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The IIA provides two main global certifications: Certified Internal Auditor (CIA) and Certification in Risk Management Assurance (CRMA). The CIA is the first accreditation and classification for internal auditors that the IIA suggests that all internal auditors pursue and have. The CIA not only shows your credibility as an internal audit expert, but it also gives you a competitive advantage over your peers. The CIA is a three-part exam that covers the understanding, skills, and abilities required by today's internal listeners.
As a professional accountant or auditor seeking to energize your profession, you may have considered earning an audit certification. But you have several options for qualifying in accounting, so which one should you choose? if you intend to go down the path of an internal auditor, after that, Certified Internal Auditor (CIA) is the certification for you.
How much cost pay for IIA-CIA-Part1 Exam
- The cost of the IIA-CIA-Part1 Exam is $435.
Reference: https://na.theiia.org/certification/CIA-Certification/Pages/CIA-2013-Exam-Syllabus-Part-1.aspx
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IIA IIA-CIA-Part1 Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Governance, Risk Management, and Control | 30% | - Governance frameworks and processes
- 1. Governance models and best practices
- 2. Roles of board, management, and internal audit
- Internal control
- 1. Types of controls and control activities
- 2. Evaluating control effectiveness
- 3. Control frameworks and components
- Risk management
- 1. Internal audit role in risk management
- 2. Risk management frameworks (e.g., COSO, ISO 31000)
- 3. Risk appetite, assessment, and response
|
| Topic 2: Ethics and Professionalism | 20% | - IIA Code of Ethics
- 1. Rules of conduct and application
- 2. Principles: integrity, objectivity, confidentiality, competency
- Professional conduct and due care
- 1. Competence and continuing professional development
- 2. Due professional care in engagements
|
| Topic 3: Fraud Risks | 15% | - Internal audit responsibilities regarding fraud
- 1. Detecting fraud indicators
- 2. Investigation procedures and reporting
- Fraud concepts and types
- 1. Fraud triangle and fraud risk factors
- 2. Asset misappropriation, corruption, financial statement fraud
- Fraud risk assessment and prevention
- 1. Identifying and prioritizing fraud risks
- 2. Preventive and detective controls
|
| Topic 4: Foundations of Internal Auditing | 35% | - Purpose, authority, and responsibility of internal auditing
- 1. Internal audit charter requirements
- 2. Assurance vs. advisory services
- 3. Definition, mission, and core principles
- Independence and objectivity
- 1. Individual objectivity and safeguards
- 2. Organizational independence and reporting lines
- 3. Impairments to independence/objectivity
- Quality assurance and improvement program
- 1. Requirements and scope of QAIP
- 2. Conformance with Standards
- 3. Internal and external assessments
|