By S. Rao Vallabhaneni

ISBN-10: 0470277068

ISBN-13: 9780470277065

ISBN-10: 0470413905

ISBN-13: 9780470413906

The qualified inner Auditor (CIA) is the one globally permitted certification designation for inner auditors and is still the traditional in which contributors show their competency and professionalism within the inner auditing box. The Wiley CIA examination evaluation concentration Notes, quantity 1: inner Audit Activity's position in Governance, probability, and Control enhances and supplementations the prevailing Wiley CIA examination overview books and prepares you for half 1 of the CIA examination with necessary outlines, innovations, instruments and methods, and criteria.

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Extra resources for Wiley CIA Exam Review Focus Notes: Internal Audit Activity's Role in Governance, Risk and Control (Wiley Cia Exam Review. Volume 1)

Example text

Internal auditors should have knowledge of key information technology risks and controls and available technology-based audit techniques to perform their assigned work. A3). C1). 1 Focus on: Comply with the IIA’s Attribute Standards (15–25%) 22 Due Professional Care Internal auditors should apply the care and skill expected of a reasonably prudent and competent internal auditor. Due professional care does not imply infallibility (IIA Standard 1220). A2). The internal auditor should be alert to the significant risks that might affect objectives, operations, or resources.

A small internal audit activity may be managed informally. Its audit staff may be directed and controlled through daily, close supervision and written memoranda. In a large internal audit activity, more formal and comprehensive policies and procedures are essential to guide the audit staff in the consistent compliance with the internal audit activity’s standards of performance. 2 Focus on: Establish a Risk-Based Plan to Determine the Priorities of the Internal Audit Activity (15–25%) 33 COORDINATION • Internal and external auditing work should be coordinated to ensure adequate audit coverage and to minimize duplicate efforts.

C1). C2). 1 Focus on: Comply with the IIA’s Attribute Standards (15–25%) 21 Proficiency and Due Professional Care Proficiency Internal auditors should possess the knowledge, skills, and other competencies needed to perform their individual responsibilities. The internal audit activity collectively should possess or obtain the knowledge, skills, and other competencies needed to perform its responsibilities (IIA Standard 1210). A1). A2). Internal auditors should have knowledge of key information technology risks and controls and available technology-based audit techniques to perform their assigned work.

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Wiley CIA Exam Review Focus Notes: Internal Audit Activity's Role in Governance, Risk and Control (Wiley Cia Exam Review. Volume 1) by S. Rao Vallabhaneni


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