What is CIA? A Gist

What is CIA? A Gist

CIA is the certified internal audit certification, administered by the Institute of Internal auditors (IIA). There are many certifications, but if you are looking for most advantageous certification in the field of audit, CIA is the best choice for you.CIA is well known professional qualification. This certification promises to accelerate your success as a practiced and skillful internal auditor. If you are committed and willing it’s the best time to have a look on the CIA

Benefits of CIA

There are many  Benefits of CIA few of them are

·         Increased Income

·         Job opportunities

·         Job security

·         Respect

·         Admiration

·         Advancement of skills

·         Advancement of abilities

Requirements of CIA

To earn the certification candidate must meet the following requirements of CIA

·         Associate degree with five years experience in auditing field

·         Bachelor’s degree with experience of two years in auditing field

·         Master’s degree with experience of one year in auditing field

If candidate don’t have above mentioned degrees, he/she may be eligible, if holds seven years  work experience in auditing field . Work experience needs to be verified by a supervisor or a CIA, CCSA, CGAP, CFSA or CRMA

CIA exam

In 2019 online CIA exam was updated and now available in almost 12 different languages. It consists of 3 parts and these are core global syllabus  , lined up with internal auditors international

1.        Essentials of Internal Auditing

2.        Practice of Internal Auditing

3.        Business Knowledge for Internal Auditing

CIA exam syllabus

 

1: Essentials of Internal Auditing

In exam part 1 candidates will be able to understand all the applicable Institute of Internal Auditors (IIA) standards, implementation guides, and practice guides .This part focuses on the objectivity , responsibilities of internal audit , management and planning

1.       Foundations of Internal Auditing (15%)

2.       Independence and Objectivity (15%)

3.       Proficiency and Due Professional Care (18%)

4.       Quality Assurance and Improvement Program (7%)

5.       Governance, Risk Management, and Control (35%)

6.       Fraud Risks (10%)

 

 

2: Practice of Internal Auditing

Exam part 2  focuses on the steps used to conduct audit engagement, a way to document and report audit, tests the elements of fraud.

1.       Managing the Internal Audit Activity (20%)

2.       Planning the Engagement (20%)

3.       Performing the Engagement (40%)

4.       Communicating Engagement Results and Monitoring Progress (20%)

 

 

 

3: Business Knowledge for Internal Auditing

Exam part 3 focuses on quality management , regulatory and economic impacts , financial and managerial accounting and all about information technology and business analysis.

1.        Business Acumen (35%)

2.        Informational Security (25%)

3.        Information Technology (20%)

4.       Financial Management (20%)

 

There is a lot of practice test CIA in the market, but for guaranteed success first things to do is  purchase a best CIA exam review course .

         

         CIA exam duration and number of questions

 

PART                                                              Number of questions                              Duration

 

       1                                            125                                         2.5 hrs

       2                                            100                                         2 hrs

       3                                            100                                         2 hrs

                                              CIA guidance

The main purpose of this article is to provide you best online CIA guidance. As CIA exam is  computer based . The candidate can appear in exam on any day he/she wants, but candidates must pass the exam in four years. If a candidate fails in any part he/she must wait for 90 days to appear again in the exam. CIA certification is a great opportunity and investment for students to avail this opportunity student must pass exam in first attempt.

 

                                   Resource

Moreover, if you want any additional information about importance of the CIA, review courses of the CIA, exam tips and many more, click these links for further information

https://www.instagram.com/heretohelp_11

https://www.facebook.com/CMA-CIA-CPA-Training-Hub-117587116666556/   

https://twitter.com/Oliviajames1199

 

 

 

 

 


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