CAE® Master

INTRODUCTION TO THE CHIEF AUDIT EXECUTIVE PROGRAM – CAE MASTER®

As organizations grow in scale and complexity, the role of Internal Audit has become not only essential—but also strategic—for long-term, sustainable success. Internal audit is no longer confined to financial checks; it has evolved into a comprehensive assessment and advisory function, reviewing the entire management system based on global standards, with the ability to detect risks, recommend controls, and propose system improvements to enhance competitiveness.

While external audit focuses on financial reporting and historical compliance, internal audit today is positioned to deliver both assurance and consulting, actively contributing to future initiatives—such as helping design appropriate control frameworks for upcoming projects or organizational transformations.

A modern approach to internal auditing requires:

A systemic and integrated mindset

Deep understanding of how governance works in real organizations

Knowledge of global management frameworks used by leading corporations

Tools and techniques for benchmarking, diagnosing, advising, and improving systems

CAE MASTER® – A LEADERSHIP PROGRAM FOR INTERNAL AUDIT EXECUTIVES

CAE Master® (Chief Audit Executive Master) is a high-level professional program developed by FMIT®, designed for:

Chief Audit Executives

Heads/Deputy Heads of Internal Audit

Senior Internal Auditors with leadership potential

This program is based on the knowledge framework of the CIA® (Certified Internal Auditor) certification and further integrates strategic and operational modules such as:

Governance, Risk & Control (GRC)

Internal Audit Execution

Enterprise Systems: Project Management, Supply Chain, Performance (BSC/KPIs), Finance, and more

DESIGNED FOR IMPACT – STRUCTURED, PRACTICAL, AND HIGHLY APPLICABLE

CAE Master® draws from internationally recognized standards taught at FMIT®, including:

COSO® (Internal Control)

GRC Frameworks

PMI® (Project Management)

SCOR® (Supply Chain)

BSC/KPI Systems

The methodology blends:

Global best practices + System thinking + Practical application

Real-world business scenarios + Assessment tools + Implementation capability

This program is purposefully designed to save time, reduce cost, and generate real value when organizations invest in upgrading their internal audit leadership.

WHY VIETNAMESE CHIEF AUDIT EXECUTIVES NEED THIS PROGRAM

Because global business runs on systems, not intuition

Because internal audit cannot assess what it doesn’t understand

Because modern organizations need auditors who think strategically, not just tactically

CAE Master® empowers internal audit leaders to:

Become system thinkers, not just compliance checkers

Understand and evaluate governance architecture

Serve as trusted advisors in shaping performance, risk, and control

FMIT® – OFFICIAL TRAINING PARTNER OF IIA® IN VIETNAM

Founded in 1941, the Institute of Internal Auditors (IIA®) is the world’s leading body for internal audit professionals, headquartered in Altamonte Springs, Florida, USA.

Today, IIA® has over 185,000 members in 160+ countries, supporting them in:

Networking and collaboration

Training and certification

Standards and implementation guidance

Research and career development

FMIT® is a recognized training partner of IIA® in Vietnam and delivers world-class internal audit programs aligned with the CIA®, COSO®, and GRC frameworks.

TARGET PARTICIPANTS

Internal Audit Professionals

Heads/Deputy Heads of Internal Audit

Those with the potential to become Chief Audit Executives (CAE)

Senior managers seeking to strengthen governance and risk oversight capabilities

KEY BENEFITS

  • Master internationally accepted knowledge required of a CAE
  • Develop a system-based approach for evaluation and advisory work
  • Build a foundation to pursue certifications like CIA®, PMP®, CSCP®, CICS®, GInI®
  • Deliver clear value to your organization by driving continuous improvement

 CERTIFICATION

Participants who complete  core modules and pass final evaluations will be awarded: “Chief Audit Executive Master” by FMIT®


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Program Content

NO SUBJECT DETAILS SESSION
1 Project Management based on PMI® Global Standards
  • Principles, Domain, and Fundamental Concepts
  • Stakeholder Performance  & Development Approach – Life Cycle Domain
  • Team Performance Domain
  • Planning Performance Domain 1: Scope
  • Planning Performance Domain 2: Time
  • Planning Performance Domain Cost – Quality
  • Planning Performance Domain 3:  Resource – Communication – Procurement
  • Uncertainty Performance Domain
  • Project Work Performance Domain
  • Delivery Performance and Measurement Domain
10 sessions
2 Risk management & Internal Control based on COSO® Global Standards
  • Risk management & Internal Control Introduction
  • Setting the Environment
  • Risk Identify
  • Risk Assessment
  • Risk Solution Strategies
  • Operation Control
  • Information & Communication
  • Risk Management & Internal Control System Monitoring
  • Risk Management & Internal Control Assessment based on COSO® Global Standards.
8 sessions
3 Supply Chain Management based on SCOR® Global Standards
  • Supply Chain Management Introduction
  •  Demand Forecasting & Management Techniques
  • S&OP (Sales & Operation Planning)
  •  Master Scheduling
  • Material Requirements Planning
  • Capacity Management and Manufacturing Control
  • Inventory Management
  • Purchasing
  •  Distribution & Logistics
  • Lean and Quality System
  • Theory of Constraints
10 sessions
4 Management Accounting

 

  • Introduction to Management Accounting, Measurement of Cost Behavior, Revenue & Cost Management Systems
  •  Relevant Information For Decision Making
  • Cost Allocation & Joint Product Costing
  • Job Order Costing & Process Costing
  • Variable & Obsorption costing
  • Forecasting & Budgeting
  • Flexible Budgets & Variance Analysis
  • Management Control Systems & Responsibility Accounting
  • Preparing & Assessing & Selecting Investment Projects
  • Understanding & Analyzing Financial Statements
8 sessions
5 Internal Audit Fundamental based on IIA® Global Standards
  • Introductory Internal Audit
  • Internal Control & Risks
  • Planning Engagement
  • Evaluate Evidence, Analyze Data, Document and Report
  • Managing The Internal Audit Function
  • Fraud Risk & Control
  • Compliance Audit
  • Operation Auditing
  • Security & Information Technology Auditing
  • Financial Auditing
8 sessions
6 Change Management, Strategic Management, and Modern Management System
(Optional)
  • Governance: Oversight, environmental controls, and internal Audit
  • Strategic Management: Pathway and Vehicles
  • Tools in Strategy Development: Customer Experience, Design Think, Business Model
  • Objective Setting, Performance Management
  • Integrated Enterprise
  • Partnership Management and Technology
  • Strategic Risk Management
  • Total Quality Management
  • Strategic Project Management
8 sessions
7 Leadership
(Optional)
  • Leadership
  • Promotion
  • Networking
  • Negotiation
  • Communication
  • Problem solving
  • Understanding and working with people.
  • Team dynamics
  • Power and making decision
4 sessions

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1. What is the difference between Internal Audit and Internal Control?

Internal Audit is an independent and objective evaluation activity that reviews the effectiveness and compliance of the organization’s management system. Internal auditors provide advisory input, recommendations, and improvement proposals, but they do not directly design or operate internal control systems.

On the other hand, Internal Control refers to the system of policies, processes, and procedures implemented by the CEO, department heads, and all employees, designed to mitigate risks and ensure that organizational objectives are achieved.

Many organizations mistakenly confuse the role of internal control personnel with the internal control system itself, resulting in overlapping responsibilities and inefficiencies. It is essential to clearly define the functions of both Internal Audit and Internal Control for optimal governance.

Has your organization clearly separated the roles of internal audit and internal control? Or are there overlaps causing inefficiency?

2. Why is it essential to establish an Internal Audit Department?

While functional departments (production, sales, finance, HR, etc.) are responsible for monitoring their own operations, and compliance teams support policy and process enforcement, a truly independent and transparent internal assessment requires a dedicated Internal Audit Department.

This department:

Reviews internal controls designed by the CEO and departments

Assesses compliance, identifies weaknesses and risks

Provides recommendations for improvement and risk mitigation

Today, internal audit is regarded as a strategic function in corporations and listed companies, helping prevent fraud, ensure regulatory compliance, and support sustainable growth.

Is your internal oversight based on clear, independent evaluation—or still operating through fragmented functional monitoring?

3. What knowledge should an internal auditor possess?

“Internal audit” is not limited to financial reviews. Modern internal auditors are expected to evaluate the entire management system, including production, finance, operations, compliance, IT, and beyond.

Therefore, internal auditors must:

Possess comprehensive knowledge of enterprise management systems

Understand how modern governance models work

Be familiar with assessment frameworks, control mechanisms, and system improvement methodologies

Is your internal audit team focused only on checking figures—or are they evaluating the health of the entire system?

4. How do management systems in large corporations differ from others?

In large organizations and listed companies, governance is not based on personal experience, but on international management standards such as COSO®, ISO, SCOR®, PMI®, and IIA®.

These standards provide:

Clarity in structure and accountability

Operational transparency

Greater consistency and strategic alignment

To effectively fulfill their role, internal auditors must understand these global governance frameworks, enabling them to analyze operations, identify systemic risks, and propose improvements.

Are your evaluations based on individual judgment—or backed by proven international frameworks?

5. What makes FMIT’s CAE® Program unique?

The Chief Audit Executive (CAE®) Program at FMIT® is built upon international collaboration and structured around:

The CIA® knowledge framework

Best practices in GRC (Governance – Risk – Control)

Practical tools in project management, supply chain, performance management (BSC/KPI), and more

The program is designed to:

Systematically develop strategic audit capability

Integrate theory with real-world application

Equip learners with the ability to assess, advise, and lead system improvements across the enterprise

Have you ever attended a program that transforms internal auditing into a strategic capability, beyond checklists and compliance?

6. Why manage through systems instead of experience?

Personal experience is limited, subjective, and not scalable

Management systems are replicable, measurable, and adaptive

Organizations that rely solely on experience often face:

Decision errors

Inconsistent execution

Dependency on individuals

By contrast, a systems-based approach enables internal auditors to identify structural risks, not just surface issues, and propose lasting improvements.

Is your company operating based on individual memory—or based on a sustainable, scalable system?

7. Why must internal auditors understand global governance standards?

As internal audit becomes a strategic lever for transparency and value creation, it is crucial that auditors are equipped with internationally recognized frameworks to:

Benchmark organizational practices

Set evaluation criteria based on proven global standards

Provide recommendations grounded in global best practices

Without this foundation, internal audit becomes disconnected from strategic decision-making. With it, auditors can support long-term growth, compliance, and operational excellence.

Are your internal audit reports based on best practices—or on assumptions and intuition?

Currently, all CAE Master training programs at FMIT® Institute are conducted in Vietnamese.

If you are interested, please switch the website to Vietnamese (top-right corner of the page) to view detailed schedules and course information.

If you need further assistance, feel free to contact us:

FMIT INSTITUTE

FMIT® Institute – 5th Floor, 126 Nguyen Thi Minh Khai Street, District 3, Ho Chi Minh City.

  • Tel: (028) 3930 1724 | Fax: (028) 3930 1725
  • Hotline: 0708 25 99 25

FMIT® Representative Office in Hanoi – 7th Floor, 18 Ly Thuong Kiet Street, Hoan Kiem District, Hanoi.

  • Hotline: 093 848 6939
  • Email: info@fmit.vn - Website: www.fmit.vn

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