Certified Professional Internal Auditor (CPIA)

Certified Professional Internal Auditor | CPIA

Certified Professional Internal Auditor (CPIA) is a certification program designed for internal auditors. The program aims to enhance the skills and knowledge of internal auditors to help them perform their roles effectively and efficiently.

The CPIA certification is provided by the Global Association of Business & Management (GABM.us), which is based in the United States and specializes in membership and professional certifications for the business and management field.

KEY BENEFITS

  • Enhances credibility and recognition
  • Provides opportunities for career advancement
  • Demonstrates commitment to professional development
  • Increases confidence in performing internal audit functions
  • Helps to meet the requirements of employers and clients
  • Develops expertise in risk management and internal controls
  • Provides access to a network of professionals
  • Increases earning potential

LEARNING OBJECTIVES

The CPIA certification program aims to develop the following competencies in internal auditors:

  • Understand the purpose and objectives of the CPIA certification program
  • Learn about the history and evolution of internal auditing as a profession
  • Become familiar with the CPIA certification process and requirements
  • Understand the principles and best practices of corporate governance
  • Learn about the roles and responsibilities of boards of directors and executive management
  • Explore the relationship between internal audit and corporate governance
  • Understand the concepts of risk management and risk assessment
  • Learn how to identify, evaluate, and prioritize risks
  • Explore techniques for mitigating and managing risks
  • Understand the components and principles of internal controls
  • Learn how to design, implement, and evaluate internal controls
  • Explore techniques for monitoring and improving internal controls
  • Understand the role and responsibilities of the internal audit function
  • Learn about the various types of internal audits and their purposes
  • Explore the relationship between internal audit and other assurance functions
  • Understand the ethical and professional standards that apply to internal auditors
  • Learn about the Code of Ethics and Standards for the Professional Practice of Internal Auditing
  • Explore the role of internal auditors in promoting ethical behavior and organizational culture
  • Understand the various approaches to conducting an internal audit
  • Learn how to plan and scope an audit engagement
  • Explore techniques for gathering and analyzing audit evidence
  • Understand the process for developing an audit strategy
  • Learn how to align the audit strategy with organizational objectives and risks
  • Explore techniques for communicating the audit strategy to stakeholders
  • Understand the process for conducting audit field work
  • Learn how to perform testing and evaluation procedures
  • Explore techniques for documenting audit findings and conclusions
  • Understand the challenges and opportunities facing internal auditors today
  • Learn how to adapt to changing business environments and emerging risks
  • Explore techniques for enhancing the value and effectiveness of the internal audit function.

EXAM DETAILS

  • Only 60 Multiple Choice Questions
  • The passing score is 70% or higher
  • The exam duration is 120 minutes
  • Retake the exam unlimited times within 90 days
  • No fees for retaking the exam

STUDY TOPICS

The CPIA certification program covers a wide range of topics related to internal auditing. The following are some of the key study topics:

  • Introduction to CPIA
  • Corporate Governance Perspectives
  • Managing Risk
  • Internal Controls
  • The Internal Audit Role
  • Professionalism
  • The Audit Approach
  • Setting an Audit Strategy
  • Audit Field Work
  • Meeting the Challenge

WHO ARE INTERESTED?

  1. Internal auditors seeking professional development
  2. Individuals interested in pursuing a career in internal auditing
  3. Employers seeking qualified and competent internal auditors
  4. Professionals in the accounting, finance, and business fields
  5. Individuals seeking to enhance their skills and knowledge in risk management and internal controls
  6. Individuals interested in increasing their earning potential.

The CPIA certification demonstrates a commitment to professional development and helps internal auditors stay up-to-date with the latest developments and best practices in the field. This, in turn, enables them to perform their roles effectively and efficiently, which can improve the overall performance of the organization.