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Wiley CIAexcel Exam Review 2016 Focus Notes: Part 1, Internal Audit Basics

Wiley CIAexcel Exam Review 2016 Focus Notes: Part 1, Internal Audit Basics

S. Rao Vallabhaneni

ISBN: 978-1-119-24203-1

Nov 2015

304 pages

Select type: E-Book

$32.99

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Description

Essential review for the CIA exam

Wiley CIAexcel Exam Review 2016 Focus Notes: Part 1, Internal Audit Basics helps you prepare for the Certified Internal Auditor certification exam with concise, expert review of all three exam domains. The essential points in each topic area are summarized to help you quickly refresh your memory, and practice questions allow you to gauge your level of understanding while there is still time to review. Test-taking tips and techniques help you approach the exam with confidence, and content specifications show you what to expect on exam day.

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