluating Corporate Social Responsibility / Sustainable Development  Internal Auditing and Fraud  GTAG 15: Information Security Governance  GTAG 14: Auditing User Developed Applications  GTAG 13: Fraud Prevention and Detection in an Automated World IIA members can download them for free from the Standards and Guidance section of The IIA’s website: www.theiia.org/StandardsAndGuidance
  • 23. + The CIA Exam Format Topic Duration Type of Exam Part I The Internal Audit Activity’s Role in Governance, Risk and 2 hours 45 mins 100 multiple-choice questions Control Part II Conducting the Internal Audit Engagement 2 hours 45 mins 100 multiple-choice questions Part III Business Analysis and Information Technology 2 hours 45 mins 100 multiple-choice questions Part IV Business Management Skills 2 hours 45 mins 100 multiple-choice questions
  • 24.   Passing the Exam  Exam scoring: Scale of 250-750; 600+ required to pass the exam.  Professional Recognition Credit Professional Recognition Credit (PRC4) is available for Part 4 of the CIA Exam only. Full listing of approved certifications listed at: www.theiia.org/certification.  Maintaining Your CIA DesignationPracticing CIAs must complete a total of 80 hours of acceptable CPE every 2 years.
  • 25. + Eligibility & Requirements To sit for the exams •  Have a bachelors degree or •  Be in the final year of studies To become a CIA •  Pass Parts I, II, III and IV of the CIA Examination •  Complete two years of professional work experience (in internal audit or its equivalent) Note: A master’s degree or work experience in related business professions (accounting, law or finance) can be substituted for one year of experience
  • 26. + Exam Preparation Tips • Establish a regular study schedule • Pace yourself – don’t cram • Create your own flashcards with formulas or terms • Use CIA practice tests • Be sure to completely understand all concepts
  • 27. + Exam Strategy To pass the exam, you need: • Knowledge • Confidence • Effective Time Management
  • 28. + Exam-Taking Tips •  Budget your Time and don’t rush •  Trust your first impressions & avoid over-analyzing •  Pay close attention to wording of each question •  Answer a question in your mind before looking at answer options •  Look for words like “except,” “least” and “most” •  Eliminate obvious distracters (wrong answers) •  If uncertain, mark and return to question
  • 29. + Exam-Taking Tips • Answer all questions - No penalty for incorrect responses • Biggest risk: Spending too much time on one question • Maintain a positive mental outlook! • Use all of your time - Review, correct, go back to more difficult questions
  • 30. +iyad.mourtada@gmail.com        h1p://ae.linkedin.com/in/iyadmourtada    h1p://twi1er.com/iyadmourtada  h1p://www.youtube.com/Iyadmourtada  h1p://www.iyadmourtada.com  h1p://www.facebook.com/iyad.mourtada    iyadmourtada  

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