What does it take to become a Certified Internal Auditor?

How To Become a Certified Internal Auditor

Certified internal auditors or finance professionals have obtained relevant certification from the CIA (certified internal auditor) or CPE (certified public accountant). A certified internal auditor has the credentials to perform internal audits, test control processes, and develop a necessary procedure to identify financial discrepancies and methods to avert account abnormalities.

The company employs certified Internal auditors as opposed to the external auditors who are hired to perform audits and review the company’s control structure. While this stable and highly revered job profile offers global exposure to the professional, it expands their career to an ever-evolving business landscape.

CIA Course in India

Certified internal auditors extend their expertise to examine the business operations in finance and accounts. They identify and define the business strategies to attain planned financial goals. It is this focused approach to flourish business operations, that a certified internal auditor must adhere to the standard eligibility structure.

Educational and Professional Eligibility for Certified Internal Auditor

• Bachelor of Commerce and Honours in Accounting
• Certified Internal Auditor designation
• Certified Public Accountant designation

• Certified Fraud Examiner certification

The aspirant must be thorough with the certified internal auditor course as prescribed by the CIA. The Certified Internal Auditor Course Details are:

• Internal Auditing: Foundations, objectivity, quality assurance, improvement program and fraud risks
• Managing the Internal Audit Activity, planning and performing the engagement and communicating results
• Business Acumen, information security, IT and financial management

Skills and Characteristics required by a Certified Internal Auditor

• Must be detail-oriented with a knack for problem-solving
• Critical-thinker adept at written and oral communication for transparency
• Exceptional organizational, logical and diagnostic skills
• Time-management skills with high work efficiency under pressure.
• Familiarity with computer applications and advanced financial databases.

Tasks and duties of a Certified Internal Auditor

• Verify the accuracy and reliability of the business financial data.
• Periodically review the business systems and operations to enhance risk management efficacy.
• Identify and evaluate the vulnerable areas or improvement corners and make financial budgeting recommendations to make amendments.
• Conduct audits and prepare unbiased reports with a detailed account of the current situation and elaborate on the prospects following the improvement plan.
• Monitor the revenue and expenditure for a streamlined process.
• Oversee the implementation of management approved suggestions.

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