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 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® (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
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.
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
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.
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
Participants who complete core modules and pass final evaluations will be awarded: “Chief Audit Executive Master” by FMIT®
NO | SUBJECT | DETAILS | SESSION |
---|---|---|---|
1 | Project Management based on PMI® Global Standards |
|
10 sessions |
2 | Risk management & Internal Control based on COSO® Global Standards |
|
8 sessions |
3 | Supply Chain Management based on SCOR® Global Standards |
|
10 sessions |
4 | Management Accounting
|
|
8 sessions |
5 | Internal Audit Fundamental based on IIA® Global Standards |
|
8 sessions |
6 | Change Management, Strategic Management, and Modern Management System (Optional) |
|
8 sessions |
7 | Leadership (Optional) |
|
4 sessions |
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.
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.
“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
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.
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
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.
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.
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.
FMIT® Representative Office in Hanoi – 7th Floor, 18 Ly Thuong Kiet Street, Hoan Kiem District, Hanoi.
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