GIPMC
  • Contact Us
Global Institute of Professional Management Certification (GIPMC)
img

Professional Internal Auditor Challange (PIA Challange)™

Course Description:

The Professional Internal Auditor Challenge tests auditors' skills through tasks like risk assessment, audit planning, internal control evaluation, fraud detection, data analysis, and reporting. It aims to enhance critical thinking, technical expertise, and ethical decision-making, preparing participants for real-world auditing challenges.

$ 1500.00 $ 1030.00

Browse Certifications Info

Certification Overview

The Professional Internal Auditor Challenge certificate recognizes excellence in auditing skills, including risk assessment, audit planning, control evaluation, fraud detection, data analysis, and reporting. It signifies a high level of proficiency and preparedness for real-world auditing challenges, demonstrating the recipient's commitment to professional growth and ethical standards in the field.

E-Course Duration: 45 to 50 hours

Download Sample Exam

Exam Information

Download Brochure

Course Outline

Module 1 - Accounting

    • Introduction
    • The Accounting Cycle
    • The Key Reports
    • A Review of Financial Terms
    • Understanding Debits and Credits
    • Your Financial Analysis Toolbox
    • Identifying High and Low Risk Companies
    • The Basics of Budgeting
    • Working Smarter
    • People and Numbers

Module 2 - Budgets and Managing Money

    • Introduction
    • Finance Jeopardy
    • The Fundamentals of Finance
    • The Basics of Budgeting
    • Parts of a Budget
    • The Budgeting Process
    • Budgeting Tips and Tricks
    • Monitoring and Managing Budgets
    • Crunching the Numbers
    • Getting Your Budget Approved
    • Comparing Investment Opportunities
    • ISO 9001:2008
    • Directing the Peerless Data Corporation

Module 3 - Accounting - Merchandising Transactions

    • Merchandising Transactions
    • Gross Selling Price
    • Returns and Allowances
    • Cost of Goods Sold
    • Classified Income Statement

Module 4 - Measuring and Reporting Inventory

    • Merchandise Inventory
    • Determining Inventory Costs
    • Four Inventory Costing Methods
    • Pro’s and Con’s of the Four Costing Methods
    • Journal Entries for the Peretual Inventory Procedure
    • Departures from Cost Basis for Inventory Measurement

Module 5 - Accounting - Control and Monitoring of Cash Assessment

    • Control of Cash
    • Internal Contols
    • Controling Cash
    • The Bank Checking Account
    • Bank Reconcilliation
    • Petty Cash Fund

Module 6 - Accounting - Receivables and Payables

    • Accounts Receivable
    • Uncollectable Accounts
    • Write-offs and Recoveries
    • Current Liabilities
    • Notes Receivable and Note Payable
    • Short Term Financing through Notes Payable

Module 7 - Adjustments for Financial Reporting

    • Cash versus Accrual Basis Accounting
    • Classes and Types of Adjusting Entries
    • Adjustments for Deferred Items - Expenses
    • Adjustments for Deferred Items - Depreciation
    • Adjustments for Accrued Items

Module 8 - Accounting and Its Use in Business Decisions

    • The Accounting Environment
    • Accounting Defined
    • Overview of Accounting
    • Financial Statements of Business Organizations
    • The Financial Accounting Process
    • How Transactions Affect Income Statements and Balance Sheets
    • Dividends and Equity Ratios
    • Corporate versus Sole Proprietorship or Partnership Accounting

Module 9 - Recording Business Transactions in Accounting

    • The Account and Rules of Debit and Credit
    • Recording the Transactions
    • The Accounting Cycle
    • The Accounting Process in Operation
    • Analyzing and Using the Financial Results
    • The Use of Ledger Accounts

Module 10 - Completing the Accounting Cycle

    • The Work Sheet
    • Preparation of Financial Statements from the Work Sheet
    • Accounting Systems: From Manual to Computerized
    • The Closing Process
    • A Classified Balance Sheet
    • Analysis-Current Ratio

Module 11 - Accounting Theory

    • Traditional Accounting Theory
    • Major Principles
    • Modifying Conventions
    • Objectives of Financial Statements
    • Basic Elements of Financial Statements

Module 12 - Financial Topics

    • Foundation 1
    • Foundation 2
    • Checking Accounts
    • Short Term Savings
    • Credit
    • Summary
    • Foundation 3
    • Money Management
    • Matching Product
    • Comparision with Cash Management
    • Emergency Fund
    • Managing Debt
    • Insurance and Protection
    • Employee Wages
    • Employee Benefits
    • Stock and Commodities Markets
    • Inflation
    • Homeowners Insurance
    • Taxation
    • Shares and Bonds

Target Audience