Wiley CIAexcel Exam Review 2015 Focus Notes, Part 1: Internal Audit Basics

Wiley CIAexcel Exam Review 2015 Focus Notes, Part 1: Internal Audit Basics (Wiley CIA Exam Review Series)

Author: S. Rao Vallabhaneni
ISBN-10: 1119095263
ISBN-13: 9781119095262
Edition: 4
Release: February 16, 2015
Format: Spiral-bound (304 pages
Preface vii

CIA Exam Study Preparation Resources ix

CIA Exam-Taking Tips and Techniques xiii

CIA Exam Content Specifications xv

Domain 1 Mandatory Guidance (35–45%) 1
Definition of Internal Auditing 1
International Standards 2
IIA’s Code of Ethics 135
Domain 2 Internal Control and Risk (25–35%) 138
Types of Controls 138
Management Control Techniques 156
Internal Control and Alternative Control Frameworks 160
Risk Vocabulary and Concepts 180
Fraud Risk Awareness 191
Risk Factors, Red Flags, and Symptoms of Fraud 193
Acts, Traits, and Profiles of Fraud Perpetrators 204
Domain 3 Conducting Internal Audit Engagements—Audit Tools and Techniques (28–38%) 210
Data-Gathering Tools and Techniques 210
Data Analysis and Interpretation 226
Process Mapping 257
Audit and Legal Evidence 263
Appendix Sarbanes-Oxley Act of 2002 273
Title II—Auditor Independence 274
Title III—Corporate Responsibility 275
Title IV—Enhanced Financial Disclosures 277
About the Author 279
Index 281
Book Description
Supplement your exam preparations with highly-targeted notes Wiley CIA Exam Review 2015 Focus Notes: Part 1, Internal Audit Basics is a clear, concise supplement to the Wiley CIA Exam Review text. This easy-to-read resource assists you in digesting the incredible amount of knowledge necessary to pass the first part of the Certified Internal Auditor (CIA) examination, which is centered upon the basics of internal audits. You will review information, skills, and abilities—also called KSAs—that support the materials provided in the Wiley CIA Exam Review text. With organization that mirrors the review books and approachable content, this is a tried and true study aid that will bolster your exam prep schedule. The CIA exam, a program of the Institute of Internal Auditors, measures the knowledge, skills, and competency required in the field of internal auditing. This exceedingly challenging examination, if passed, earns you the designation of Certified Internal Auditor, which is the only globally accepted certification designation for internal auditors and is the standard against which today’s auditing professionals demonstrate their capabilities. As the exam is the most comprehensive review of this profession, it is critical that you have the right study materials to prepare for the test. Review the basics of internal audits Supplement your current knowledge with extended information regarding key skills and abilities Leverage content that has been updated to reflect recent exam changes Approach your exam preparations in an organized, targeted manner Wiley CIA Exam Review 2015 Focus Notes: Part 1, Internal Audit Basics is a fundamental resource for anyone taking the CIA exam.