A premier designation for about 4 decades, the CIA, i.e. Certified Internal Auditor, is a certification granted to accountants who perform internal audits. The candidate can advance his auditing profession to the next level by becoming a CIA. It is a title granted by the Institute of Internal Auditors (IIA). The work of the CIA in the audit division of businesses, governments, and financial institutions. If you are an accountant looking forward to earning a CIA certification, then this blog is the right place for you to gather all the information. Afterwards, you can connect with us to learn more about CIA certification requirements and eligibility.
How To Earn A CIA Certification?
In order to earn a CIA certification, all applicants are required to:
1. Fulfil All The Educational Requirements: All CIA aspirants should meet the below-listed educational requirements for the CIA exam.
- The candidate must have graduated with a 3 or 4-year degree (or higher) or should have an associate’s degree that satisfies IIA criteria.
- It is not necessary to get a degree in a certain field. It could be in the areas of business, medicine, applied science, or any other subject.
- Candidates with seven years of internal auditing experience, or its equivalent, may also be qualified to take the CIA exam.
2. Register For The CIA Exam: The Institute of Internal Auditors (IIA) will only grant access to schedule and register for the CIA exam once all necessary paperwork has been submitted, experience has been verified, and all supporting documentation has been found to be satisfactory.
You can register for the Certified Internal Auditor exam once you have the necessary education and experience.
3. Clear The CIA Exam: Is the CIA exam intimidating? The CIA exam is totally computer-based, has three sections of CIA MCQs (Multiple Choice Questions), and is not as challenging as you might expect.
Part 1: Internal Audit Basics
- Internal Control or Risk (25-35%)
- Mandatory Guidance (35-45%)
- Audit tools and techniques (25-35%)
Part 2: Internal Audit Practice
- Management of Individual engagements
- Management of Internal Audit function
- Fraud controls and risks
Part 3: Internal Audit Knowledge Elements
- Business Processes/Organizational Structure(15-25%)
- Governance/Business Ethics (5-15%)
- Communication (5-10%)
- Risk Management (10-20%)
- IT/Business Continuity (15-25%)
- Leadership/Management Principles (10-20%)
- Global Business Environment (0-10%)
- Financial Management (10-20%)
4. Upload The Necessary Documents Online
All the steps required to submit the supporting documentation are included in the confirmation email from the Institute of Internal Auditors (IIA). You must complete a lot of paperwork in order to continue with the CIA programme.
Pay the CIA exam fees:
CIA Exam Parts
CIA Exam Fee
5. Schedule your examination
You will receive an email with an authorization test once IIA has processed your registration for the CIA exam. This email will assist you in scheduling your exam with a third-party vendor.
6. Sit for the exam parts
The last step is to register for the CIA exam. On the day of the exam, you will need to present a valid ID. The IIA will cancel your exam registration if you don’t show up for the exam on time and in person.
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