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    Lesson 2 - IA Career - Canvas 2020

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    Janysse Calderon
    The document provides an overview of the growth and development of the internal auditing profession globally and in the Philippines. It discusses the establishment and achievements of the Institute of Internal Auditors (IIA) which has become the global voice of the profession. It also outlines the increasing number of Certified Internal Auditors in the Philippines and career opportunities in internal auditing.

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    Lesson 2 - IA Career - Canvas 2020

    Uploaded by

    Janysse Calderon
    27 views21 pages
    The document provides an overview of the growth and development of the internal auditing profession globally and in the Philippines. It discusses the establishment and achievements of the Institute of Internal Auditors (IIA) which has become the global voice of the profession. It also outlines the increasing number of Certified Internal Auditors in the Philippines and career opportunities in internal auditing.

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    Lesson 2_IA Career_Canvas 2020 (1)

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    The document provides an overview of the growth and development of the internal auditing profession globally and in the Philippines. It discusses the establishment and achievements of the Institute of Internal Auditors (IIA) which has become the global voice of the profession. It also outlines the increasing number of Certified Internal Auditors in the Philippines and career opportunities in internal auditing.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views21 pages

    Lesson 2 - IA Career - Canvas 2020

    Uploaded by

    Janysse Calderon
    The document provides an overview of the growth and development of the internal auditing profession globally and in the Philippines. It discusses the establishment and achievements of the Institute of Internal Auditors (IIA) which has become the global voice of the profession. It also outlines the increasing number of Certified Internal Auditors in the Philippines and career opportunities in internal auditing.

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    You are on page 1of 21

    The Emergence in Global

    Profession of Internal Auditing


    FEU | 2020

    Page 1
    • 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/
    Page 2
    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/
    Page 3
    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/
    Page 4
    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)

    Page 5
    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.

    Page 6
    Reasons to make a career move
    to internal auditing

    Is Internal Auditing a great career choice?

    Page 7
    Reasons to make a career move
    to internal auditing

    Is Internal Auditing a great career choice?

    Page 8
    Reasons to make a career move
    to internal auditing

    Page 9
    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)

    Page 10
    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

    Page 11
    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.

    Page 12
    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/

    Page 13
    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/

    Page 14
    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/

    Page 15
    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/

    Page 16
    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/

    Page 17
    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/

    Page 18
    Reasons to make a career move
    to internal auditing

    Steps to certification

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

    Page 19
    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/

    Page 20
    Questions

    ► rbaldres@feu.edu.ph

    Page 21

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