How To Become a Certified Internal Auditor in 5 Steps

How To Become a Certified Internal Auditor in 5 Steps

As the business world continues to evolve, the need for a certified internal auditor has become more crucial than ever. Internal auditors are important in organizations to improve their operations, improve governance processes, manage risks, and enhance compliance. 

Internal auditor certification is a globally certified credential awarded by the he Institute of Internal Auditors (IIA). This designation is a testament to your skills, knowledge, and abilities. Since, this certification gives a platform for internal auditors to expand their career trajectory, and gain global networking opportunities, it is crucial that professionals understand the process that will guide them in becoming CIAs. Read more.

This blog delves into the 5 steps to become a certified internal auditor.

1. Be thorough with the CIA examination structure and curriculum

Understanding the examination curriculum is crucial to identifying what topics are relevant for internal auditing preparation. The CIA exam is rigorous and comprises three sections:

Part 1: The Essentials of Internal Auditing (125 questions in 150 minutes):  

 

• • Fundamentals of Internal Auditing

• • Independence and Objectivity

• • Proficiency & Due Professional Care

• • Quality Assurance & Improvement Program

• • Governance, Risk Management & Control

• • Fraud Risks

Part 2: Internal Auditing Practice (100 questions in 120 minutes):

 

• • Managing the Internal Audit Activity

• • Planning the Engagement

• • Performing the Engagement

• • Communicating Engagement Results & Monitoring Progress

Part 3: Business Knowledge for Internal Auditing (100 questions in 120 minutes): 

 

• • Business Acument

• • Information Security

• • Information Technology

• • Financial Management

2. Meet the eligibility criteria for CIA Certification

The process of becoming a CIA begins with meeting the educational and professional criteria. To be eligible for the certified internal auditor credential, a candidate must have-

 

• • Bachelor’s degree or an equivalent

• • Master’s degree or an equivalent

• • Active Internal Audit Practitioner designation holder

Professional Experience

 

• • Candidates with a master’s degree should have at least 1 year of internal audit experience.

• • Candidates with a bachelor’s degree should have at least years of internal audit experience.

• • Candidates who are active Internal Audit practitioner designation holders should have at least 5 years of internal audit experience.

• • 5 years of Internal audit experience candidates can apply to sit for the exam.

The CIA certification requirements also include a professional who has knowledge of internal audit standards, methodologies, and procedures for audits as well as a financial acumen to identify abnormalities. They should also possess analytical skills, attention to detail, and good communication skills. 

3. Submit the CIA applications and register for the exam

After meeting the eligibility criteria, you must pay the CIA certification fee, sign up online for the exam, and take the following actions:

 

• • Complete the online applications, with your proof of education and work experience. 

• • Register for the exam once your application is approved and then schedule it per your availability. 

4. Prepare for the CIA exam

As the CIA exam is comprehensive and requires a diligent study schedule, you must prepare your timetable accordingly. Leverage the study materials and practice tests, and develop a strategy to help you get ready for the CIA certification exam.

To help you achieve your dream of passing the CIA exam, you can consider enrolling in an instructor-led course. The CIA certification by Netrika is recognized as a hallmark of excellence in internal auditing. Netrika is proud of its commitment to providing professionals with specialized training programs that offer crucial industry insights. Our seasoned trainers incorporate practical insights and theoretical concepts to help candidates prepare well for the examination and achieve their goal of becoming certified internal auditors. 

5. Pass the CIA exam

Once you have prepared well for the CIA course certification, you can appear for the exam. Each exam part is scored on a scale of 250-750, with a passing score of 600 or higher. Considering the difficulty level, you must make sure your exam day is well-rested and time-managed.