CIA Course
Earning the Certified internal auditor (CIA) Certification make you grow up the corporate ladder in Audit field. Considering the increasing demand for Internal auditors’ profile globally, the Certified internal auditor qualification has become a single-handed recognised certification in the world. At Simandhar Education, we will guide you through entire registration process with IIA USA (Institute of Internal Auditors, USA) and ensure you're ready for CIA exam.
What is Internal Auditing?
The Institute of Internal Auditors (IIA) has developed the globally accepted definition of internal auditing, as follows: Internal Auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
What Will You Learn In Our CIA Focused Training Course?
- Information Technology and Financial Management
- Business Acumen and Information Security
- Proficiency and Due Professional Care and Fraud Risks
- Foundations of Internal Auditing, Governance and Risk Management
- Performing and Communicating Engagement, Monitoring Progress
- Managing Internal Audit Activity and Planning the Engagement
Eligibility
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
CIA Exam Fee
| Pricing | Non-Members | Global Members |
|---|---|---|
| Application Fee | $230 / ~ Rs 15,904 | $115 / ~ Rs 7,952 |
| CIA Exam Part 1 | $395 / ~ Rs 27,313 | $280 / ~ Rs 19,361 |
| CIA Exam Part 2 | $345 / ~ Rs 23,856 | $230 / ~ Rs 15,904 |
| CIA Exam Part 3 | $345 / ~ Rs 23,856 | $230 / ~ Rs 15,904 |
CIA Syllabus
- 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%)
- Fraud Risks (10%)
- Managing the Internal Audit Activity (20%)
- Planning the Engagement (20%).
- Performing the Engagement (40%)
- Quality Assurance and Improvement Program (7%)
- Communicating Engagement Results and Monitoring Progress (20%)
- Business Acumen (35%)
- Information Security (25%)
- Information Technology (20%)
- Financial Management (20%)
Overall course comparison
| Particulars | CIA | US CPA Course | US CMA Course | CISA Course | CA Course(India) |
|---|---|---|---|---|---|
| Exam Body | Institute of Internal auditors- IIA | American Institute of Certified public Accountant-AICPA | Institute of Management Accountants- IMA USA | Management Accountants- IMA USA Information Systems Audit and Control Association-ISACA | Institute of Chartered accountants of India – ICAI |
| Careers | Institute of Internal auditors- IIA | American Institute of Certified public Accountant-AICPA | Institute of Management Accountants- IMA USA | Information Systems Audit and Control Association-ISACA | Institute of Chartered accountants of India – ICAI |
| Exams | 3 parts | 4 exams | 2 parts | 1 exam | 3 levels |
| Duration | 10 months | 10 months | 8 Months | 6 months | Objective |
| Exam pattern | Objective | Objective and SIMs based- Case laws | Objective and SIMs based- Case laws | Objective | Descriptive |
| Passing percentage | 60% | 55% | 50% | 55% | 5% |
| Passing exam scores | 75% | 75% | 75% | 50% | 50% aggregate |
Every course has its own pros and cons and one need to select course based on one’s own specialisation
Benefits and Role of CIA
- Global recognition
- Higher earning potential
- Skill upgrades
- Great career opportunities
- Greater learning with Institute of Internal auditor membership
- Job security and Chances of becoming the Chief Internal Auditor in Corporate ladder
- Move from Traditional based audit to more analytical and technology-based audit making internal auditor function go up substantially
- Internal auditors are expected to provide recommendations for improvement in areas where deficiencies are identified.
- Rising demand for investigations and process improvements
- Critical role in protecting the organisation value and business partnering.
Key Takeaways
Here we have enlisted the pivotal reasons of why one should pursue the Guidance for CIA certification from Simandhar Education
A sophisticated online test bank, and easy-to-read, spiralbound focus notes
Simandhar Education provides you with access to 75 hours Live Interactive classes from anywhere in the world
Provides the facility to access recorded videos for students who seek to revisit the material taught.
Supports its students by placing them in Top F & A companies, Big 4 etc
Provides support to its students in handling the criticalities of Exam Registrations
Meet our Trainer
Hi Everybody! I am Sudha Murthy, and I will be your main instructor during the CIA training course. I have experience in Audit and Enterprise Risk Services of GAAP and IFRS based Financials, IFRS Convergence, and I am very passionate about this field. Register for the course and let's meet. I believe in Constant updating of knowledge, Willingness to learn and explore new avenues, Out of the box thinking, and Helping people grow.
Frequently Asked Questions(FAQ's)
- Part 1 : 2hrs 30Min 125 MCQ’s
- Part 2 : 2hrs 100 MCQ’s
- Part 3 : 2hrs 100 MCQ’s
Contact Details
+91-7780273388
[email protected]
www.simandhareducation.com
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