Back to the course Enrol for this module

Module Description

"We train you to become professional auditors - Not just to pass exams"

This course is the 2nd of 3 courses covering Part 3 of the Certified Internal Auditor, specifically Financial Management & Managerial Accounting.


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.

Expert Tuition
Facilitator Lead Classes
Online Learning Management System

"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 section of Part 3 of the Certified Internal Auditor qualification:

 I. Governance / Business Ethics
 II. Risk Management
 III. Organisational Structure Business Processes and Risks
 IV. Communication
 V. Management / Leadership Principles
 VIII. Global Business Environment

Please see below for the full details of the Part 3 syllabus. 

Here is a breakdown of:

Part 3 of the Certified Internal Auditor Course:

100 questions 
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: 
 Proficiency Knowledge Level  
 Or Basic Level 

I. Business Acumen (Approximately 35%)

1. Organisational Objectives, Behaviour and Performance

A. The Strategic Planning Process and Key Activities

B. Common Performance Measures

C. Organisational Behaviour and Performance Management Techniques

D. Management Effectiveness in Leadership Skills

2 Organisational Structure and Business Processes

A. The Risk and Control Implications of Different Organisational Structures

B. The Risk and Control Implications of Common Business Processes

C. Project Management

D. Forms and Elements of Contracts

3. Data Analytics

A. The Value of Using Data Analytics in Internal Auditing

B. The Data Analytics Process

C. Data Analytics Methods

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

Communication

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

B. User Authentication and Authorisation Controls

C. The Purpose and Use of Various Information Security Controls

D. Data Privacy Laws

E. Emerging Technology Practices

F. Existing and Emerging Cybersecurity Risks

G. Policies Related to Cybersecurity and Information Security

III. Information Technology (Approximately 20%)

1. Application and System Software

A. Core Activities in the Systems Development Life Cycle

B. Internet and Database Terms

C. Characteristics of Software Systems

2. IT Infrastructure and IT Control Frameworks

A. IT Infrastructure and Network Concepts

B. Operational Roles of the Functional Areas of IT

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

3. Disaster Recovery and Business Continuity

A. Disaster recovery Planning Concepts

B. The Purpose of Systems and Data Back Up

C. The Purpose of Systems and Data Recovery Procedures

IV. Financial Management (Approximately 20%)

1.  Financial Accounting and Finance

A. Concepts and Principles of Financial Accounting

B. Advanced and Emerging Financial Accounting Concepts

C. Financial Analysis (Ratio Analysis)

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

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

2. Managerial Accounting

A. General Concepts in Managerial Accounting

B. Costing Systems

C. Costs and Their Use in Decision Making

Module sessions

Back to the course Enrol for this module