Become Certified Internal Auditor (CIA)
Become a Pioneer in
Audit
Certified Internal Auditor (CIA)
The Certified Internal Auditor (CIA) is a Globally recognized internal audit certification designed for Accountants who conduct internal Audits, it is offered by the Institute of Internal Auditors (IIA-USA). Auditors from more than 150 countries have been awarded with CIA certification. It is the IIA’s Premier designation for more than 40 years, the CIA sets the standard for excellence within the profession. Earning the CIA is an important step toward demonstrating your core internal audit skills and knowledge.
Becoming a CIA is the optimum way to communicate the knowledge, skills, and competencies needed to effectively carry out all the professional responsibilities as internal auditor, anywhere in the world.
CIA Certified
As the only globally recognized certification for internal auditors, the Certified Internal Auditor (CIA) designation proves that you:
• Possess current knowledge of The IIA’s International Professional Practices Framework (IPPF) and demonstrate appropriate use.
• Are able to perform an audit engagement in conformance with the International Standards for the Professional Practice of Internal Auditing.
• Understand organizational governance and can apply tools and techniques to evaluate risks and controls.
• Can apply the business, IT, and management acumen needed for internal auditing.
Levels of CIA
In order to complete CIA Certificate, the candidate must pass three parts of CIA Program to obtain a CIA Certificate.
CIA Part 1 consists of 125 questions and it is comprehensively aligned with the IIA’s International Professional Practices Framework (IPPF). It includes six domains covering the basic foundation of internal auditing, independence and objectivity, proficiency and due professional care, quality assurance and improvement programs, Governance, Risk Management and Control, Fraud Risk.
CIA Part 2 exam consists of 100 questions and includes four domains focused on managing the internal audit activity, planning the engagement, performing the engagement, and communicating engagement results and monitoring progress. Part 2 tests candidates’ knowledge, skills, and abilities particularly related to Performance Standards (series 2000, 2200, 2300, 2400, 2500, and 2600) and current internal audit practices.
CIA Part 3 exam consists of 100 questions and it includes four domains with focus on business acumen, information security, information technology, and financial management. Part 3 is specifically designed to test candidates’ ability, knowledge and skills. particularly as they relate to these core business concepts.
Career Paths and Jobs for CFA® Charterholders
As a CFA Charterholder, you will be considered as the apex for professional development in the global finance industry. Opportunities for growth exist in a wide range of finance sectors including:
Investment Management
Wealth Management
Financial Analysis
Corporate Finance
Risk Management
Private Equity and Venture Capital
Hedge Funds and Alternative Investments
Consulting
Eligibility
Here is the eligibility criteria in order to start the CFA program
| ENTRY REQUIREMENTS | EXIT REQUIREMENTS | |||
|---|---|---|---|---|
| Education | Valid Government Issued ID | Experience | 3 Exams | Experience |
| Master’s Degree (or equivalent) | X | Exit Requirement | X | 1 year IA experience or equivalent** |
| Bachelor’s Degree (or equivalent) | X | Exit Requirement | X | 2 years IA experience or equivalent** |
| Active Internal Audit Practitioner designation holder | X | Exit Requirement | X | 5 years IA experience or equivalent** |
| Experience* | X | 5 years IA experience or equivalent** | X | |
**Candidates who do not have a university-level degree or hold an active Internal Audit Practitioner designation may be approved into the CIA program if they already have five years of internal audit experience.
*Or equivalent
Experience in the following areas is considered equivalent to internal audit experience:
- Quality Assurance
- Risk Management
- Audit/Assessment/Disciplines
- Compliance
- External Audit
- Internal Control
Frequently Ask Question
Q1) What iss ACCA?
Ans) Association of Certified Chartered Accountants (ACCA) is a membership body which accredits and supports accountants all over the world. students pursue acca to become Certified Chartered Accountant recognized with over 80 global accountancy partners.
Q2)How long does it take to complete the ACCA qualification?
Ans) The course covers the following key areas:
• Law of Contract: Focuses on the formation, terms, and enforcement of contracts.
• Law of Tort: Explores areas like negligence, defamation, and liability.
• Human Rights Law: Examines key human rights issues, including the European Convention
on Human Rights.It typically takes around 3 to 4 years to complete the ACCA Qualification. On average, the students should spend approximately 3500 learning hours to complete the preparation.
Q3) Is ACCA recognized worldwide?
Ans)Yes ACCA is recognized in 180 countries globally with over 80 global accountancy partners. ACCA qualification is regarded by many employers across the globe.
Q4) Can I Study ACCA Online
Ans) Yes, you can study ACCA Online. there are many tutors available online. Furthermore Mirchawala’s Hub of Accountancy provides the best tuition classes with maximum tutor support.
Q5) How often are ACCA exams held, and where can I take them?
Ans) ACCA exams are held four times a year, in March, June, September, and December. They are administered at ACCA-approved exam centers located worldwide.
Q6) Can i join Demo Class Before Admissions?
Ans)Mirchawala’s Hub of Accountancy offers demo classes to students before admission. You can also visit Mirchawala’s website to watch demo classes of all ACCA exams.
Q7) Which is better: ICAEW or ACCA?
Ans) Both ICAEW (ACA) and ACCA are able to offer services to both public and private businesses. ACCA and ICAEW (ACA) both have the same academic level of certification as certified accountants. To qualify for BOTH the ICAEW (ACA) and the ACCA, it takes around 3/4 years.
Q8)Are the courses offered by Mirchawala's comparable to international standards?
Ans) Mirchawala’s Hub of Accountancy is an ACCA Gold-approved learning provider which means it exceeds the rigorous Gold performance targets set by ACCA. It has around 220+ both Worldwide and Nationwide positions and has a global presence with students all around the World. This ensures that the courses offered by Mirchawala’s are of international standards.
Q9) What qualifications are required to enrol in the Best ACCA Institute in Karachi, Pakistan?
Ans) To start your ACCA learning journey, you should have any of these three basic qualifications: O levels, matriculation, or intermediate. Mirchawala is the perfect place to enrol in an ACCA course and get the right guidance throughout the journey.