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

CIA exam prep with the most comprehensive guide on the market Wiley CIA Exam Review 2015: Part 1, Internal Audit Basics is an easy-to-read yet comprehensive resource that guides you through the knowledge, skills, and competencies you need to pass the first part of the Certified Internal Auditor (CIA) exam. This test prep resource covers the following: compliance with the Institute of Internal Auditors' attribute standards, determination of priorities through risk-based planning, the role of internal auditing in organizational governance, performance of key internal audit roles and responsibilities, governance, risk, and control knowledge elements, and audit engagement planning. Part one of a series of CIA exam study materials, this particular text focuses on internal audit basics in an approachable yet informative tone. The CIA examination is an incredibly difficult certification test, and the designation of CIA is highly regarded throughout the industry due to the challenge that this examination presents. As the only global standard for the internal audit field, earning the designation of CIA is a major milestone in your career. To achieve this goal, it is imperative that you have the best test prep materials on hand. * Review key concepts regarding internal audit issues, risks, and remedies * Understand how the internal audit contributes to governance, risk, and control * Discover comprehensive sections on internal audit theory * Access hundreds of practice questions to test your knowledge Wiley CIA Exam Review 2015: Part 1, Internal Audit Basics will prepare you to sit for one of the most challenging examinations in the industry.

Table of Contents:
Preface vii CIA Exam Study Preparation Resources xi CIA Exam-Taking Tips and Techniques xiii CIA Exam Content Specifications xv Domain 1 Mandatory Guidance 1 1.1 Definition of Internal Auditing 1 1.2 International Standards 1 1.3 Code of Ethics 67 1.4 Sample Practice Questions 70 Domain 2 Internal Control and Risk 75 2.1 Types of Controls 75 2.2 Management Control Techniques 104 2.3 Internal Control and Alternative Control Frameworks 107 2.4 Risk Vocabulary and Concepts 120 2.5 Fraud Risk Awareness 125 2.6 Sample Practice Questions 139 Domain 3 Conducting Internal Audit Engagements 141 3.1 Data-Gathering Tools and Techniques 141 3.2 Data Analysis and Interpretation 170 3.3 Process Mapping 189 3.4 Audit and Legal Evidence 193 3.5 Sample Practice Questions 201 Sample Practice Questions, Answers and Explanations 207 Glossary 231 Index 253

About the Author :
S. RAO VALLABHANENI is an educator, author, publisher, consultant, and practitioner in business with more than thirty years of management and teaching experience in auditing, accounting, manufacturing, and IT consulting in both public and private sectors. He is the author of more than sixty trade books, study guides, review guides, monographs, audit guides, and articles in auditing and IT. He holds twenty-four professional certifications in business management in Accounting, Auditing, Finance, Information Technology, Manufacturing, Quality, and Human Resource fields.