Introduction
The Certified Internal Auditor (CIA) training program is addressed to the professional who would like to pursue the world’s premier certification in Internal Auditing. The CIA training program is based on the detailed requirements of the CIA syllabus and leads to the award of the CIA designation by the Institute of Internal Auditors (IIA) of the United States of America.
Whilst more than 40,000 internal auditors from more than 100 countries worldwide hold the CIA designation, in Romania the number of individuals having this prestigious title is limited. This fact makes the CIA one of the most sought-after professional qualifications by those professionals who have the commitment and determination to reach the top.
Course Objectives
The IIA's premier certification is the CIA designation.
The CIA title reflects competence in the principles and practices of internal auditing and serves as the only internationally accepted designation for internal auditors.
Attaining the CIA designation outwardly signifies your achievement and commitment to the profession. Whether you choose to stay within the field of internal auditing or move up within your organization, the broad-based understanding of business, risk, and control required of CIAs will serve as an invaluable base of knowledge.
The CIA qualification is awarded by the IIA after successful completion of the CIA exams and 2 years approved practicing experience.
CIA candidates are required to complete 24 months of internal auditing experience or its equivalent. Equivalent experience means experience in audit/assessment disciplines, including external auditing, quality assurance etc. Related business professions (such as accounting, law or finance) can be substituted for one year of experience, but candidates will not be certified until the experience requirement has been fully met.
Individuals who pursue the CIA title earn one of the most prestigious professional qualifications in the world and have, amongst others, the following advantages:
■ High quality training in all aspects of internal audit
■ High career prospects as highly qualified professionals
■ Confirmation of their potential to reach the top.
Entry Requirements
CIA candidates must hold a Bachelor’s degree or its equivalent from an accredited college-level institution.
In addition, certain international professional designations such as ACCA, ACA and CAT are accepted as equivalent and, additionally, may grant their holders exemption from Part IV of the examinations.
Applicants who do not possess a Bachelor’s degree and who are unsure whether their educational achievements or professional designation qualify as equivalents, should submit related educational/professional information with
their application and include a cover letter requesting review by the Board of Regents of the IIA.
Course Duration
Candidates have an initial eligibility period of two years after their registration is approved. In addition, each time a candidate sits part of an exam, his/her eligibility period is extended for two years from the date of that exam. A candidate’s eligibility expires only if the candidate does not take a single exam within any two-year period. If a candidate’s eligibility expires, the candidate loses credit for any part or parts passed and must submit a new application form in order to take future examinations.
The CIA Course Structure
The CIA examination structure is fairly simple. It is offered in four parts of 100 multiple-choice questions per part.
PART I: The Internal Audit Activity's Role in Governance, Risk & Control
AREAS WEIGHT IN THE EXAM
Comply with the
IIA’s Attribute Standards 15%-25%
Establish a Risk-based plan to
Determine the Priorities of the
Internal Audit Activity 15%-25%
Understand the Internal Audit
Activity’s Role in Organizational
Governance 10%-20%
Perform Other Internal Audit Roles
and Responsibilities 0%-10%
Governance, Risk and Control
Knowledge Elements 15%-25%
Plan Engagements 15%-25%
PART II: Conducting the Internal Audit Engagement
Conduct Engagements 25%-35%
Conduct Specific Engagements 25%-35%
Monitor Engagement Outcomes 5%-15%
Fraud Knowledge Elements 5%-15%
Engagements Tools 15%-25%
PART III: Business Analysis & Information Technology
Business Processes 15%-25%
Financial Accounting and Finance 15%-25%
Managerial Accounting 10%-20%
Regulatory, Legal and Economics 5%-15%
Information Technology (IT) 30%-40%
PART IV: Business Management Skills
Strategic Management 20%-30%
Global Business Environments 15%-25%
Organizational Behavior 20%-30%
Management Skills 20%-30%
Negotiating 5%-15%
Important Dates
Registration for Computer Based Exams (CBE) will begin 1 April 2008. A canditate will have six months after registration to sit for the registered exam part(s).
Examination Rules
As of May 2008 the Examinations will be Computer Based (CBE) and will have a durarion of 3 hours.
A scaled score of 600 points or higher is required to pass the CIA exam. (A scaled score of 600 would be the equivalent of achieving 75 percent correct on an exam of appropriate difficulty).
A non-programmable calculator with only addition, subtraction, multiplication, division, square root, and percentage functions can be used during the examination. Candidates may also use a translation dictionary if the exam is not in their native language.
Examinations will be offered all year round subject to availability of the local examination centre.
You can click here for the CIA Timetable