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What is the difficulty level of the Certified Internal Auditor exam?
- February 8, 2024
- Posted by: marketing@netrika.com
- Category: Blogs
Certified Internal Audit Exam
The structure of a certified internal auditor examination ensures that the candidate is examined across the prime verticals of audit: internal audit basics, internal audit knowledge of elements, internal audit practice, and business acumen. Since a career as a CIA requires a sophisticated and technical skill set, this exam is intentionally difficult. Don’t let that discourage you! If you do fail any portion of the test, not all hope is lost. The IIA allows you to take the exam up to eight times during your program eligibility window.Each of these domains tests the candidate on relevant topics that range from risk management to internal control, compliance, business practices, and governance. While the examination in itself is structured as per the syllabus provided, aspirants might find the difficulty level of the CIA certification test on the higher side.
Moreover, the difficulty level of CIA certification can be attributed to different factors, including but not limited to the extent of the syllabus covered by the candidate, the knowledge acquired during CIA exam preparation, and practice sessions taken to focus on specific areas of internal auditing as per CIA standard, which includes-
Part 1: Essentials of Internal Auditing
Part 2: Practice of Internal Auditing
Part 3: Business Knowledge for Internal Auditing
Here is a closer look at the difficulty analysis of the Certified Internal Auditor Exam-
- As the Certified Internal Auditor exam covers a wide range of topics that are relevant to the roles and responsibilities these aspirants will eventually take up in their profession, they are expected to demonstrate exceptional proficiency in these domains. These sections include fraud, IT auditing, risk assessment & management, ethical practices, code of conduct, compliance and governance. This comprehensive knowledge of all these areas requires the candidate to invest time in CIA exam preparation and a deep understanding of auditing practices as well as principles.
- Considering the role of a certified internal auditor requires professionals to have in-depth knowledge as opposed to surface-level comprehension, this raises the difficulty level of the CIA exam as well. Professionals must acquire real-world auditing experience to scale their analytical skills. As the certified internal auditor exam is a globally recognized credential, it expects the candidate appearing for the exam to be able to analyze & interpret complex data and make logical recommendations.
- The exam format of certified internal auditor certification is another factor to consider when analyzing the difficulty level. The CIA certification exam combines scenario-based questions, multiple-choice questions and objective questions. Each of these is created to access different skills, knowledge, and competencies of the candidate. Aspirants must focus on practicing every pattern during their mock tests to manage time effectively, adapt to the different exam features, and perform their best during the actual CIA exam.
Certified Internal Auditor Certification
While the difficulty level of the CIA exam will vary from one candidate to another and how they have prepared, upgraded their skills, and practiced their mock papers, it is also essential to understand the scoring system of the CIA certification exam. As the CIA credential is awarded by the Institute of Internal Auditors (IIA), their certification programs are scored and validated using a rigorous process that includes third-party independent validation. The IIA uses a scaled scoring system to ensure that scores are consistent across exam formats and time. This means that applicants are not assigned a passing percentage; instead, they must obtain a specific number of points to pass. The passing score is 600 on a range of 250-750, with points gained for accurately answering questions. No points are removed for erroneous responses, so make an educated guess for each question and never leave one unanswered.
This may overwhelm the candidates with the difficulty level of the exam, but the bright light to focus on here is that with consistency in learning, allotting sufficient time to the CIA exam preparation, and considering enrolling for the CIA exam review courses, a candidate can turn around their challenging exam and pass it in their first attempt.
FAQ
Which one is more difficult to pass, the CIA or CFA exam?
In general, the CFA exam is considered more challenging than the CIA exam due to its broad scope and depth of knowledge required
Is the CIA exam difficult?
The CIA exam is known for being a difficult and comprehensive exam, and it is important for those who are interested in pursuing the CIA certification. The CIA exam is divided into three parts: Part 1, Part 2, and Part 3.
How long to study for CIA Challenge Exam?
To become a CIA, candidates have to meet the eligibility requirements and pass three exams. On average, it takes about 12-18 months to study and complete the exams.
How long does it take to prepare for CIA exam?
Our expert CIA instructors recommend that CIA candidates allocate at least 40 hours for Part 1 studies, 40 hours for Part 2, and 50 hours for Part 3. Your study time will vary based on your experience, reading speed and study preferences.