CIA is a designation that looks inside better prospects
Being a CIA® means being at the forefront of your profession. The Certified Internal Auditor (CIA®) is a designation sponsored by the Institute of Internal Auditors (IIA). For over 25 years the CIA® designation has reflected competence in the principles and practices of internal auditing and has served as the only internationally accepted designation for internal auditors worldwide.
Certified Internal Auditor excels at:
- Having the professional ability to efficiently control, identify risks, and examine remedies with respect to current practice of internal auditing
- Understanding the 21st century management principles
Currently, an increasing number of firms actively seek internal auditors with the CIA® designation. These firms include, but are not limited to, sectors such as: banks, government, big four, universities, international firms and financial corporations. The CIA® is a valuable resource to executive management and boards of directors in accomplishing overall goals and objectives.
Today CIAs can look forward to:
- The opportunity to practice globally in the field of internal auditing
- Upward movement in the auditing profession
- Being distinguished from other candidates competing for the same job
- Access to more and higher paying jobs
- Personal satisfaction for attaining a recognized and prestigious measure of competency
- Professional and social status
- Faster promotion to top management positions
Benefits of the CIA Program
Becoming a CIA® means you have to pass a rigorous four-part exam. But the time and effort are well worth it because of the demand for CIAs®. The CIA® program crafts skills and hones useful competencies that are essential to your career’s success:
- Superior internal auditing knowledge base (theoretical and practical)
- Additional expertise and thorough knowledge of operations
- Analytical, problem solving & research skills
- Personal skills (including leadership and motivational)
- Strong communication skills with the ability to be a good listener
- High ethical standards
- Significant know-how
Real World Relevance
Take a closer look at the content the CIA® covers. With such rich material and pertinent topics, the CIA® really symbolizes the height of internal auditing.
Part I – Internal Auditing Basics
- Domain I: Mandatory Guidance
- Domain II: Internal Control:
- Domain III: Conducting Internal Audit Engagements – Audit Tools & Techniques
Part II – Internal Audit Practice
- Domain I: Managing the Internal Audit Function
- Domain II: Managing Individual Engagements
- Domain III: Fraud Risks and Controls
Part III – Internal Audit Knowledge Elements
- Domain I: Governance / Business Ethics
- Domain II: Risk Management
- Domain III: Organizational Structure/Business Processes & Risks
- Domain IV: Communication
- Domain V: Management / Leadership Principles
- Domain VI: IT / Business Continuity
- Domain VII: Financial Management
- Domain VIII: Global Business Environment
CIA Certification Basic Requirements
Before you start your journey towards becoming a CIA®, you have to meet certain requirements. With CPC’s step-by-step assistance, everything is simple.
- You need to have at least 24 months of work experience in internal auditing, or audit/assessment, external auditing, quality assurance, compliance and internal control.
- A Master’s Degree or business related work experience can count towards 12 months, or half the required experience.
Candidates may apply to the CIA® program and sit for the CIA® exam prior to satisfying the professional experience requirement, but will not be certified until all program requirements have been met.
CIA Professional Conduct
To be eligible for CIA® certification, an applicant must exhibit high moral and professional character and agree to abide by The IIA’s Code of Ethics.
CIA Exam Basic Requirements
Not just anyone can become a CIA®. Why? Because the CIA® is a very specific professional designation and is a badge of excellence, And so to qualify to take the CIA® exam you need:
- You are required to have at least a bachelor’s degree, or the equivalent, from an accredited institution before registering.
- Some professional designations (like Chartered Accountant) might be deemed as the equivalent of a bachelor’s degree but work experience alone will not. Candidates who think their educational background might be the equivalent must select “Other” on the CIA® application’s Education section and clearly provide all relevant info and documentation.
- In certain circumstances full-time final-year university students can enroll and take the CIA® exam parts.
About the CIA Exam
To best prepare for the CIA® Exam, it’s important to know what to expect:
- A modern designation warrants a modern assessment and so the CIA® Exam is computer-based. To make the CIA® Exam more manageable for candidates, it is divided into 3 parts
- Candidates are expected to complete all program requirements, including examination, experience and documentation within 4 years of application approval.
- You can take the Exam whenever you like
- Each part is 2 to 2 hours 30 minutes long with 100 to 125 multiple-choice questions depending on the exam part
- Together the 4 parts come together in an exam that assesses the depth of knowledge that the candidate has obtained on internal auditing and its multiple facets.
CIA Exam Content and Structure:
Part 1 – Internal Audit Basics
- Mandatory Guidance
- Internal Control
- Conducting Internal Audit Engagements – Audit Tools & Techniques
Part 2 – Internal Audit Practice
- Managing the Internal Audit Function
- Managing Individual Engagements
- Fraud Risks and Controls
Part 3 – Internal Audit Knowledge Elements
- Governance / Business Ethics
- Organizational Structure/Business Processes & Risks
- Management / Leadership Principles
- Management Skills
- IT / Business Continuity
- System Infrastructure
- Financial Management
- Cash management
- Managerial Accounting
- Cost volume profit analysis
- Global Business Environment
CIA Exam Schedule and Locations
The CIA® exam is available through computer-based testing, allowing you to test year-round at more than 500 locations worldwide.
Once you’ve met all the requirements, you can start applying so you can take the official exam. The application process is easy:
- In summary, you need to follow the below steps:
- Create a profile on the IIA Certification Candidate Management System (CCMS)
- Click on the “Submit” button and the CCMS will create your account, provide you with your IIA Candidate ID number, and e-mail instructions to you and a link for activating your account. Follow the instructions to activate your account and create a username and password. Keep your password confidential because it will provide access to all of the candidate information.
- Submit additional Appropriate Documentation (required documentation should be submitted as an attachment to firstname.lastname@example.org or via fax to: +1-407-937-1108). The Candidate IIA ID number must be written on all the required Documents.
- Register for the appropriate Exam.
- Receive Authorization to Test.
- Schedule your Exam (via Pearson VUE’s online scheduling system). www.pearsonvue.com/iia
- When you finish the exam, leave the testing room quietly, turn in your note board, and sign the test center log. The test center staff will provide you with a printed “unofficial” score report and dismiss you after completing all necessary procedures. Please do not ask the proctors any questions concerning the exam contents or exam scores as they will not be able to assist you.
- Note: Your score will become official once The IIA publishes the score to The IIA Certification Candidate Management System (CCMS). This normally takes a few days. Exam scores may be suspended, voided or otherwise invalidated after becoming official if The IIA discovers errors or evidence of cheating or other improper activity.
- Because the exact number of questions required to pass the exam may be slightly different from one test to another, all raw scores (the number of correct responses) are converted to a reporting scale that ranges from 250 to 750 points. A score of 600 or higher on this scale is required to pass an IIA exam.