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Certified Internal Auditor (CIA)

Certified Internal Auditor (CIA)

Overview:

 The Certified Internal Auditor (CIA) is the only globally recognized certification for internal auditors. It is offered by the Institute of Internal Auditors (IIA) and is designed for professionals aiming to specialize in internal audit functions, internal controls, risk management, and governance within organizations.

Duration:

  • The duration to complete the CIA certification typically ranges from 12 to 18 months, depending on the pace at which the candidate prepares and attempts the exams.

Syllabus (Part-Wise Breakdown)

The CIA certification consists of three parts:

  1. Part 1: Essentials of Internal Auditing

    • Foundations of Internal Auditing

    • Independence and Objectivity

    • Proficiency and Due Professional Care

    • Quality Assurance and Improvement Program

    • Governance, Risk Management, and Control

    • Fraud Risks

  2. Part 2: Practice of Internal Auditing

    • Managing the Internal Audit Activity

    • Planning the Engagement

    • Performing the Engagement

    • Communicating Engagement Results and Monitoring Progress

  3. Part 3: Business Knowledge for Internal Auditing

    • Business Acumen

    • Information Security

    • Information Technology

    • Financial Management

    • Global Business Environment

Average Fees:

  • Registration Fee: USD 115 (INR 9,000 approx.)

  • Exam Fees (Part 1, 2, and 3): USD 230 per part (INR 18,000 approx. per part)

  • Total Average Fees: INR 55,000 - 60,000 (including registration and exam fees). Additional costs may apply for preparatory courses.

Exams to Attend:

  • CIA Exams: Candidates must pass three exams (one for each part). The exams are conducted by the IIA at Prometric centers. Each exam consists of multiple-choice questions and assesses the candidate’s knowledge in internal auditing practices.

  • Eligibility: Candidates must have a bachelor’s degree, two years of work experience in internal auditing (or related fields), and must abide by the IIA’s Code of Ethics.

Top 10 Institutions in India for CIA Preparation:

  1. Miles Education, Pan-India

  2. EduPristine, Pan-India

  3. International College of Financial Planning (ICoFP), New Delhi

  4. IMS Proschool, Mumbai

  5. Grant Thornton Academy, Bangalore

  6. The Wall Street School, New Delhi

  7. Simandhar Education, Hyderabad

  8. BSE Institute Limited, Mumbai

  9. Christ University, Bangalore

  10. ICAI New Delhi Chapter

Top 10 Institutions in Kerala for CIA Preparation:

  1. Miles Education, Kochi

  2. ICAI Cochin Chapter

  3. St. Teresa’s College, Ernakulam

  4. Rajagiri College of Social Sciences, Kochi

  5. Sacred Heart College, Thevara

  6. VidyaBharathi Group of Institutions, Thrissur

  7. MES College, Marampally

  8. Institute of Internal Auditors, Kerala Chapter, Thiruvananthapuram

  9. St. Albert’s College, Ernakulam

  10. Mar Ivanios College, Thiruvananthapuram

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