Is the Certified Internal Auditor Exam worth it?

As a CIA, you won’t have to settle simply for financial stability. Instead, you can enjoy financial success. The IIA reports that CIAs in the U.S. earn an average of $38,000 more annually than those without the certification. That means you can be making as much as 51\% more than your non-certified peers.

How valuable is the CIA certification?

Earning the CIA designation is a valuable accomplishment and a professional advantage for auditors at all stages of their careers, including chief audit executives, audit managers, audit staff, risk management staff, and also students enrolled in an accounting or other business or financial degree program.

Do you need a CIA to be an internal auditor?

Candidates must exhibit high moral and professional character and must submit a Character Reference signed by a CIA, CGAP, CCSA, CFSA, CRMA, QIAL, or the candidate’s supervisor.

What can I do with a CIA certification?

Jobs for Those With a CIA Certification

• Audit specialist.
• Junior Auditor.
• Senior Auditor.
• Audit manager.
• Supervisory auditor or accountant.
• Operational risk consultant.
• Staff internal auditor.
• Compliance auditor.

How often is the CIA exam offered?

The CIA Exam is offered on demand year-round. Candidates must schedule their exam within 180 days of registering for the exam.

Which is harder CIA or CPA?

Not only is the CPA Exam more complicated and more demanding than the CIA exam, but the CPA Exam also allows less time to pass than the CIA exam does.

Is Certified Internal Auditor hard?

The CIA Exam is a tough test with a passing rate that hovers around 40\%.

How much does an internal auditor earn?

After 2 years within the field at the manager level, an internal auditor can typically expect a salary of between R550-750K. Likewise, at the controller level (5 yrs’ exp), you would expect a salary of between R750-900K.

Does CIA certification expire?

Candidates approved into the CIA program AFTER 1 September have 3 years from application approval to complete the CIA program. Candidates who expire out of the CIA program AFTER 1 September (and who reapply and are approved) have 3 years to complete the CIA program. I failed an exam and want to retake it.

Is internal audit in demand?

Qualified internal auditors are almost always sought after. The demand for internal auditors is on the rise, as compliance requirements demand that most large companies maintain an internal audit function. Internal auditors are needed to assess risks, such as cybersecurity, fraud and the corporate reputations.

How difficult is the certified internal auditor exam?

How is CIA exam scored?

How is the CIA Exam scored? Each CIA Exam Section is graded on a scaled score of 25-750, with a score of 600 being required to pass. Objective questions are mechanically graded and must be answered correctly to receive credit. Comments and/or calculations pertaining to an answer are not considered.

Why become a Certified Internal Auditor (CIA®)?

As the only globally recognized internal audit certification, becoming a Certified Internal Auditor® (CIA®) is the optimum way to communicate knowledge, skills, and competencies to effectively carry out professional responsibilities for any internal audit, anywhere in the world.

How long does it take to become a Certified Internal Auditor?

Certified Internal Auditor® (CIA®) Eligibility Requirements. To align with the three-part CIA exam, the CIA program eligibility window has been adjusted from 4 years to 3 years. This reflects the amount of time typically required to complete the certification process.

How much can you earn with a CIA certification?

According to a report published by IIA, the average CIA certificate holder earns $38,000 more per year than non-CIA holders. This means once you are certified, you will be earning almost 51\% more than non-CIA certified internal auditors. We have also compared CIA with CISA, another auditing certification focused on information systems audit.

Is there a new CIA exam now?

NEW CIA Exam Now Available. As the only globally recognized internal audit certification, becoming a Certified Internal Auditor® (CIA®) is the optimum way to communicate knowledge, skills, and competencies to effectively carry out professional responsibilities for any internal audit, anywhere in the world.