CIA Part 2 case studies
CIA Part 2 · Put your knowledge to work in context.
The Certified Internal Auditor (CIA) is The Institute of Internal Auditors' global internal audit designation, held by more than 220,000 professionals across 170 countries. The credential is aimed at practitioners who want to demonstrate the knowledge, skills, and competencies required to perform internal audit services anywhere in the world, and eligibility paths are tailored to a candidate's education and experience - master's degree, bachelor's degree, active Internal Audit Practitioner, or qualified accountant routes each carry different experience requirements. The CIA Part 2 case studies are 5 cases and about 3,400 words.
1Billing Migration: Scoping a Revenue Engagement With 220 Hours Left
MidCap Software has 14,200 subscribers and 38 million of annual recurring revenue. In March it migrated billing from a legacy system to a new SaaS platform, and the deferred-revenue reconciliation is still performed in a 41-tab spreadsheet.
714 words, about 4 min2Fixed-Asset Count: Fifteen Percent Missing at Plant A
You are observing the annual fixed-asset count at three manufacturing plants. The capitalization threshold is 5,000; the register lists 6,200 assets with a net book value of 47 million.
676 words, about 3 min3Duplicate Vendor Payments: Management Wants the Finding Downgraded
Fieldwork identified 43 duplicate vendor payments totaling 1.4 million over 14 months. The root cause is a three-way-match control that is bypassed whenever an invoice is flagged "urgent" - roughly 6% of all invoices.
651 words, about 3 min4Follow-Up: 83% Complete on the Dashboard, Unverified in Fact
Eighteen months after a procurement audit, 18 action plans remain open. Nine are past their agreed due date.
639 words, about 3 min5Relying on a Qualified SOC 1 Report With a Five-Month Gap
You are planning the audit of Northwind's claims processing, which is outsourced to a third-party administrator (TPA). The TPA provides a SOC 1 Type 2 report covering the prior calendar year.
720 words, about 4 min