Certified Internal Auditor – CIA Course Details

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Certified Internal Auditor – CIA Course Details

Introduction

A CIA is a certified accountant who conducts internal audits. The Certified Internal Auditor (CIA) certification is the most prestigious level of professional qualification in its field. It's the only internal audit certification that's recognized worldwide. 

This certification is recognized globally as a marker of skills and competencies required of an internal audit professional. It is granted by the Institute of Internal Audit (IIA) with official partners offering CIA Training in India. CIAs a play a critical role in their organizations' success with skills gained in CIA training and preparation of the course.

The course combined with CIA training equips its graduates with technical expertise, applicable knowledge, and business tools that they can bring to the table at their workplace. 

Consider the following 6 factors while deciding to pursue CIA certification or enrolling for CIA training in India:

• Know about the certification
• Assess your skills and eligibility
• The exam registration process.
• Preparation for exams
• Attending exam
• Getting the certificate

Eligibility

Following are the prerequisites for pursuing the Certified Internal Auditor course:

? Education 

Prior to becoming a CIA, potential candidates must earn a 4-year post-secondary degree (or higher). The degree should be obtained from an accredited institution.

? Work Experience

An internal audit experience of two years is mandatory for candidates with a post-secondary degree. The experience gained from pursuing a Master's Degree could be counted for 12 of the 24 months.

Exam Pattern

It is important to take the CIA exam in order to become a certified internal auditor .Candidates taking the CIA exam are tested on their knowledge of internal auditing practices and their understanding of risks, issues, and remedies.

Part1

The CIA Part 1 explains the basics of internal auditing. The CIA part 1 exam has 125 questions to be answered in 2.5 hours (150 minutes). A portion of this part will cover concepts of internal control and risk, mandatory guidance and tools and techniques for conducting audit engagements. 

Part 2

The CIA Exam Part 2 explains Internal Audit Practice. This includes 100 questions with a time allotment of 2 hours (120 minutes). Internal audit functions, fraud risks, and working with individual clients are tested as components of this assessment.

Part 3

The CIA Exam Part 3 explains Internal Audit Knowledge Elements. This session consists of 100 questions with a time allotment of 2 hours (120 minutes). Candidates with and without CIA training will be tested on risk management, governance, and business ethics, communications, organizational design, computer technology and business continuity, management and leadership principles, as well as financial management in the global business environment. 

Role of Certified Internal Auditor

? Increasing the internal auditor function by moving from traditional to analytical and technology-based audits

? Whenever they identify shortcomings, internal auditors are expected to provide recommendations for improvement.

? Investigations and improvements in processes are becoming more of a priority

? Internal auditors play a critical role in securing the value of the organization and business collaboration.

Career after CIA certification course

In today's marketplace, certified internal auditors play an increasingly important role for businesses as they contribute to key functions such as corporate governance, risk management, internal control, fraud detection, and operations. An internal auditor with CIA training and who holds CIA certification can become an internal auditing manager, auditor, chief internal auditor, quality assurance manager, internal audit director or auditing manager.

Conclusion

CIA training and certification for an internal auditor can amp up your career in terms of promotions, hikes and salaries. CIA is the ultimate credibility for internal auditors looking to take their career to the next level.