CIA
Know all about CIA (Certified Internal Auditor) overview & its scope in India. Get full details on courses, fees, admissions, careers options, reviews, exams and much more information on CIA (Cert
About
Certified Internal Auditor (CIA) is a certification programme offered by the Institute of Internal Auditors-USA. In India, IIA India manages the programme. CIA programme helps candidates to gain professional knowledge in internal audit.
Unlike MBA, Executive MBA, Distance MBA, BE/BTech or any other national level exams, there is no specific entrance exam since CIA is a certification programme.
The certification module is divided into three parts-I,II and III. Part I of CIA programme focuses on essentials of Internal Auditing. Part II includes practice of Internal Auditing. Part III includes business knowledge for Internal Auditing. Certificate will be provided to candidates only if they complete all the examinations successfully.
Upon completing the course, candidates find opportunities in public and private companies, non-profit organisations etc. Candidates are offered profiles of internal auditor, internal auditing manager, chief internal auditor, quality assurance manager etc. The average salary offered to CIA candidates ranges between Rs 4 lakh to Rs 9 lakh per annum.
CIA EligibilityCandidates need to fulfill the following eligibility criteria to be eligible for the programme.
| Educational level | Work Experience |
| Master's degree or equivalent |
12 months of internal audit experience or equivalent |
| Bachelor's degree or equivalent |
24 months of internal audit experience or equivalent |
| Associate degree, three A-level certificates with a grade of C or higher, or equivalent |
60 months of internal audit experience or equivalent |
The purpose of CIA exam is to identify candidates who meet the competencies in current internal audit practice. Therefore, candidates must have the following skill sets.
| Critical thinking |
Analytical ability |
| Verbal communication |
Research oriented |
The fee structure is different for different levels. At the time of registration for the course, candidates need to pay Rs 5928.56. The fee structure for all the levels are given in the table below.
| Programmes |
Fee Structure (in INR) |
| Application fee |
Rs 5928.56 |
| CIA P1 |
Rs 14407.77 |
| CIA P2 |
Rs 11926.05 |
| CIA P3 |
Rs 11926.05 |
CIA syllabus is different for each part of exam. The syllabus serves as a guide to help candidates identify the content based on which they will be tested in the exam. CIA syllabus for each part is given below.
| Part | CIA syllabus |
|---|---|
| Part I |
|
| Part II |
|
| Part III |
|
CIA Scope, Job Profile & Salary
Certified Internal Auditors are now in high demand because they contribute to key business functions including corporate governance, risk management, internal control, fraud detection and prevention, operations etc. Candidates with CIA can become internal auditor, internal auditing manager, auditor, chief internal auditor, quality assurance manager, internal audit director and auditing manager. The average salary as per posts are given below.
| Job Profile | Average Salary (per annum) |
|---|---|
| Internal Auditor |
Rs 4 lakh and above |
| Internal Auditing Manager |
Rs 11 lakh and above |
| Auditor |
Rs 4 lakh and above |
| Chief Internal Auditor |
Rs 30 lakh and above |
| Quality Assurance Manager |
Rs 9 lakh and above |
| Auditing Manager |
Rs 9 lakh and above |
Popular companies that hire CIA certified candidates are given below.
| Tata Motors |
EY (Ernest & Young) |
| JP Morgan Chase & Co (JPMCC) |
HCL Technologies |
CIA FAQs
Q. What is the passing score of CIA exam?
A. For each part of CIA exam, a raw score is converted into a scaled score ranging between 250 to 750 points. A scaled score of 600 or above is required to pass the exam.
Q. When can I apply or register for the exam?
A. Candidates can apply anytime for the programme. Once registered, candidates will have to complete the programme within four years.
Q. Can I retake the exam in case I fail?
A. In case candidates fail in the exam, they need to wait atleast 90 days for re-appearing in the same.
| Course Level | Degree |
| Course Type | entry |
| Course Entry Level | None |
| Duration | 6 months |
| Total Seats | 0 |
| Min Fees | 25000 |
| Max Fees | 25000 |
| Paid Course | Not Available |
