Overview

Importance of Certified Internal Auditor certification

A Certified Internal Auditor (CIA) is an important position in top companies. CIA professionals are in charge of assessing risk management, control and governance processes. They are part of the Finance departments and can advance in their career to become Controllers or CFOs (Chief Financial Officers).

A Certified Internal Auditor (CIA) qualification is the only globally recognized qualification for internal auditors. The CIA is awarded by the Institute of Internal Audit. The CIA offers various career opportunities as Internal Auditor, Audit Manager, Compliance Auditor, Investigation Auditing,Information Technology Auditing, Chief Internal Auditing and more.

1 - 2
Years

Online / Offline
Classes

40% - 45% Passing
Percentage

Global
Recognition

Consultation

We provide FREE Consultation session with experienced counselors.

+91 8800336720

Quick Enquiry

Offline Class
Online Class
Self Learning

CIA Eligibility

To qualify for the CIA you need to fulfill certain criteria related to education, work experience and some basic documentation. In order to appear for a CIA exam you have to be an active member of any one of the 17 accounting bodies such as CA, ACCA, CPA to mention a few.

  • To be eligible for a CIA exam, you must have a minimum bachelor’s degree from an IIA (Institute of Internal Auditors) approved institution.
  • The IIA also accepts degrees in various fields to encourage individuals from diverse educational backgrounds to pursue the CIA certification.You can also qualify if you have an active Internal Audit Practitioner designation, or five years of internal audit experience
  • You can also qualify if you have an active Internal Audit Practitioner designation, or five years of internal audit experience.

Besides the educational requirements, it is necessary that candidates possess some active work experience in fields related to internal auditing, internal controls, risk management, or similar fields. The corresponding amount of experience and expertise differs in proportion to their educational attainment.

  • 24 months of experience is appropriate for a holder of a bachelor’s degree.
  • A Master’s Degree holder would have 12 months experience in relevant work related to the degree.
  • Associate's Degree or Equivalent: five years of relevant working experience.

For those candidates who have earned a Master degree or above in a relevant field, they can be exempt from some years of experience requirement. Furthermore, those with additional professional qualifications such as CPA, CA, or ACCA may be given additional waivers.

Applicants will be asked to append a character reference form in which they will have at least one signature from a CIA or an IIA member or from the immediate supervisor. This requirement ensures that all the persons who are seeking employment as internal auditors exhibit adherence to ethical ideas, which is a requisite in this career.

Enroll Nowarrow_forward
cia
cia

CIA Course Duration

You can prepare for the CIA course in three parts. Based on your study schedule and preparation the CIA course can take between 12 to 24 months. The IIA gives candidates 3 years to complete the program. You can take the exams in any order and schedule it as per your convenience. Once you pass the tests you will become a full-fledged CIA professional with

  • Duration: It is usually prepared within two to three months.
  • Content: This section analyzes the principles of internal audit and covers key concepts such as governance, risk, control, and corporate governance. The scope also touches upon the functions of internal audit departments as well as the internal auditors’ roles in organizational governance.

  • Duration: It takes a period of 3-4 months to prepare this section.
  • Content: This section of the course details all aspects of internal auditing practice, including the structure of the internal audit department, audit opportunities, planning and management of audits, as well as financial execution for the audits’ process. Auditing tools and methods prevalent in practice are also presented.

  • Duration: It normally takes 4–6 months to prepare for this section.
  • Content: This section explains business fundamentals and the core business functions that are vital for internal auditors’ professionals. Some fields of research include finance, IT, and correlation risk mitigation.

The total preparation time for the entire CIA certification is generally between 9 and 12 months, though this can vary depending on individual circumstances. To complete all three parts of the exam for which the IIA registered, candidates will be given the maximum duration of not more than three years after procurement of all the antenatal care needed for the examination.

CIA Fees

The cost of the CIA certification can be unique for each individual based on their location, membership with IIA, and the number of exam parts they wish to cover. Below is a general analysis of the actual costs associated with the CIA certification.

Application Fee

  • IIA Members: $115 (USD)
  • Non-Members: $230 (USD)

Exam Fees (per part)

  • IIA Members: $280 (USD) per part
  • Non-Members: $395 (USD) per part

Other Fees

  • Retake Fee: These apply in the case where the candidate has attempted one or some parts of the exam and wishes to take those again. The fees charged are similar to the initial exam fee of the part.
  • Rescheduling Fee: Similarly, if you choose to reschedule your exam, you will be required to pay a fee of $75 (USD).

Total Cost

The most an IIA member can literally spend on taking and passing all three parts of the CIA exam is about $ 955, while a non-member can expect to spend about $ 1415. Once again, related costs will pertain to such materials as these have been purchased prior to taking the exam. These costs exclude expenses related to the acquisition of the necessary materials for implementation of classes or other courses aimed at enhancing your skills that you may decide to take up.

Why Choose MyLogic?

MyLogic is the leading coaching institute for professional finance courses. With highly qualified and experienced trainers and industry professionals, MyLogic does not leave a leaf unturned in enabling students achieve their goal. Here are highlights about MyLogic -

img

Approved Learning Partner

img

Advanced Learning Platform

img

Physical Classes

img

Affordable Quality Education

img

Simulated Mock Exams

img

Placement Assistance

100% Placements!

We are committed to your success. Enroll with us for the CIA certification and guarantee your interview with top MNCS

Clint Images
Accounting
Abhijith A
Placed at
Clint Images
Clint Images
Accounting
Bharath
Placed at
Clint Images
Clint Images
Finance Consultant
Vishnu Raj M
Placed at
Clint Images
Clint Images
Financial Planning Analyst
Srishti Gupta
Placed at
Clint Images
Clint Images
Accounting
Mohammad Sadath
Placed at
Clint Images
Clint Images
Credit and Collections Analyst
Thomas Joseph
Placed at
Clint Images
Clint Images
Analyst I-Financial Business
Vijay Kumar D
Placed at
Clint Images
Clint Images
Technical coordinator
Vishnu Manoj
Placed at
Clint Images
Clint Images
Accounting
Mohammad Sadath
Placed at
Clint Images
Clint Images
Credit and Collections Analyst
Thomas Joseph
Placed at
Clint Images
Clint Images
Analyst I-Financial Business
Vijay Kumar D
Placed at
Clint Images
Clint Images
Technical coordinator
Vishnu Manoj
Placed at
Clint Images
Clint Images
Accounting
Abhijith A
Placed at
Clint Images
Clint Images
Accounting
Bharath
Placed at
Clint Images
Clint Images
Finance Consultant
Vishnu Raj M
Placed at
Clint Images
Clint Images
Financial Planning Analyst
Srishti Gupta
Placed at
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images

Testimonials

img

Anjali Verma

"MyLogic's CIA course was incredibly insightful! The structured modules and real-world case studies helped me grasp the complexities of internal auditing. The instructors were knowledgeable and always available for support. I passed the exam on my first try!"

img

Rajesh Patel

"Enrolling in MyLogic’s CIA program was a great decision. The interactive lessons made learning engaging, and the flexibility allowed me to study while working full-time. The mock exams were particularly helpful in preparing me for the real test."

img

Sneha Iyer

"I can't thank MyLogic enough for their comprehensive CIA course. The study materials were well-organized, and the community support from fellow students was invaluable. I felt confident going into the exam and successfully earned my CIA certification!"

img

Vikram Reddy

"My experience with MyLogic's CIA course was fantastic. The instructors were experts in their fields and provided personalized feedback on assignments. The course not only prepared me for the exam but also enhanced my understanding of internal audit practices."

img

Meera Sharma

"Completing the CIA course at MyLogic was a transformative experience. The balance of theory and practical application was perfect. The support network of students and alumni was a huge boost to my confidence. I’m proud to be a certified internal auditor now!"

Journey With Mylogic

Step 1

Enquire with us

Step 2

Consultation Session

Step 3

Batch Assessment

Step 4

Course Completion

Step 5

Exam Qualification

Step 6

Placement Assistance

CIA Certification

You will get your CIA certification once you pass the 3 levels of allocated tests. You can appear for the three-part computer based exam from anywhere in the world. Once you obtain the CIA designation it means you have a thorough knowledge of the IIA”s International Professional Practices Framework and you are now eligible to carry out audits in accordance with global internal audit standards.

Maintain your skills & knowledge through CPE (Continuing Professional Education)

After completing the CIA course you will need to fulfill the CPE. The IIA mandates its members gain at least 40 cred hours of CPE every year as part of the continuing education. This helps internal auditors to fine tune their skills, keep up with current auditing trends and innovations. The CEP involves an eclectic mix of seminars, lectures, courses, educational events.

certificate

CIA Syllabus

The syllabus of the CIA exam also contains many important ingredients that are essential for the internal auditors. As is the case with any examinee, the syllabus of the institute in this case outlines three sections of the examination.

Part 1: Essentials of Internal Auditing

The Basics of Internal Audit
  • Independence and Objectivity
  • Competence and Due Professional Care
  • Quality Assurance and Improvement Program
  • Cross Governance: Risk-Control
  • Fraud Risks

Part 2: Practice of Internal Auditing

The Internal Audit Function
  • Engagement Planning
  • Engagement Execution
  • Communicating Engagement Results

Part 3: Business Knowledge for Internal Auditing

  • Business Acumen
  • Information Security
  • Information Technology
  • Financial Management
  • Global Business Environment

NOTE: As is the case with every section in the course calendar, the aim in practicing such activities is mainly to assess the somebody in relation to her background and comprehension of survival and operating dares of internal audit. Therefore, subjects related to preliminaries of the syllabus are crucial, and the candidates are advised to take their time reviewing the syllabus contents before any examination since it will assist them in making the best preparations upon the stems they are unclear about.

About  Course Material

Enhancing an individual’s performance in the CIA examination is dependent, among other things, on the skills and knowledge study aids that one has. Major recognition and warrants concerning studying aids are provided by the IIA, which offers:

CIA Learning System

The official IIA Resources consist of the CIA Learning System, which guarantees coverage for all three parts of the exam. As well as books, the IIA offers online and computer learning, practice questions, and explanations of key concepts covered in each topic. The learning system in both print and electronic versions is available to the candidates to enable them to study at a suitable speed.

CIA Exam Practice Questions

Knowing how the real test will be and the level of difficulty is accomplished by the use of practice writing test questions. There are practice questions and mock tests offered by the IIA that assist the candidates at this crucial stage to assess their preparedness and pinpoint some aspects that would need more effort.

Textbooks and Study Guides

Apart from the official CIA Learning System, there are supplemental materials, especially textbooks and manuals, that also encompass the topics of the CIA exam syllabus in detail. Such resources are mostly case studies, real-time examples, and practical tips that help one pass the exam.

Online courses and webinars

A great number of educational providers have a tendency to offer a wide range of courses and webinars within the framework of the preparatory CIA exam program. These instructional courses incorporate learning in a systematic way, with the help of qualified individuals and support materials to be able to focus on preparations.

Study groups and forums

Participation in a study group, especially for the CIA exam, or taking part in online forums might also be of help. This study forms a basis for tackling more goals, discussing tough issues, learning different ways to study, and encouraging each other in the course of preparation.

MyLogic Leadership

img

CA Vinod Chandran

Chartered Accountant

An entrepreneur at heart, Vinod Chandra, Founder, MyLogic is a Chartered Accountant and holds a certificate in Specialized Executive Finance Program from IIM Lucknow. Having begun his professional career with Hindustan Aeronautics Ltd (HAL), he played a pivotal role in the Helicopter pricing strategies and had a significant role in finalizing major contracts for the Ministry of Defence. He moved on to occupy a top management position at CapGemini, France where he led Global Commercial Finance for 3 years. He also held the position of Finance Controller - Operations (India) for Century Link Technologies, USA.

Vinod is a subject matter expert and a keen academician. He has a vision of furthering career opportunities for Indian students in the finance domain. As Founder of MyLogic he has enabled thousands of students in India to carve out a promising career in Finance opening the doors for them to explore global opportunities.

Assignments & Exam Practice Sessions

Assignments and practice questions are incorporated in the training to help students get a comprehensive understanding of the concepts.

MyLogic offers over 2000 practice questions which build confidence in the students and prepares them for the exam. Practice questions are the key to performing well in the exam.

college

What you get

Free Access to Online Mock Test, Question Papers, Alumni network, Interpersonal Skill development, Course Material, Profile Building

Access to Forum, Trending Topic Preparation, Quality Education, One 2 one doubt clearing session, Webinars.

thesis-concept

Frequently Asked Questions

Among the many certification programs for internal auditors, the Certified Internal Auditor (CIA) credential is the only credential that is widely recognized around the world and is exclusively given out by the IIA. The registered practices give one’s assurance competence, which in this case is about an internal audit, and also the commitment bearer of the highest standard practice relative to other professions.

The period of time for reaching a CIA designation depends on one’s study routine and how well one is acquainted with the material. On average, candidates manage to finish the certification for 9–12 months. However, the IIA does not impose such restrictions and gives up to three years to pass all exam parts.

A bachelor’s degree (or equivalent) and relevant working experience are the minimum requirements for achieving the certification in the internal auditing of the given candidates.The professional experience required depends on the educational qualification, which in this instance ranges from 12 months to five years.

IIA members approximate the cost of completing all three parts of the CIA exam at about $955 (USD), whereas nonmembers expect to incur about $1415 (USD). Such costs cater for application and exam fees, less study materials.

In order to keep the management of certification active, CIA should be spending 40 hours per year on continuing professional education (CPE). This is essential because there is a need for CIAs to be well versed in the prevailing trends in the industry and the best practices.

The IIA's CIA Learning System is the recommended method for studying for the examination. It encompasses very helpful comprehension resources, illustrative example questions, as well as clarifications of crucial topics to be studied. Valued materials for this test’s preparation include many other types of practice questions, textbooks, online courses, and study groups.

Considering the CIA exam structure, if you do not pass any exam, you can sit for that exam again. Regardless, there are restrictions, such as waiting for at least 90 days to take the same exam. It has retake fees, which are equivalent to the initial exam fee for that part.

The CIA certification showcases proficiency in internal auditing, boosts career prospects, and offers worldwide recognition.

Any professional interested in internal auditing can take the CIA exam, provided they meet the eligibility criteria set by the IIA.

Membership is not required to take the CIA exam, but it provides discounts and other benefits.

Study time can vary, but candidates should spend 200-300 hours in total to prepare for the CIA exam.

Yes, candidates can reschedule their exam through Pearson VUE, subject to specific rules and guidelines.

The required pass rate for the CIA exam is between 40% and 45%.

You need to submit the experience that has been verified by your superior, attesting to your relevant work experience.

Yes, you need to renew the certification annually by reporting CPE credits and paying a renewal fee.

The roles of CIA professionals include internal auditor, risk manager, audit manager, and chief audit executive (CAE) across various organizations.

The salary of CIA professionals can vary based on experience and location, but they typically earn more than non-certified auditors.

You can schedule your CIA exam after you have received Authorization to Test (ATT) from the IIA.

The IIA does not provide refunds for the CIA exam.

Exam results will be posted on your IIA profile within 48 hours after the completion of the exam.

CIA exams are available in several languages, including English, Spanish, Chinese, and French.

Quick Enquiry