CIDA Review Course – Virtual
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. The CIDA Exam will take place on October 27, 2025.
NOTE: This class is beneficial not only to CIDA candidates but also to auditors who want an extremely detailed course before approaching their investment and derivative audit.
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.
Course Information:
Course times are: Day 1 and Day 2 8:30 am – 4:30 pm Central Time; Day 3 8:30 am – 3:00 pm Central Time. For virtual courses, the virtual meeting link and course materials will sent 3-5 days before the course start date. Please bring a calculator and notecards to this class!
| Course Duration: | 2.75 day(s) |
| CPE Hours Available: | 22 |
| Field of Study: | Accounting (2), Auditing (8), Specialized Knowledge (12) |
| Program Level: | Intermediate |
| Prerequisites: | General Knowledge of Audit & Investments |
| Advance Preparation: | Review of CIDA Study Guide strongly encouraged |
| Delivery Method: | Group-Internet Based |
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Investment Training and Consulting Institute, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credits. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. |
| Attendance Requirements: | In order to be awarded the full CPE hours, attendees must complete at least 3 attendance monitoring mechanisms (codewords, polls, etc) per CPE hour. |
| Policy Information: | For more information regarding how to register for a course, refund, program cancellation, complaint resolution policy and other frequently asked questions, please visit our Q&A page or contact our office at 785-783-8201. |
Hourly Schedule
Day 1 - Agenda
- 8:30am - 4:30pm
- Day 1 - CIDA Course Training
- Day 1 of the course will start at 8:30am and end at 4:30pm Central Time.
Day 2 - Agenda
- 8:30am - 4:30pm
- Day 2 - CIDA Course Training
- Day 2 of the course will start at 8:30am and end at 4:30pm Central Time.
Day 3 - Agenda
- 8:30am - 3:00pm
- Day 3 - CIDA Course Training
- Day 3 of the course will start at 8:30am and end at 3:00pm
Speaker
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Barbara DavisonCEO, President and Audit PrincipalBarbara Davison is currently CEO, Audit Principal and Board Chair of the Investment Training and Consulting Institute, Inc. (ITCI), located in Overland Park, Kansas. ITCI provides training and consulting in the areas of Investments, Derivatives, and Risk Management to Management, Operations and Auditors.
Barbara is a distinguished faculty leader for the International Institute of Internal Auditors, where she has served for more than 25 plus years. She is a Certified Internal Auditor, Certified Information System Auditor, Certified Investments and Derivatives Auditor, a Fellow of the Life Management Organization and the author of five books on investment and derivative auditing: “Auditing Investment Activities,” “Auditing Derivatives Strategies,” “Auditing Merger and Acquisitions Strategies,” “Understanding and Auditing Investments and Derivatives,” and “The CIDA Review Book.” Barb has obtained her Series 7 and Series 65 from the National Association of Security Dealers (NASD).
Previously, Barbara was vice president of a financial institution where she directed investment operations for the general account and mutual funds. Her responsibilities also included portfolio management of two mutual funds, which were part of a $7 billion portfolio. Prior to her seven years in investments, Barbara was Manager of Internal Audit for six years, where she was responsible for the management of corporate audit activities, computer security, information systems audits and assisted in new business strategies.
