CIA Part 1 | Unit 2: Independence & Objectivity

This unit make up 40% of Part 1 of the CIA exam and are tested at the basic and proficient cognitive levels.

This study unit covers three domains from The IIA’s CIA Exam Syllabus: Domain II: Independence and Objectivity, Domain III: Proficiency and Due Professional Care, and Domain IV: Quality Assurance and Improvement Program.

Chapters:
0:00 Introduction
1:08 Overview
4:36 Syllabus
5:53 Independence
15:27 Objectivity
23:58 Proficiency and Competence
29:10 Due Professional Care and CPD
32:53 Quality Assurance and Improvement Program (QAIP)

IA Complete Videos:

CIA Summary Notes:

Other Videos:

Last but not least, I hope for your successes and accomplishments. May Allah bless you all. Do not be hesitant to share this with others who could also find it useful.

#iia #cia #audit #internalaudit

[andrewbajamundi]

🎯 Key Takeaways for quick navigation:

00:00 📚 The video covers Unit 1 of the IIA syllabus Part 1, which is a foundation for internal audit.
01:29 📊 Unit 1 comprises 15% of the entire syllabus and is crucial for CIA Part 1. Understanding it well can help you answer around 19 MCQs in the exam.
03:04 🌐 The International Professional Practices Framework (IPPF) is a critical framework for internal auditors, providing guidance on mission statements, mandatory and recommended guidance.
06:28 🎯 The mission statement of internal auditors focuses on enhancing and protecting organizational value, risk-based assurance, and objective advice and insight.
09:44 👥 Core principles for internal auditors include integrity, competence, objectivity, and independence.
13:36 ⚙️ Performance standards (2000 series) guide internal auditors on how to conduct their daily audit activities.
21:57 📝 The Code of Conduct for internal auditors includes principles like integrity, objectivity, confidentiality, and competence.
25:45 📜 Implementation and supplementation guidance help internal auditors apply standards effectively.
28:24 📑 Internal audit charters and audit committee charters serve distinct purposes, with the former outlining the roles and responsibilities of internal auditors within the organization.
28:52 📄 If there's no audit committee in your organization, the internal audit charter is approved by the board. This charter outlines the roles and responsibilities of internal auditors.
29:20 📋 The internal audit charter is a formal document defining the purpose, authority, and responsibilities of internal audit. Key components include objectives, nature of work (assurance and consulting), reporting structure, authority levels, access, and confidentiality.
30:56 📝 Discussing the charter with both management and the audit committee is essential. It not only safeguards the internal auditor but also communicates their roles and responsibilities across the organization.

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[goharali]

V well explained, thoroughly covered the syllabus especially through Syllabus MAP, Jazak Allah Sir !

[manojsinha]

Thanks. A lots of information and encouraging words for participants

[SandileZondi-hk]

This is an Amazing presentation, thank you. This brought a whole new way of learning the key concepts and I love how these are unpacked on your share. Thank you

[manojmathews]

Really worth listening to you..very informative. Thank you bro

[jarizoebanda]

You are heaven-sent, thank you for sharing your knowledge.

[jayalankacharitha]

Thank you very much Mr. Zaman. Highly appreciated 'your knowledge sharing

[muttoemmanuel]

Very excellent explanation. Been searching for a such intelligent presentation. Thanks and big up.

[motivationirfanullah]

Thanks so much for you incredible effort to make easier the concepts as much you can do, so keep shinning and grow in you future.

[amanslife]

Thankyou so much… god bless you…you putting so much efforts

[adetunjiademolaolufemi]

Thank you so much for this clear and concise explanation. It makes a whole lot of sense. Thanks bro

[zahermohammed]

very interesting explanation, Thank you

[shopper]

Very informative. Thanks a lot for your effort.

[abhishekshivani]

Very Insightful, thanks for uploading

[ansirasad]

Thank you for sharing such an amazing explanation.

[AbuSayedMalikMdMonsurulHakim]

Nice helpful presentation, Thanks a lot.

[MrSoulmate]

This is amazing. Thank you so much for the videos, one thing I would ask, I found over the web a Summary Notes written by you for Part 1, I am wondering if you have similar notes for parts 2 & 3 that you are willing to share, please.

[samvickey]

What is difference bw functional report and administration report ? Is it mandatory to cae to follow dual relationship?

[troym]

Thanks for this video... it is very helpful. Do you perhaps have any advise for CIA challenge exam for CISA holders?

[HandryRamampandrison]

good explaination anr more informative