Title Details

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.

Preface vii

CIA Exam Study Preparation Resources xi

CIA Exam-Taking Tips and Techniques xiii

CIA Exam Content Specifications xv

Domain 1 Managing the Internal Audit Function 1

1.1 Strategic Role of Internal Audit 1

1.2 Operational Role of Internal Audit 25

1.3 Risk-Based Internal Audit Plan 302

1.4 Sample Practice Questions 316

Domain 2 Managing Individual Engagements 323

2.1 Plan Engagements 323

2.2 Supervise Engagements 347

2.3 Communicate Engagement Results 361

2.4 Monitor Engagement Outcomes 382

2.5 Sample Practice Questions 385

Domain 3 Fraud Risks and Controls 391

3.1 Types of Fraud 391

3.2 Controls to Prevent or Detect Fraud 394

3.3 Audit Tests to Detect Fraud 396

3.4 Integrating Analytical Relationships to Detect Fraud 405

3.5 Interrogation or Investigative Techniques 415

3.6 Forensic Auditing 423

3.7 Use of Computers in Analyzing Data for Fraud and Crime 427

3.8 Sample Practice Questions 436

Sample Practice Questions, Answers, and Explanations 439

Glossary 469

Index 495