CIA USA Overview

The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. Since the program’s launch in 1973, it has opened up countless doors of opportunity for practitioners around the world as it communicates their ability to serve as a key player in their organization’s success. Candidates leave the program enriched with educational experience, applicable knowledge, and business tools that can deliver a positive impact in any organization or business environment.

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  • The Certified Internal Auditor qualification is awarded by the Institute of Internal Auditor (IIA) USA and is the only professional qualification for Internal Auditors in the world
  • This qualification is recognized across the world and helps you get your due recognition in the Internal Auditor role
  • Certification opens doors to higher-level roles such as Chief Audit Executive (CAE), Risk Manager, and Compliance Officer. You will be reporting to the CEO/COO of the company directly
  • Once certified, you can also open your own audit consulting firm
  • Internal auditing skills are applicable across a variety of industries, including finance, healthcare, manufacturing, technology, and public sector organizations. This means it is industry neutral
  • In case you are a graduate, you need to have 2 years of working experience
  • In case you are a post graduate, you need to have at least 1 year of experience
  • In case you are a student, you need to have a valid college/university ID card. Students will be allowed to take all exams and the final certification will be awarded once the student completes graduation and has the required work experience
  • Relevant experience can be in the field of Internal Audit, Quality Assurance, Risk Management, Audit/Assessment/Disciplines, Compliance, External Audit OR Internal Control
  • Exams can be taken 365 days a year. This means you can book your exam as and when you are ready for it
  • Exams are online. As of now, there are options to give the exam from your home/office OR visit authorized Pearson Vue centers which are present across the world. There are more than 5600+ exam centers across 180+ nations
  • All questions are Multiple Choice Questions (MCQ) and there are no negative markings
  • The passing marks is 600 out of 1000 for all 3 parts

CIA USA Course Details

Part 1 Internal Audit Fundamentals

  • Section A – Foundations of Internal Auditing (35%)
  • Section B – Ethics and Professionalism (20%)
  • Section C – Governance, Risk Management, and Control (30%)
  • Section D – Fraud Risks (15%)

Part 2 Internal Audit Engagement

  • Section A – Engagement Planning (50%)
  • Section B – Information Gathering, Analysis, and Evaluation (40%)
  • Section C – Engagement Supervision and Communication (10%)

Part 3 Internal Audit Function

  • Section A – Internal Audit Operations (25%)
  • Section B – Internal Audit Plan (15%)
  • Section C – Quality of the Internal Audit Function (15%)
  • Section D – Engagement Results and Monitoring (45%)

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Frequently Asked Questions

What is the scope of Internal audit In India ?

Internal auditing activity is primarily directed at evaluating internal control. Internal control is broadly defined as a process, effected by an entity’s board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of the following core objectives for which all businesses strive:

  • Effectiveness and efficiency of operations
  • Reliability of financial and management reporting
  • Compliance with laws and regulations
  • Safeguarding of Assets

Eligibility Criteria to pursue CIA-US

To become a CIA, one must have an approximate four years of intensive college coursework to attain a bachelor’s degree in the appropriate major. The courses required to achieve this involve mathematics, accounting, and business analytics . The person also needs to have a 2 year working experience in Accounting / Finance / Audit field post graduation.

What are the testing centers?

CIA -US exam is written at Pearson VUE testing centers.

When do I take the exam? How exactly do I register?

The CIA exam is now fully computerized . The CIA exam registration and application is very straightforward because everything can be done online. IIA runs the Certification Candidate Management System (CCMS) that handles the entire application and registration process smoothly. It also allows you to monitor your certification progress, access exam scores, report the continuing professional education (CPE) credits, and print receipts for your exam fees at any time.

In order to sit for the exam, you need to go through a two-step process involving two layers of fees:

1. Application
2. Registration

Do I need to be a Member of IIA to write the CIA exam?

You can write CIA exams without being an IIA member, but members have to pay much less examination fee.

Is CIA-US is accepted in India?

Yes. Institute of Internal Auditors, India is affiliated to the parent body IIA, US.

Can I get jobs in India after completing CIA-US ?

CIA certification is a great platform for the Internal auditors to get exposure to international standards, also as it is globally recognized it will provide you with plethora of opportunities. The certification will provide you with specialization in the internal auditing domain showing your competency and giving you an edge for the consideration of promotion and other opportunities

How is the exam graded and what is the passing score?

The CIA exam grading system is similar to the other accounting exams. Since there are no essays, case studies and other long questions, all questions are equally weighted. Also, there is no penalty for wrong answers. The CIA exam minimum score to pass is 600. The score range is 250 to 750.

I do not have Audit Experience am I eligible to pursue the course ?

The person needs to have a 2 year working experience in Accounting / Finance / Audit field post graduation. Once graduated, one must become an intern or other entry-level auditor within an auditing-based job environment. After two years of relevant experience, that person becomes eligible for the exam .

Why should I do CIA?

The Certified Internal Auditor (CIA) designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. Professionals with CIA are considered to be masters in the Internal Audit and Control domain, a key to become Financial Controller/CFO/Chief Internal Auditor of any big MNC.

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