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CIA (Certified Internal Auditor) TRAINING COURSE

What is CIA? 

The CIA is the only globally accepted designation for internal auditors and the standard by which individuals demonstrate their professionalism in internal auditing. Moreover, earning the CIA designation is more than just proof of what you know and what you’ve achieved — it’s the best way for auditing professionals to communicate to the world that they are prepared to meet today’s challenges. Earning the CIA designation is a valuable accomplishment and a professional advantage for auditors at all stages of their careers, including chief audit executives, audit managers, audit staff, and risk management staff, as well as students enrolled in an accounting or other business or financial degree program.

Who should enroll? 

Any accounting and finance professional who wants to get into Auditing specialization and reach to a higher management level in the same field.

Candidates aspiring for CIA program will be eligible if the following criteria are fulfilled,

Educational level

  • Master’s degree (or equivalent)
  • Bachelor’s degree (or equivalent)
  • Associate degree, three A-level certificates with a grade of C or higher, (or equivalent)

Work Experience

  • 12 months of internal audit experience or equivalent
  • 24 months of internal audit experience or equivalent
  • 60 months of internal audit experience or equivalent

Course Benefits or Course Outcomes 

The CIA Certified Internal Auditor course provides you with the following benefits 

  • Global recognition
  • Higher earning potential
  • Greater learning with Institute of Internal auditor membership
  • Upgradation of skills 
  • Great career opportunities
  • Job security and chances of becoming the Chief Internal Auditor in the Corporate ladder

Exam Structure 

  • Three exam parts are balanced, clear, and uniform. 
  • Minimal duplication and overlap among exam parts. 
  • Aligned with The IIA’s International Standards for the Professional Practice of Internal Auditing
  • Up-to-date with the current global practice of internal auditing. 
  • Covers the knowledge, skills, and abilities exam candidates must possess to be the most competent and capable internal auditor possible.

Exam      Exam Duration      No. of Questions     Exam Grading  Passing Score 

Part 1       150 minutes                       125                                   250-700                   600 

Part 2      120 minutes                       100                                   250-700                    600 

Part 3      120 minutes                       100                                   250-700                    600 

 

EXAM PART – 1 INTERNAL AUDIT BASICS
Foundations of Internal Auditing (15%)
Independence and Objectivity (15%)
Proficiency and Due Professional Care (18%)
Quality Assurance and Improvement Program (7%)
Governance, Risk Management and Control (35%)
6Fraud Risks (10%)

 

EXAM PART – 2 PRACTICE OF INTERNAL AUDITING
1Managing the Internal Audit Activity (20%)
Planning the Engagement (20%)
3Performing the Engagement (40%)
Communicating Engagement Results and Monitoring Progress (20%)

 

EXAM PART 3-BUSINESS KNOWLEDGE FOR INTERNAL AUDITING
1Business Acumen (35%)
Information Security (25%)
3Information Technology (20%)
Financial Management (20%)