Certified Internal Auditor – CIA is a designation sponsored by the Institute of Internal Auditors – IIA. To date, the Institute has certified more than 50,000 qualified internal auditing professionals around the world. The IIA certification program has been developed for the purpose of granting professional recognition to those having mastery over that body of knowledge. Mastery is determined by successful completion of CIA.
The designation of the CIA has reflected, for more than 25 years, competence in the principles and practices of
internal auditing and has served as the only internationally accepted designation for internal auditors.
Attaining the CIA designation outwardly indicates your achievement and commitment to the profession. Furthermore, it offers you additional expertise and thorough knowledge of operations; The CIA is a valuable resource to executive management and boards of directors in accomplishing overall goals and objectives. The CIA designation makes a world of difference no matter where you choose to practice internal auditing.
Advantages of being a CIA:
» Have the professional ability to efficiently control, identify risks, and examine remedies with respect to current practice of internal auditing. » Understand the 21st century management principles. » The worldwide recognition of the CIA designation allows members the opportunity to practice globally in the field of internal auditing. » Upward movement in the internal auditing profession. » Being distinguished from other candidates competing for the same job. » Access to more and higher paying jobs. » Personal satisfaction for attaining a recognized and prestigious measure of competency. » Professional and social status. » Facilitates auditor’s transition to top management positions.
Main Function of CIA:
» Evaluating the effectiveness of financial and operating controls. » Testing for compliance with company plans, policies, and procedures. » Determining the extent to which company assets are accounted for and safeguarded from loss or damage. » Evaluating the reliability of management data generated within the organization. » Measuring the effectiveness of company performance. » Review the economical and efficient use of resources. » Furnishes top management with analysis, appraisals, recommendations, counsel, and information concerning the activities reviewed. » Establishes operational goals and objectives. » Encompasses financial activities and operations including: Systems,
Production,
Engineering, Marketing, Human Resources
Career Opportunities in the field of Internal Auditing:
Currently, firms seeking internal auditors are increasingly specifying the CIA designation as the desired professional credential and the evidence of professional competence. Those firms are but not limited to sectors such as: » Banks » Big Four » Private Audit companies » Public Audit companies » Government » Universities » Financial corporations
