CIA, i.e. the Certified Internal Auditor certification, is a globally recognised certification created by the Institute of Internal auditors. The certification exhibits that an internal auditor possesses the knowledge, skills, and abilities required to efficiently person the professional duties of audit anywhere.
Having a CIA certification is a great stepping stone for any auditor. It does take years of hard work experience and an intimidating exam to get the certification; however, the benefits and opportunities are worth the sacrifices and efforts. Check out these top 6 reasons to get the CIA certification-
- You become a part of a global organisation for the internal auditor profession
The Institute of Internal Auditors is a reputable organisation that has over 180,000 members in 190 countries. Although it is not compulsory to be a CIA for obtaining the IIA’s certification, the major number of members are CIAs. If you join this community, you have access to abundant networking opportunities, a character reference, and all the latest updates in your niche.
- Gain credibility and respect
While entering into the world of audit and compliance, you will come across numerous non-certified internal auditors who do not have the expertise of a CIA. The designation of a CIA separates you from the general profession and makes you a top-dog internal auditor.
If at any point in your career someone doubts your abilities and qualifications, you can prove your skills via the certification and get the credibility you deserve.
- Higher salary
As per the IIA’s Internal Audit Compensation Study, the median salary of an internal auditor with a CIA licence is about 40% higher than peers without the credential. As a result, the IA practice becomes very lucrative to professionals more than other certifications and career paths. Furthermore, professionals who have a CIA certification and sufficient experience in internal auditing are almost immediately promoted or receive salary increases.
- Flexible eligibility requirements
Unlike other certifications, the IIA accepts everyone with just one prerequisite- a bachelor’s degree from any field. As there are no severe CIA certification requirements, you do not need a master’s degree in accounting or meet any credit requirements.
- Relatively easier than other accounting certification exam
As compared to other certifications such as CPA or CFA, the CIA exam is relatively easier to take in terms of time taken for preparation and passing the exam. In addition to this, candidates are also provided much more flexibility in the certification process in terms of experience requirements. Moreover, it is also cheaper than other certification exams.
While the CPA exam has four parts, the CIA exam is made up of three parts and focuses mainly on internal audits.
- Get up, close, and personal with the corporate world
A CIA gains an in-depth knowledge and understanding of organisations as they partner with management when evaluating fraud risks. Therefore, a CIA will be able to provide indispensable operational knowledge and industry insights.
Want to get a CIA certification? Connect with AKPIS professionals to understand the CIA certification requirements, check your CIA course eligibility, and obtain top-notch coaching for your exam today.