One of the best ways to minimize mistakes is to correct those made in the past. This method particularly applies to studying for multiple-choice exams. Learning from the questions you answered wrong is just as important as identifying the questions you answered right. You must determine why you chose the incorrect answer so you may...Read More
The CIA exam is a nondisclosed exam. Nondisclosed means that the exam questions and solutions are NOT released after each examination. In order to keep our materials up-to-date and relevant to CIA candidates, we request feedback on our materials after each CIA exam. We need to know what topics need to be added or enhanced....Read More
Book the Hotel, Then Hit the Books! CIA exam candidates who live more than one hour away from the testing site should plan to reserve a hotel room for every night prior to their sitting for the exam. If you feel uncertain as to the precise location of the testing site, book rooms at several...Read More
SOX is Red Hot For Nonprofits The Sarbanes-Oxley Act of 2002 is prompting nonprofit organizations to examine their auditing procedures and to avoid even the smallest amount of misapplication. Drexel University, which was featured in this month’s Internal Auditor, has examined SOX and adopted the best principles to ensure that their organization is reliable and...Read More
“What is the Bradford Cadmus Memorial Award? What are the benefits of the award? May I nominate someone for this award? If so, how?” The Bradford Cadmus Memorial Award attributes its name to the memory of Bradford Cadmus, the original managing director of the Institute of Internal Auditors. The award recognizes individuals, regardless of their...Read More
“How do internal and external auditors differ and how should they relate?” Although they remain independent of the activities they audit, internal auditors are integral to the organization by providing continuous monitoring and assessment of all activities. External auditors, however, are entirely independent of the organization. They strictly assess an annual opinion on its financial...Read More
Develop and enforce standards in all of your endeavors. Learn to exercise control, either implicitly or explicitly. Most endeavors will improve with explicit control. This is particularly true with certification examinations. Practice your question answering techniques as you prepare answers/solutions to practice questions/problems during your study program. Develop explicit control over your study programs based...Read More
Endorsed Internal Auditing Programs The IIA sponsors Endorsed Internal Auditing Programs (EIAP) at colleges and universities that offer quality internal audit undergraduate- and/or graduate-level programs on a continuing basis. EIAP schools offer a curriculum of study in internal audit-related disciplines with at least two courses in internal auditing, each offered at least once a year....Read More
Question: Just what is the Sarbanes-Oxley Act and how has it increased the demand of internal auditors? Answer: The U.S. federal Sarbanes-Oxley Act was created to protect investors by improving the accuracy and reliability of corporate disclosures. The act covers issues such as establishing a public company accounting oversight board, auditor independence, corporate responsibility and...Read More
