CIDA Review Course
CIDA Review Course
NOTE: This class is beneficial not only to CIDA candidates but also to auditors wanted an extremely detailed course before approaching their investment and derivative audit.
The Certified Investments & Derivatives Auditor (CIDA) designation is a globally accepted certification for investments and derivatives auditors and remains the standard by which individuals demonstrate their professionalism in the investments and derivatives auditing field. With a CIDA credential, you distinguish yourself beyond your job title while gaining a sense of personal satisfaction. Earning the CIDA designation highlights your knowledge, competence, and proficiency in your practice. Candidates complete the program enriched with educational experience, information, and business tools that can be applied immediately in any organization or business environment. In addition, long standing, active status indicates a dedication to ongoing education and a drive to continually advance ones knowledge and skills. The CIDA certification is the designation of excellence in the investment and derivative auditing community.
The CIDA Review Course helps candidates ensure a successful completion of the CIDA exam. Although the course is not mandatory, this review course will facilitate a learning experience which will prepare candidates for the exam. While this class is very fast paced, intense and packed with more knowledge in three days than one might ever imagine, this class will definitely give you the assistance you need to navigate through the “body of knowledge” and help you succeed at passing the CIDA Exam.
In addition, given the massive amount of material covered in three days, this review course will help investment and derivative auditors fine-tune their audit skills in this highly specialized area — even if they elect not to take the exam.
Course Features
- Review the Investment Process: trade processing, settlement and clearance.
- Learn the Short-Term Market: Treasury bills, commercial paper, banker’s acceptance, CDs, repurchase agreements, Eurodollars, and agencies.
- Discuss the Capital Markets: fixed income securities – Treasuries, corporate bonds, zero-coupon bonds, asset-backed securities, mortgage-backed securities, municipals; equities – preferred, common, equity-linked notes.
- Study the Derivative Markets: forwards, futures, options and swaps, credit derivatives – credit default swaps, total return swaps.
- Discuss derivative case studies and current market issues.
- Discuss Investment and Derivative Risks: market, liquidity, legal, credit, operational, management, FX, interest rate, price, weather.
- Learn different types of basis risk: Locational, product, timing, and cash to futures.
- Review Alternative Assets: general partnerships structures, private equity, hedge funds, real estate funds.
- Develop techniques to audit complicated derivative strategies and to analyze risks within the strategies.
- Learn the roles and responsibilities of the front, back and middle offices of a typical investment and derivative environment and the key controls important in each area.
