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If you are looking to pursue a career in internal audit, the Certified Internal Auditor (CIA) designation is a highly sought-after qualification. The Institute of Internal Auditors (IIA) offers the IIA-ACCA ACCA CIA Challenge Exam to members of the Association of Chartered Certified Accountants (ACCA) who already hold the ACCA Qualification and want to earn the CIA designation. The exam is designed to test your knowledge of internal auditing and related topics. In this article, we will provide you with all the details you need to know to pass the IIA-ACCA ACCA CIA Challenge Exam.
Exam Objectives:
The IIA-ACCA ACCA CIA Challenge Exam covers the following topics:
- Internal Audit Function (20%)
- Managing the Internal Audit Activity (20%)
- Internal Audit Practice (40%)
- Business Acumen (10%)
- Information Security (10%)
Who should take the exam?
The IIA-ACCA ACCA CIA Challenge Exam is intended for ACCA members who want to earn the CIA designation. To be eligible for the exam, you must already hold the ACCA Qualification and be a member of ACCA in good standing.
Exam Details:
The IIA-ACCA ACCA CIA Challenge Exam is a computer-based test that consists of 125 multiple-choice questions. You will have three hours to complete the exam, which is offered in English. The passing score for the exam is 600 out of a possible 750 points. The exam is delivered through Pearson VUE testing centers and costs $450 for ACCA members and $500 for non-members.
Related Books:
To prepare for the IIA-ACCA ACCA CIA Challenge Exam, it is recommended that you use the following study materials:
- CIA Learning System
- IIA Practice Advisories
- IIA Standards and Code of Ethics
- IIA Global Internal Audit Competency Framework
The CIA Learning System is the official study material for the exam, and it covers all the exam objectives in detail. The IIA Practice Advisories provide guidance on internal audit practices and procedures, while the IIA Standards and Code of Ethics outline the ethical and professional standards that internal auditors are expected to follow. The IIA Global Internal Audit Competency Framework describes the key competencies that internal auditors should possess.
In conclusion, the IIA-ACCA ACCA CIA Challenge Exam is a rigorous test of your knowledge of internal auditing and related topics. To pass the exam, you should use the official study materials and practice answering multiple-choice questions. With proper preparation and dedication, you can earn the CIA designation and take your career in internal audit to the next level.
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