FAQCIAContentChanges

General
1. Whatischanging? ThefollowingchangeshavebeenapprovedbytheProfessionalCertificationsBoard(PCB)and theBoardofDirectors: a. TheCIAexamwillchangefroma4partexamtoa3partexam. b. Therewillbenoprovisionsforrecognitioncreditforanypartoftheexam. 2. Whatisthenewcontentoutline? Part1InternalAuditingBasics Thiswouldbeatwoandhour,onepartexamconsistingof125questions.Topicswouldfocus on: IIAMandatoryGuidance InternalControlandRisk ToolsandTechniquesforConductingtheAuditEngagement. Part2Exam:InternalAuditPractice Thiswouldbeatwohour,100questionexam,andfocusonthefollowing: Managingtheinternalauditfunction Managingindividualengagements Fraudrisksandcontrols Part3Exam:InternalAuditKnowledgeElements Thiswouldbeatwohour,100questionexam,andfocusonthefollowing: Governance RiskManagement OrganizationalStructureandBusinessProcesses Communication Leadership IT/BusinessContinuity FinancialManagement GlobalBusinessEnvironment 3. Aretheremoredetailedcontentoutlinesavailable? Yes.Thespecificcontentoutlinescanbereviewedonthecertificationwebpage. 4. WhyisTheIIAchangingthecontentoftheCIA? Aspartoftheongoingexaminationprocess,in2011,TheIIAconductedaJobAnalysisStudy (JAS)fortheCIAexam.ThisJASdeterminedthatthebodyofknowledgerelatedtothe

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professionofinternalauditinghadchangedsincethelastexamcontentchangein2004and therefore,thecontentoftheCIAexamshouldbeupdatedtoreflectthosechanges. Howwasthenewcontentdetermined? AspartoftheJAS,morethan40,000internalauditorsgloballyweresurveyedtodeterminethe knowledge,skillsandcompetenciesrequiredoftodaysinternalauditors.Morethan100 knowledgestatementswereidentifiedthataddressedthefollowingtopics: a. Governance,RiskandControlKnowledgeElements b. InformationTechnologyAuditEngagementElements c. FraudKnowledgeElements d. BusinessProcessandPerformanceElements e. FinancialAccountingandFinanceElements f. ManagerialAccountingElements g. Regulatory,Legal,andEconomicElements h. ManagementandStrategicManagementSkillElements Foreachknowledgestatement,participantswereaskedtoindicatethelevelofcompetency requiredoftheirposition. Participantswerealsopresentedwithalistoftaskstatementsrelatedtothefollowingareas: a. PlanningandConductingtheAnnualRiskAssessment b. DevelopingtheAnnualAuditPlan c. PlanningandConductingIndividualInternalAuditEngagements d. UsingInterpersonalSkills Foreachtaskstatement,participantswereaskedhowofteneachtaskwasperformedandhow importanteachtaskwastotheirposition. Whenwillthenewcontentbetested? Thenewcontentand3partstructureisexpectedtobeinplaceinmid2013. Whenwillthereviewmaterialsbeavailable? Thepreparationofreviewmaterialsisindependentfromtheexamdevelopmentprocess.The finalcontentoutlinehasbeenreleasedtothereviewproviderseffectiveOctober10,2011. Theyshouldbeginworkontherevisedreviewmaterialssotheywillbeavailableinplentyof timetopreparefortheexamsbeginninginmid2013. WhathappensifIamalreadyintheprogram? Thespecifictransitionprocessesrelatedtoindividualsalreadyintheprogramarebeingfinalized andshouldbeavailablebyJanuary1,2012.Bygivingmorethan18monthsnoticetocurrent candidates,itishopedthattheimpactonthosealreadyenrolledintheprogramoralready havingcompletedpartsoftheexamwillbeminimal.Asmoreinformationisfinalized,itwillbe madeavailableonthewebpagesandthroughspecificFAQslikethisone.

9. WhathappenstoPart4creditrecognition? TherewillnolongerbeaprovisionforcreditrecognitionintheCIAprogramforother certifications. 10. Aretheentryrequirementsthesame? Yesatthepresenttime,therearenochangestotheentryrequirements. 11. Aretheexperiencerequirementsthesame? YesinordertoreceivetheCIAcertification,youwouldneed2yearsofprofessional experience.Youmaystillsitfortheexampriortocompletingtheexperiencerequirement. 12. WilltheCIAexamcontinuetobeofferedin20languages? Atthepresenttime,theplanistocontinuetooffertheCIAexaminalllanguageswherethereis ademand.Therearenospecificplanstoeliminateanyofthecurrentlanguagesatthistime. 13. IsthereanyimpactonthecontentoftheotherIIAcertificationexams(CCSA,CGAP,CFSA)? Atthepresenttime,nocontentchangesareexpectedinthebodyofknowledgeforthespecialty exams.ShouldthePCBdetermineaJobAnalysisStudyisappropriateforanyofthespecialty exams,theprocesswouldbesimilartotheonedescribedinQ#5aboveandcandidatesshould expectasimilarnoticeofchangespriortoimplementation.