ACCA and IIA join forces to boost internal audit industry with new exam and specialised resources
Internal audit exam offered to ACCA members alongside membership of the IIA
ACCA (the Association of Chartered Certified Accountants) has agreed with the IIA (the Institute of Internal Auditors) to develop their Certified Internal Auditor (CIA) Challenge Exam that will be available to ACCA members in November 2015.
This deal will provide an opportunity for ACCA members to become CIA certified through a customised exam, which will include key syllabus and learning outcomes of the CIA exam.
Alan Hatfield, executive director – strategy & development at ACCA, explains: ‘Internal audit is an important discipline that demands specific skills, abilities and knowledge. Through ACCA training, our members have already developed essential skills concerned with risk, internal control and corporate governance, all of which are seen as crucial aspects of effective internal audit. However, with so much recent scrutiny in the news regarding the absence of, or poor quality internal audit and its impact on shareholder confidence, this is an opportune time to invest in internal audit.
‘This is an excellent opportunity to allow existing ACCA members to further develop their expertise in this specialised field in which, being qualified clearly matters. Offering the CIA Challenge Exam to our members is a value-add, where our members working in internal audit, or those who are looking to develop a career in internal audit, can obtain the CIA designation and clearly demonstrate their expertise in this area.’
Richard F. Chambers, President and CEO of the IIA said: ‘We are pleased to partner with ACCA on this development. This creates a basis for cooperation and collaboration between us, which we will be building on in the future.’
ACCA has also launched a new resource for IIA and ACCA members working in internal audit with a section on the ACCA website. This includes useful guides and articles including internal audit for managers and also for the audit committee.
Registration for the CIA exam opens on 1 August 2015. Visit the ‘Related Links’ section, left of this article, for more information.
Source: ACCA
