CIALS Webinar_Nov-04-2014_Slides.pdf

8/9/2019 CIALS Webinar_Nov-04-2014_Slides.pdf

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www.LearnCIA.com 1

Alissa DeMeglioManager, Certification Operations, The IIA

Raven Catlin, CIA, CPA, CFSA, CRMAConsultant, Facilitator, Trainer, Raven Global Training

Northern Virginia IIA Board memberIIA District Advisor, Caribbean Region

IIA CIA Learning System Instructor

INCREASE YOUR CHANCES OF

PASSING THE CIAEXAM


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www.LearnCIA.com 2

Certified Internal AuditorCertification Program

CIA Exam Overview

Exam Preparation: The IIAs CIA Learning System

Test-Taking Tips

Links and Resources

Questions

What Well Cover Today


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CIA Certification


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Only globally recognized certification for internal auditors

Based on the International Professional Practice Framework (IPPF)

First exam administered in August 1974 (first certificates issued1973)

More than120,000 have earned the certification

More than 80,000 exam parts administered each year

Exam offered via computer-based testing (CBT) since May 2008

530 testing centers in 122 countries through Pearson VUE

Register and monitor CIA application progress with

online Certification Candidate Management

System (CCMS)

CIA Overview
https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7


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Distinguish yourself from your peers

Gain instant professional credibility with internal and externalcustomers

Broaden your knowledge

Enhance your image

Grow your confidence

Demonstrate your passion and commitment

Increase your earning potential

Advance your career

CIA Benefits

Certified professionals earn up to 40% more thantheir non-certified peers.

(Information from IIAs 2013 Compensation Study)


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Improve performance of your internal auditors

Demonstrate proficiency and achievement of staff

Gain credibility with new and existing external clients

Enhance credibility with executive management andaudit committee

CIA Benefits to Employers


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1. Bachelors degree Those without a degree can be approved if they have:

Two years post-secondary education and five years verifiedexperience in internal audit or its equivalent, OR

Seven years verified experience in internal audit or itsequivalent.

2. Character reference

3. Professional work experience

4. Successful exam completion5. Adherence to The IIAs Code of Ethics

6. Continuing Professional Education

CIA Program Eligibility Requirements
http://www.learncia.com/course-details?utm_campaign=SDBusinessWoman_OLPTile&utm_medium=ad&utm_source=IIAads



CIA Exam



CIA is a 3 part exam.

Exams offered year-round with CBT through Pearson VUE

180 days to take an exam part after registering

Part 1 is 125 multiple choice questions with exam length of2 hours and 30 minutes

Parts 2 and 3 are 100 multiple choice questions with anexam length of 2 hours per part.

Exam scoring: Scale of 250-750; 600+ required to pass

CIA Exam Overview


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CIA Exam Content

A detailed topic outline can be found at:https://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspx

Part 1 Exam: InternalAuditing BasicsDuration: 2.5 hours

Question Count: 125

Part 2 Exam: Internal AuditPractice

Duration: 2.0 hoursQuestion Count: 100

Part 3 Exam: Internal AuditKnowledge Elements

Duration: 2.0 hoursQuestion Count: 100

Topical focus areas include:

IIA Mandatory Guidance

Internal Control and Risk

Tools and Techniques for

Conducting the Audit

Engagement


Managing the Internal AuditFunction

Managing Individual

Engagements

Fraud Risks and Controls


Governance

Risk Management

Organizational Structure and

Business Processes

Communication

Leadership

IT/Business Continuity

Financial Management

Global Business Environment
https://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspxhttps://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspxhttps://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspxhttps://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspxhttps://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspxhttps://global.theiia.org/certification/cia-certification/pages/exam-syllabus.aspx


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1. Createa profile in the Certification Candidate Management System(CCMS).

2. Complete the CIA Application. This costs US$100 for IIAmembers.

3. Providedocumentation related to:

Character Reference

Education

Photo Identification

Steps to Take the Exam

Create Apply Provide Register Schedule


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4. When CIA Application is approved, Registerfor the exam. Thiscosts US$250 for Part I and US$200 for Parts 2 and 3 for IIAmembers.

5. Schedulethe exam with Pearson VUE. There is no additional cost

to schedule. There is a USD $75 fee to change or cancel a previously scheduled appointment

with Pearson VUE.


Create Apply Provide Register Schedule


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Sample Screens: Pearson VUE


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Practicing CIAs must complete a total of 40 hours of acceptableCPE every year.

Non-Practicing CIAs must complete a total of 20 hours of acceptableCPE every year.

80 CPEs awarded upon passing exam

40 awarded year passed

40 awarded subsequent year

Self-certification program

Forms must be submitted every year by 31 December.

Maintaining Your CIA Designation
https://i7lp.integral7.com/durango/do/login?ownername=iia&channel=iia&basechannel=integral7


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Find more information

about the CIA exam in theCertification CandidateHandbook, available atwww.theiia.org/certification
http://www.theiia.org/certificationhttp://www.theiia.org/certification


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EXAM PREPARATION


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Trustworthy source

Complete and up-to-date content

Effective learning approach

Study method that suits your learning style Practice questions that encourage application of concepts

Convenience and flexibility

Value

What to Look for in Review Materials


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Retention of new information without periodic review:

47% forgotten in 20 minutes

62% forgotten in one day

75% forgotten in 15 days 78% forgotten in 31 days

A s ingle encounter wi th a given concept is not

su ff ic ient to ensure the type of long-term learning

that is necessary for su ccess on the exam .

Did You Know?


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Teaches the entire 3-part global CIA exam syllabus

Materials developed by CIA-certified subject matter experts

Designed to support proven study and test-taking techniques

Takes a comprehensive academic approach to learning asopposed to memorization and question repetition

Classroom-based and online courses available worldwide

Why Choose The IIAs CIA Learning System?

Print and online format allows you tostudy when and where its

convenient

Content is aligned with the IPPF andis updated as Standards change

French materials now available!


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The IIAs CIA Learning System offers various learning

options to meet your schedule and study preferences:

Self-study program

Facilitator-led courses

Corporate training

Delivery Modes


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Offered by colleges, universities, IIA chapters andInstitutes worldwide

Private courses may be offered at your location

Choose from live, in-person, or online course formats Find a public class near you:

www.LearnCIA.com/classes-offered

Cant find a course or seminar? Contact your local IIA

chapter/institute

Facilitator-led Courses
http://www.learncia.com/classes-offeredhttp://www.learncia.com/classes-offeredhttp://www.learncia.com/classes-offeredhttp://www.learncia.com/classes-offered


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Steps to Success

1. Plan Your Studies

2. Study The Reading Materials

3. Apply The Concepts

4. Practice For Your Exam


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How Much Time Will You Need to Study?

Expect to allocate the following hours to your studies: Part 1: 28 hours

Part 2: 27 hours Part 3: 66 hours

Study times vary based on Years of experience

Expertise in accounting or IT Study method

How quickly you read and comprehend topics

Step 1: Create a Study Plan


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My CIA Review Plan Create a FREEcustomized study

plan based on your goals,schedule, and experience atwww.LearnCIA.com/my-cia-review-plan

SmartStudy Assess your areas of strength and

weakness by completing theonline pre-test

Use your results to create acomprehensive, step-by-step planthat focuses on areas that needthe most attention

Step 1: Create a Study Plan
http://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-planhttp://www.learncia.com/my-cia-review-plan


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Step 2: Study the Reading Materials

Study with printed booksor your e-reader.


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Step 3: Apply the Concepts

Chapter Quizzes

Flashcards

Online Glossary


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Sample Chapter Quiz Question


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Flashcards and Glossary


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Step 4: Test Your Knowledge


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Step 4: Test Your Knowledge

Reports


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CIA Exam Tips


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Choose the right study method for your learning style

Set your exam date to avoid procrastination

Set a study plan, enter it into your calendar, and

commit to it Know your strengths and weaknesses

Put extra effort into studying proficiency areas and your

weakest topic areas

Use flashcards to study awareness level topics Understand how to apply concepts; go beyond

memorization

Be prepared for the testing center and the test format

Study Tips


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Read the question before the details

Look for clues such as all, except, or not

Think of your answer before reading the choices

Answer broadly & globallybeyond your experience andindustry

Eliminate obvious distracters (aka wrong answers)

Trust your first impressions & avoid over-analyzing

If uncertain, mark and return to question

Budget your time and dont rush - 72 seconds per question

Be well-rested and comfortable for the exam

Test-Taking Tips


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Self-Study Materials

Part Full Kit(Parts 1-3)

IIA Member US $295 US $795

Non-Member US $325 US $895

Instructor-led Courses Find a course at www.LearnCIA.com/classes-offered

Choose from over 50 classes running throughout the year

Contact the institution directly for pricing and registration

Volume Discounts: Save even more on orders of 2+ kits!

Contact Mike Downs at [email protected] +1-651-905-2609 for details.
http://www.learncia.com/classes-offeredmailto:[email protected]:[email protected]://www.learncia.com/classes-offeredhttp://www.learncia.com/classes-offeredhttp://www.learncia.com/classes-offered


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https://global.theiia.org/certification

Certification Handbook

CIA Exam Registration

Certification Candidate Management System (CCMS)

www.LearnCIA.com

Free Study Plan: My CIA Review Plan

Free Demo of Learning System

Order Information

Resource Links
https://global.theiia.org/certificationhttp://www.learncia.com/http://www.learncia.com/https://global.theiia.org/certification


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Phone: +1-877-442-2425 (+1-651-905-2670 outside North America)

8:00 a.m. and 5:00 p.m. CDT (USA), Monday - Friday

Online: www.LearnCIA.com

Fax/Mail: Download order form at www.LearnCIA.comFax: +1-651-905-2669

Mail: The IIA's CIA Learning System Distribution Center2975 Lone Oak Drive, Suite 180Eagan, MN 55121-1553

Order materials between Nov 4 30, 2014

and provide discount code LS1114 to Save 10%!

How to Order

Save10%
https://store.partnerrc.com/IIA/ls/index.phphttps://store.partnerrc.com/IIA/ls/index.phphttps://store.partnerrc.com/IIA/ls/index.phphttps://store.partnerrc.com/IIA/ls/index.php


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One participant on todays call will receive a complimentary

registration for one of the following IIA Virtual Seminars:

CIA Part 1 Virtual Seminar: January 15-23, 2015

CIA Part 2 Virtual Seminar: March 3-26, 2015 CIA Part 3 Virtual Seminar: February 2-27, 2015

Valued at US$1450

Chosen participant must be present on the call to win. We will contact thewinner via e-mail with details.

And the winner is..

CIA Virtual Seminar Winner


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Question & Answer

To review the Frequently Asked Questions document orwatch a replay of this webinar, go to:

www.LearnCIA.com/webinars

Available on or before November 10, 2014
http://www.learncia.com/webinarshttp://www.learncia.com/webinars

Documents

CIALS Webinar_Nov-04-2014_Slides.pdf