What is the process to become an internal auditor in India?

Becoming an Internal auditor in India

Becoming an Internal auditor in India requires a combination of the right skill set, education, expertise in the relevant field, and a globally accepted certification that can vouch for professional development. Moreover, a professional who wishes to obtain the profile of an internal auditor also needs to continually update their skills to stay relevant in the evolving professional landscape. Read more.

Certified Internal Auditor

While a candidate with any professional background can become an internal auditor if they meet the required criteria, obtaining a revered internal auditor certification is the key to getting a scaling career with a high pay package and global recognition. One such in-demand credential is the CIA (Certified Internal Auditor).Read more.

The CIA is the only internationally recognized title for internal auditors and the benchmark by which they are judged to be professionally competent in the field. Additionally, obtaining the CIA designation is the best way for auditing professionals to demonstrate to the world that they are equipped to handle the problems of the modern world. 

To obtain the CIA credential, a professional has to follow a standard process, which includes-

1. Meet the Eligibility Criteria of Education & Professional Requirements

• Bachelor’s Degree (or Equivalent): To take the exam, a candidate must have a bachelor’s degree, however, they are not required to have the necessary work experience. They also need to have two years or more of equivalent expertise in internal auditing.
• Master’s Degree Holders (or Equivalent) A master’s degree holder is eligible to take an exam (before gaining the necessary work experience). They also need to have at least a year’s worth of expertise with internal audits, or something comparable.
• Candidates may apply to take the CIA challenge exam if they hold an active internal audit practitioner designation. They should also have at least five years of experience in internal auditing, or the equivalent.
• Candidates who have completed five years of internal auditing or have equivalent experience can also take the exam. There is no additional experience required for these experts to meet the eligibility requirements.

2. Garner the skills required for an internal auditor

A professional with an understanding of internal audit standards, techniques, and audit procedures, as well as the financial acumen to spot irregularities, is required for CIA certification. They have to understand the moral and legal positions that an organization takes. They should also have strong communication abilities, analytical abilities, and attention to detail. 

3. Apply for the CIA Exam

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

• Enrol in the certified internal auditor course, make use of the study materials and practice tests and develop a strategy to help you get ready for the CIA certification exam.
• Within ninety days of receiving the cash for the examination, submit all supporting documentation.
• Upon approval of your documents, your CIA certification will be issued. 

For all those professionals who are serious about clearing their CIA exam on their first attempt, Netrika offers specialized training packages that deliver critical skills and provide insightful information on the inner workings of the industry. Our team of professionals keeps a close eye on the most recent advancements and industry best practices across industry verticals. We design courses that teach information and employable skills that go beyond the confines of traditional education. Our objective is to provide you with a thorough understanding of the sector so you can stay up to date on changes and be successful in your responsibilities within it.