By Morgan International Staff Writers
The IIA has identified a need for certain elements of the CIA syllabus to be updated and aligned in accordance with changes to the global business environment, and internal audit practices.
The course will continue to consist of three parts, but some areas of the CIA exam will change in 2019. So what amendments are being introduced, and when exactly will they take effect?
Part 1: Essentials of Internal Auditing
- The revised version of the syllabus contains six domains, rather than three
- The largest of these is now Governance, Risk Management and Control, which accounts for 35% of the exam
- Contrasts between assurance and consulting engagements are included in the new exam format
Part 2: Practice of Internal Auditing
- The new syllabus includes four domains instead of three
- Performing the Engagement is the largest domain, making up 40% of the exam
- There is greater alignment with the IAA’s Performance Standards
Part 3: Business Knowledge for Internal Auditing
- The revised syllabus includes four domains, rather than eight
- Cyber security risks and emerging technologies are covered in the new syllabus
- There is a new sub domain on data analytics
In all parts of the new exam, your depth of knowledge will be tested at ‘Basic Level’ where you demonstrate your basic understanding of concepts and processes, and ‘Proficient Level’ where you apply this knowledge, make judgements, and come to conclusions.
When will the changes take effect?
The revised exams come into effect in January 2019, in English only, but IIA Global are working with affiliates around the world to introduce the changes in other languages – in these cases, the transition will be a gradual process, starting in 2019.
What happens if you're in the process of taking your exams, or you've taken the course prior to 2019?
Your CIA certification won’t be affected if you’ve already passed your exams - if you’ve passed one or two of the exams, you won’t need to retake them. You can continue to schedule and take the older exams until January 2019, when they’ll be replaced by the new format.