The Emergence in Global

Profession of Internal Auditing

FEU | 2020

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• The IIA is the internal audit profession's global voice, recognized authority,
acknowledged leader, chief advocate, and principal educator.
1941 IIA, Inc. was established in New York
 over 193,000+ members from 170+ countries & territories,
with 109 institutes and 162 chapters from across the globe
 2016 celebrated 75 years of “Progress through Sharing”
1948 IIA – Manila Chapter was organized on 14 Aug
3rd chapter of IIA, Inc.
1990 Earned “Institute” status
2016 Awarded the “Centre for Excellence in Certification”
by ACIIA, 27 Apr 2016 in KL Malaysia
2018 Serves 2,600+ members from over 500 companies of 53 out of
65 industries or sectors.
Source: https://global.theiia.org/
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The IIA is the internal audit profession's global voice, recognized authority, acknowledged leader,
chief advocate, and principal educator.

Competency Industry

The only globally accepted

designation for internal auditors and
the standard by which individuals
demonstrate their professionalism in
internal auditing.

Source: https://global.theiia.org/
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Growth of Philippine CIAs
1,825
2000 new curriculum;
1800 Paper and Computer-based CCMS
Pen Testing 1,133
1600
1400
1200
1000 378
800
600 14
400
200
0
Year '73 '85 '94 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17

Vision: To continuously Golden harvest Rank To-date Certified professionals To-date

produce and sustain Gold Top 1 4 CGAP 1

certified professionals Silver Top 2 1 CCSA 57

Student Award (Bronze) Top 3 1 CFSA 67
Certificate of excellence Top 10 17 CRMA 96
Certificate of honor Top 50 54 CIA (as of Dec 2017) 1,825
Total 2,046
Source: https://global.theiia.org/
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 Reasons to make a career move
to internal auditing

Future-proofing the profession

Recent developments from CHED and the Board of Accountancy

Certified Public
Certified Professional Accountant
Accountant
(CPA)
(CPA)

Advanced Advanced Advanced Advanced

+ 3y/OJT + 3y/OJT + 3y/OJT + 3y/OJT

Certified Accountant (CA)

BSA BSMA BS-AIS BS Internal Auditing

K-12 Program
(ABM Stem)

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 Reasons to make a career move
to internal auditing

Is Internal Auditing a great career choice?

ain experience in all aspects of an organization.

espected, rewarding and diverse work.

xcellent benefits and compensation.

dvancement opportunities and a fast-

track to management.

ravel and networking opportunities.

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 Reasons to make a career move
to internal auditing

Is Internal Auditing a great career choice?

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 Reasons to make a career move
to internal auditing

Is Internal Auditing a great career choice?

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Reasons to make a career move
to internal auditing

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 Reasons to make a career move
to internal auditing

Career Path Opportunities

Internal audit
Entry-level supervisor /
internal auditor manager

Lead / Senior Internal audit

internal auditor executive /
chief audit
executive (CAE)

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 Reasons to make a career move
to internal auditing

The Value of an IIA Global Certification

• Distinguish you from your
peers.
• Demonstrate your proficiency
The Certified with internal staff and external
clients.
Internal • Develop your knowledge of
Auditor will: best practices in the industry.
• Demonstrate your proficiency
and professionalism.
• Lay a foundation for continued
improvement and
advancement

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 Reasons to make a career move
to internal auditing

The Value of an IIA Global Certification

• Help you earn credibility and respect in your field.
• Open more opportunities for advancement.
• Increase your earning potential by as much as 51%.*
• Prove your willingness to invest in your own
development.
• Demonstrate your commitment to your profession.
• Improve your internal audit skills and knowledge.
• Build confidence in your knowledge of the profession.

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 Reasons to make a career move
to internal auditing

Drive Your Career Forward

Adding the CIA credential to your resume, LinkedIn profile, and business card will help you
stand out and demonstrate you are:
• A true expert who understands and can apply The IIA's Standards.
• A stronger, more competent professional.
• Equipped for career-advancing opportunities.
• A credible and trusted internal auditor.

As the only globally recognized certification for internal auditors and The IIA’s premier
designation for more than 40 years, the CIA sets the standard for excellence in the
profession. The CIA distinguishes you from your peers and demonstrates proficiency and
professionalism.
Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Eligibility Requirements

Education
• CIA candidates must hold a 3- or 4-year post-secondary degree (or higher).
A stronger, more competent professional.
• Two years post-secondary education and five years verified experience in internal audit or its
equivalent, OR
• Seven years verified experience in internal audit or its equivalent.
Work Experience
• CIA candidates with a 4 year post secondary degree must obtain a minimum of 24 months of
internal auditing experience or its equivalent
• A Masters degree can substitute for 12 of the required 24 months.

Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Eligibility Requirements

Character Reference
• Candidates must exhibit high moral and professional character and must submit a Character
Reference Form signed by a CIA, CGAP, CCSA, CFSA, CRMA, or the candidate's supervisor.
Proof of Identification
• Candidates must provide proof of identification in the form of a copy of the candidate’s official
passport or national identity card.
Eligibility Period
• If a candidate has not completed the certification process within four years, all fees and exam
parts will be forfeited.
CPE and CPD Requirements
• The reporting deadline is 31 December each year.
Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Exam Syllabus

Part 1:Essentials of Internal Auditing

• Foundation of Internal Auditing
• Independence and Objectivity
• Proficiency and Due Professional Care
• Quality Assurance and Improvement Program
• Governance, Risk Management, and Control
• Fraud Risks

Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Exam Syllabus

Part 2: Practice of Internal Auditing

• Managing the internal audit function
• Planning the Engagement
• Performing the Engagement
• Communicating Engagement Results and Monitoring Progress

Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Exam Syllabus

Part 3: Business Knowledge for Internal Auditing

• Business Acumen
• Information Security
• Information Technology
• Financial Management

Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

Steps to certification

Source: https://global.theiia.org/certification/

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 Reasons to make a career move
to internal auditing

2017 Certification Application and Exam Registration Fees

Product Member Non-Member Student/Professor
Applications US $115 US $230 US $65

CIA Part 1 US $280 US $395 US $230

CIA Part 2 US $230 US $345 US $180

CIA Part 3 US $230 US $345 US $180

Specialty Exams US $380 US $495 N/A

Total Fees:
CIA US $855 US $1,315 US $655

Specialty Exams US $495 US $725 N/A

Source: https://global.theiia.org/certification/

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Questions

► rbaldres@feu.edu.ph

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