CAE^® Master

Program Content

OTHER COURSES SAME TOPICS

• CIA^® Preparation
• Internal Auditing

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

OTHER COURSES SAME TOPICS

• CIA^® Preparation
• Internal Auditing