CIA Part 1 — 10: Supplier Audits and Due Diligence: Where Assurance Meets Advice

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn: - How supplier control audits differ from pre-acquisition advisory services in internal audit scope. - The three-party structure of assurance engagements versus two-party advisory engagements. - Why management accountability must be preserved during transaction risk assessments. - How to avoid self-review threats when delivering advice during supplier due diligence. - Why the principle that purpose sets the service helps determine engagement requirements.

Prepare effectively with independent prep tools at https://open-exam-prep.com/practice/cia-part1 and watch video breakdowns on YouTube at https://www.youtube.com/@Open-exam-prep .

Sources checked: October 12, 2026 - https://www.theiia.org/globalassets/site/certifications/internal-audit-practitioner/2025-cia-part-1--syllabus.pdf - https://www.theiia.org/en/content/standards/complete-global-internal-audit-standards/ - https://www.theiia.org/globalassets/site/resources/statements-of-position/tlm_assurance_advice_support_effective_gov_en.pdf