What is a Certified Internal Auditor (CIA)?
Becoming a Certified Internal Auditor (CIA) is an outstanding way to enhance your internal audit profession. The rewards of gaining the Certified Internal Auditor (CIA) accreditation include improving your chances of promotion, increased job opportunity, and higher status. However, you need to meet the following standard requirements established by The Institute of Internal Auditors. You will be required to pass the CIA Test for Certified Public Accountant (Certified Public Accountant) or Certified Fraud Inspector (CFE) before being certified. When you have actually met the CIA accreditation requirements, you are ready to begin your profession as a certified internal auditor.
Certified internal auditor certification requires that you already have a bachelor’s degree and at least two years of experience in an internal auditing-related area such as internal control, compliance, or quality assurance. Candidates for the designation often study for the credentialing exams for 100 to 150 hours and submit a letter attesting to their character. If you become a CIA, you will also be required to complete 40 hours of continuing education (CE) each year to maintain certification.
Certified Internal Auditor Specialization
- Internal Auditing
- Audit Supervision
- Compliance Auditing
- Investigative Auditing
- Information Technology Auditing
You will need to practice and study in order to pass the CIA test. Online screening will help guarantee that you are ready. Online screening includes a set of questions designed to simulate a genuine Certified Public Accountant exam. The online screening system permits prospects to track their development throughout the application process. Prospects who effectively pass the CIA examination can take the exam, receive a credential, and begin a professional internal auditing career immediately.
Prospects will discover it a lot easier to concentrate on the important parts of the test if they utilize the Certified Public Accountant Examination Evaluation Course.
The test preparation course consists of practice concerns:
- Mock Tests
- Study Guides
- Complete Revision Guide
What are the benefits of obtaining a certification in internal auditing?
Occupational growth for accounting and audit occupations is expected to be 10% between 2016 and 2026, according to the Bureau of Labor Statistics (BLS). A variety of public companies, private companies, and federal government agencies frequently require the services of well-trained CIAs. CIA certification demonstrates an auditor’s qualifications and opens the door to a robust job market.
Among the benefits of becoming a CIA are:
- International Credential
- Increased Prospective Income
- Job Security
- Opportunities for Specialist Development
- Focused Abilities Improvement
A College Education
To qualify for CIA certification, you must have a bachelor’s degree from a regionally accredited institution. For individuals without a post-secondary degree, people with five to seven years of demonstrated work in the internal auditing sector may satisfy the CIA certification criteria. This, of course, requires IIA permission, so be sure to contact the IIA directly to see if you satisfy their educational criteria.
- Internal Auditing Experience
To get a CIA certification, you should have completed at least two years of experience working in the internal auditing field, and this must be documented and confirmed by your employer.
- Pass the CIA Test
Central to earning CIA certification is taking and passing the three-part CIA test. This completely computer-based test can be taken at any time through any of the 5,000+ Prometric screening centers. The pass rate for the CIA test stands around 40%, worldwide.
The CIA program and CIA Exam can be taken before having satisfactorily completed the professional experience requirement. However, certification will not be granted until all program requirements have been met.
- Supply a Character Reference
Next up in the accreditation process, you must provide the IIA with a Character Recommendation Form submitted and signed by either your work supervisor or a work peer who holds a CIA, CGAP, CCSA, CFSA, or CRMA classification. What’s more, you need to supply a copy of your valid passport or national identity card.
- Follow the IIA Code of Ethics
CIA accreditation requirements include consenting to abide by the IIA’s (Institute of Internal Auditors) Code of Ethics, which you can read on the IIA website. Central to this is guaranteeing to keep the contents of the CIA Exam personal. Sharing or going over exam material is a breach of the Code of Ethics and might result in your disqualification.
- Continuing Professional Education (CPE)
Upon finishing your initial CIA accreditation, you must then keep your knowledge and skills up to date. To do this, you need to satisfy a variety of continuing professional education, or CPE, requirements.
- IIA Membership May Be Required
Generally, you do not have to be an IIA member to take the CIA test or become a CIA. However, some countries’ requirements include that you be an IIA member to take the test.
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