CERTIFIED INTERNAL AUDITOR (CIA)

COURSE DESCRIPTION

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.

LEARNING OUTCOME

  • 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

EXAM INFORMATION:

  • 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

CURRENT VERSION

  • Mandatory Guidance
  • Internal Control / Risk
  • Conducting Internal Audit Engagements – Audit Tools and Techniques

REVISED VERSION

  • 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

CURRENT VERSION

  • Managing the Internal Audit Function
  • Managing the Individual Engagements
  • Fraud Risks and Controls

REVISED VERSION

  • 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

CURRENT VERSION

  • Governance / Business Ethics
  • Risk Management
  • Organizational Structure / Business Processes and Risks
  • Communication
  • Management / Leadership Principles
  • IT / Business Continuity
  • Financial Management
  • Global Business Environment

REVISED VERSION

  • 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

REQUIREMENT

EDUCATIONAL REQUIREMENT

  • 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.

ELIGIBILITY REQUIREMENT

  • 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.