Steps to Becoming a Certified Internal Auditor

Obtaining the Certified Internal Auditor certificate necessitates fulfilling the Four E’s criteria established by The Institute of Internal Auditors (The IIA): Education, Ethics, Examination, and Experience. These four prerequisites must be met in the correct sequence within a three-year eligibility timeframe. Before undertaking the examination, candidates must fulfill the education and ethics criteria. Whilst the experience criteria can be fulfilled at any point, most candidates opt to clear the CIA exam first.

Internal Auditing Experience

To become a Certified Internal Auditor, a minimum of two years of professional experience in internal auditing or a related field is required. This experience has to be validated by your employer. The Institute of Internal Auditors (The IIA) acknowledges work experience in fields that are closely associated, like external audit, compliance, internal control, and quality assurance. The IIA allows a relevant master’s degree to count as one year of professional experience. All substitutions need approval from The IIA to satisfy the requirements for CIA certification.

What Does the Certified Internal Auditor Exam Cover?

To achieve the Certified Internal Auditor status, candidates must successfully complete an examination. This exam is divided into three sections, with a total duration of 6.5 hours and features 325 multiple-choice questions.

• Section one focuses on the fundamentals of internal auditing. It evaluates the candidate’s basic skills and comprehension of internal auditing concepts, such as governance, risk management, and control. This section also tests knowledge of industry standards, consulting, and quality assurance. The IIA allocates the most time, up to 150 minutes, for this section.
• Section two dives into the practice aspects of internal auditing. 60% of this section’s content is about the management, planning, and communication of audit results. The remaining 40% assesses the candidate’s ability to perform internal audits.
• Section three poses questions related to business aspects of auditing. This includes business acumen, financial management, information security, and IT. For sections two and three, candidates have up to 120 minutes each to complete.

How Can You Prepare for the CIA Exam?

Preparing thoroughly for the CIA exam can boost your self-assurance. Here are some strategies to consider while getting ready for the certified auditor test.

Understand the Exam Structure: The CIA exam adheres to a specific format. Gaining familiarity with each part can help you stay calm during the exam and manage your time effectively.

Attempt Sample Exam Questions: Addressing sample exam questions can aid in retaining significant information and enhancing your examination skills.

Establish a Study Routine: Determine the best timing, location, and conditions conducive to your learning and create a routine. A consistent study routine helps you maintain progress and prevents last-minute cramming.

Investigate Complex Concepts: Devote additional effort to delve into concepts that you find particularly challenging. Recognize your areas of weakness and allocate more time to these sections.

Leverage IIA Resources: Engage with a local chapter or participate in an online IIA forum. Numerous IIA members who have taken the CIA exam can provide valuable advice for test-taking.