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Part 3 - Business Knowledge for Internal Auditing S1 - Finance & IT

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Module Description

Study Method: Training Center Location
Awarding Body: Certified Internal Auditor
"We train you to become professional auditors - Not just to pass exams"

This course is the 1st of 2 courses covering Part 3 of the Certified Internal Auditor course, specifically Finance & IT.

BHBi Training 

BHBi offers training through a supported distance online delivery system, and also through a face to face classroom approach. These delivery methods, combined with the professionalism of our highly experienced tutors, have proven to be the most effective on the UK market with BHBi students achieving the highest Pass Rates in the UK's IIA Diploma and IIA Advanced Diploma exams.

"Training with BHBI's highly experienced tuition team - with an industry leading track record in achieving examination success"

Candidates enrolling on BHBi's tuition delivery program will be assigned a dedicated tutor, will receive access to BHBi's online training system with lots of video content, and in the case of face to face classroom training will attend workshops at our training venues with high quality experienced professionals where refreshments and lunch will be provided. BHBi will prepare you for undertaking the 3 Parts of the CIA exams. 

This course will prepare you for the following sections of Part 3 of the Certified Internal Audit Qualifications:

 11. Information Security
 111. Information Technology
 IV. Financial Management

Please see the Part 3 syllabus below for a detailed breakdown of the areas covered.

Here is a breakdown of:

Part 3 of the Certified Internal Auditor Course:

Questions 100 questions 
Time 2 Hours (120 minutes)

The new CIA exam Part 3 topics tested include governance and business ethics; risk management; organisational structure, including business processes and risks; communication; management and leadership principles; information technology and business continuity; financial management; and the global business environment. Note: All items in this section of the syllabus will be tested at the Awareness knowledge level unless otherwise indicated below.

Note, all items in this section of the syllabus will be tested at the: 
Proficient  Proficiency Knowledge Level  
Basic Or Basic Level 

CIA course part 1

I. Business Acumen (Approximately 35%)

1. Organisational Objectives, Behaviour and Performance

A. The Strategic Planning Process and Key Activities Basic

B. Common Performance Measures Proficient

C. Organisational Behaviour and Performance Management Techniques Basic

D. Management Effectiveness in Leadership Skills Basic

2 Organisational Structure and Business Processes

A. The Risk and Control Implications of Different Organisational Structures Basic

B. The Risk and Control Implications of Common Business Processes Proficient

C. Project Management Basic

D. Forms and Elements of Contracts Basic

3. Data Analytics

A. The Value of Using Data Analytics in Internal Auditing Basic

B. The Data Analytics Process Basic

C. Data Analytics Methods Basic

Risk Management

A. Risk Management Techniques

B. Organisational Use of Risk Frameworks

Organisational Structure/Business Processes and Risk

A. Risk/Control Implications of Different Organisational Structures

B. Structure (e.g., centralized/decentralized)

C. Typical Schemes in Various Business Cycles (e.g., procurement, sales, knowledge, supply-chain management)

D Business Process Analysis (e.g., workflow analysis and bottleneck management, theory of constraints)

E. Inventory Management Techniques and Concepts

F. Electronic Funds Transfer (EFT)/Electronic Data Interchange (EDI)/E-commerce

G. Business Development Life Cycles

H. The International Organisation for Standardization (ISO) Framework

I. Outsourcing Business Processes


A. Communication (e.g., the process, organisational dynamics, impact of computerization)

B. Stakeholder Relationships

Management / Leadership Principles

A. Strategic Management

  1. Global analytical techniques
    1. Structural analysis of industries
    2. Competitive strategies (e.g., Porter's model)
    3. Competitive analysis
    4. Market signals
    5. Industry evolution
  2. Industry environments
    1. Competitive strategies related to:
      1. Fragmented industries
      2. Emerging industries
      3. Declining industries
    2. Competition in global industries
      1. Sources/impediments
      2. Evolution of global markets
      3. Strategic alternatives
      4. Trends affecting competition
  3. Strategic decisions
    1. Analysis of integration strategies
    2. Capacity expansion
    3. Entry into new businesses
  4. Forecasting
  5. Quality management (e.g., TQM, Six Sigma)
  6. Decision analysis

B. Organisational Behaviour

  1. Organisational theory (structures and configurations)
  2. Organisational behaviour (e.g., motivation, impact of job design, rewards, schedules)
  3. Group dynamics (e.g., traits, development stages, organisational politics, effectiveness)
  4. Knowledge of human resource processes (e.g., individual performance management, supervision, personnel sourcing/staffing, staff development)
  5. Risk/control implications of different leadership styles
  6. Performance (productivity, effectiveness, etc.)

C. Management Skills/Leadership Styles

  1. Lead, inspire, mentor, and guide people, building organisational commitment and entrepreneurial orientation
  2. Create group synergy in pursuing collective goals
  3. Team-building and assessing team performance

D. Conflict Management

  1. Conflict resolution (e.g., competitive, cooperative, and compromise)
  2. Negotiation skills
  3. Conflict management
  4. Added-value negotiating

E. Project Management / Change Management

  1. Change management
  2. Project management techniques

II. Information Security (Approximately 25%)

A. Systems Security and IT General Control Basic

B. User Authentication and Authorisation Controls Basic

C. The Purpose and Use of Various Information Security Controls Basic

D. Data Privacy Laws Basic

E. Emerging Technology Practices Basic

F. Existing and Emerging Cybersecurity Risks Basic

G. Policies Related to Cybersecurity and Information Security Basic


III. Information Technology (Approximately 20%)

1. Application and System Software

A. Core Activities in the Systems Development Life Cycle Basic

B. Internet and Database Terms Basic

C. Characteristics of Software Systems Basic

2. IT Infrastructure and IT Control Frameworks

A. IT Infrastructure and Network Concepts Basic

B. Operational Roles of the Functional Areas of IT Basic

C. The Purpose and Applications of IT Controls and IT Control Frameworks Basic

3. Disaster Recovery and Business Continuity

A. Disaster recovery Planning Concepts Basic

B. The Purpose of Systems and Data Back Up Basic

C. The Purpose of Systems and Data Recovery Procedures Basic

IV. Financial Management (Approximately 20%)

1.  Financial Accounting and Finance

A. Concepts and Principles of Financial Accounting Basic

B. Advanced and Emerging Financial Accounting Concepts Basic

C. Financial Analysis (Ratio Analysis) Proficient

D. Revenue Cycle, Current Asset Management Activities and Accounting. and Supply Chain Management Basic

E. Capital Budgeting, Capital Structure, Taxation, and Transfer Pricing Basic

2. Managerial Accounting

A. General Concepts in Managerial Accounting Basic

B. Costing Systems Basic

C. Costs and Their Use in Decision Making Basic

Module sessions

Date Month Location Price Enrol
09/07/2019 to 12/07/2019 July Cardiff £965
17/09/2019 to 20/09/2019 September Cardiff £965
18/11/2019 to 21/11/2019 November Cardiff £965
17/02/2020 to 20/02/2020 February Cardiff £985

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Accredited By

CIPFA Accredited
leadership management wales
chartered management institute approved
institute of consulting approved
institute of consulting premier practice
leadership management wales
institute of consulting approved

In Partnership With

institute of internal auditors

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Mark Barnes

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