CIA Part 1 case studies
CIA Part 1 · Put your knowledge to work in context.
The Certified Internal Auditor (CIA) is The IIA's flagship global credential for internal audit professionals. According to The IIA, more than 220,000 CIAs from 170 countries hold the designation, and the institute serves a community of over 265,000 members worldwide. The CIA Part 1 case studies are 5 cases and about 4,094 words.
1The 1,200-Hour Implementation Assignment
Meridian Regional Bank ($8.4 billion in assets) has a six-person internal audit activity. The chief audit executive (CAE) reports administratively to the CFO and functionally to the audit committee, which meets quarterly.
836 words, about 4 min2Six Years Late and Reviewed by a Friend
Cedar Valley Insurance's internal audit activity has four auditors, including the CAE. The CAE personally reviews every workpaper and signs off as supervisory reviewer, and conducts the annual internal assessment by surveying three of the four audit clients.
803 words, about 4 min3Asked for an Opinion Without the Competence to Give One
Northline Power operates 14 substations on an operational technology (OT) network controlled by SCADA. Internal audit budgeted 400 hours for an OT cybersecurity review.
786 words, about 4 min4Taking Over the Risk Register
Lakeside Health System (five hospitals, 9,000 staff) has a board audit and finance committee of seven members: three are physicians with admitting privileges, one is the CEO of a supplier, and three are independent directors. The committee oversees external audit, internal audit, and enterprise risk management.
811 words, about 4 min5A Charter Written by the People It Audits
Harbor Freight Logistics' internal audit charter was approved by the CEO in 2019 and has not been updated. It names the CFO as the approval authority for the annual audit plan and grants the CAE 'such other duties as the CFO may assign.' The audit committee exists but consists of two non-executive directors and the CEO.
858 words, about 4 min