CERTIFIED INTERNAL AUDITOR (CIA)
The CIA is the only globally accepted designation for internal auditors and the standard by which individuals demonstrate their professionalism in internal auditing. Moreover, earning the CIA designation is more than just proof of what you know and what you’ve achieved — it’s the best way for auditing professionals to communicate to the world that they are prepared to meet today’s challenges.
Earning the CIA designation is a valuable accomplishment and a professional advantage for auditors at all stages of their careers, including chief audit executives, audit managers, audit staff, and risk management staff, as well as students enrolled in an accounting or other business or ﬁnancial degree program.
WHO NEEDS THIS COURSE?
Any accounting and ﬁnance professional who wants to get into Auditing specialization and reach to a higher management level in the same ﬁeld.
- Help you earn credibility and respect in your ﬁeld.
- Open more opportunities for advancement.
- Prove your willingness to invest in your own development.
- Increase your earning potential by as much as 51%.*
- Demonstrate your commitment to your profession.
- Improve your internal audit skills and knowledge.
- Build conﬁdence in your knowledge of the profession.
- All auditors are able to enhance the credibility in the ﬁeld by obtaining their certiﬁcation
- Certiﬁed internal auditors also make a much higher salary the non-certiﬁed auditors.
- Auditors can beneﬁt from certiﬁcation no matter their current position. All stages of orders are able to bolster their resume with a CIA exam, including:
- CHIEF AUDIT EXECUTIVES
- AUDIT STAFF
- RISK MANAGEMENT STAFF
- AUDIT MANAGERS
- Three exam parts are balanced, clear, and uniform.
- Minimal duplication and overlap among exam parts.
- Aligned with The IIA’s International Standards for the Professional Practice of Internal Auditing.
- Up-to-date with the current global practice of internal auditing.
- Covers the knowledge, skills, and abilities exam candidates must possess to be the most competent and capable internal auditor possible.
|Exam||Exam Duration||No. of Questions||Exam Grading||Passing Score|
|Part 1||150 minutes||125||250-700||600|
|Part 2||120 minutes||100||250-700||600|
|Part 3||120 minutes||100||250-700||600|
EXAM PART – 1 ESSENTIALS OF INTERNAL AUDITING
- Mandatory Guidance
- Internal Control / Risk
- Conducting Internal Audit Engagements – Audit Tools and Techniques
- Foundations of Internal Auditing
- Independence and Objectivity
- Proficiency and Due Professional Care
- Quality Assurance and Improvement Program
- Governance, Risk Management and Control
- Fraud Risks
EXAM PART – 2 PRACTICE OF INTERNAL AUDITING
- Managing the Internal Audit Function
- Managing the Individual Engagements
- Fraud Risks and Controls
- Managing the Internal Audit Activity
- Planning the Engagement
- Performing the Engagement
- Communicating Engagement Results and Monitoring Progress
EXAM PART – 3 BUSINESS KNOWLEDGE FOR INTERNAL AUDITING
- Governance / Business Ethics
- Risk Management
- Organizational Structure / Business Processes and Risks
- Management / Leadership Principles
- IT / Business Continuity
- Financial Management
- Global Business Environment
- Business Acumen
- Information Security
- Information Technology
- Financial Management
PLEASE NOTE THE FOLLOWING:
- You can sit for any part of the exam at any time, no specific order to be followed
- You cannot sit for the CIA exams if you do not hold a Bachelor’s degree or higher, approved online by one of The IIA’s certification programs
- The three CIA exam parts must be completed within 4 years of your application approval
- If your eligibility expires, you lose all exam credits and you have to submit a new application, with fees paid in full
- You’ll get your CIA exam results immediately after completing the exam while you are still in the exam center
- If you fail part of the CIA Exam, you must wait 90 days before retaking it. However, you can only schedule the new exam date once your official score is published online
- There is no limit to the number of times you can retake the CIA exam
- Candidates must hold a bachelor’s degree or its equivalent from an accredited university or college. A copy of the candidate’s highest qualification, transcripts or other written proof of completion of a degree programme must be submitted with the registration form.
- CIAs are required to complete 24 months of internal auditing experience or its equivalent. Equivalent experience means experience in audit/assessment disciplines, including external auditing, quality assurance, compliance, and internal control.
- Candidates may sit for the CIA examination prior to satisfying their experience requirement, but they will not be certified until the experience requirement has been met.
A CANDIDATE’S WORK EXPERIENCE IN INTERNAL OR EXTERNAL AUDITING SHOULD:
- Be printed on the Internal Audit Experience Verification Form or on the organisation’s letterhead.
- Include the specific dates of employment in an auditing capacity.
- Specify the position(s) held along with a brief description of duties and responsibilities.
- Contain the signature and title of the candidate’s supervisor, another appropriate member of the organisation, or a Certified Internal Auditor.