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Certified Internal Auditor

Entry Requirements

The CIA candidates must hold a bachelor's degree or professional qualification such as ACCA, ICAEW, CPA or their equivalent.

Candidates with CA (lCAEW), ACCNFCCA (ACCA), CPA (MACPA) or their equivalent will receive the CIA

Professional Recognition Credit (PRC). On passing Parts 1, 2 and 3, they will have satisfied the examination requirement for the CIA.

Professional work experience will not be counted as a substitute for an appropriate degree.

An additional requirement is that candidates taking the CIA examination are required to be a member of the Institute of Internal Auditors Malaysia (lIA Malaysia).

Pathway to Be a Certified Internal Auditor

In order to be a Certified Internal Auditor, a candidate must fulfill the following requirements:

(1) A Bachelor's degree or its equivalent.

(2) Individual membership with the Institute of Internal Auditor Malaysia.

(3) Successful completion of examination required.

(4) Two years in internal auditing*.

* CIA candidates must complete 24 months of internal auditing experience or its equivalent. Equivalent experience means experience in audit/assessment disciplines, including external auditing, quality assurance, compliance and internal control. Candidates may sit for the CIA examination prior to satisfying the professional experience requirement but they will not be certified until the experience requirement has been met.

Earning Your CIA Designation

Complete 24 months of internal auditing experience

Pass Exams in 4 Parts

Bachelor's degree or its equivalent

CIA Preparatory Workshops at Sunway-TES

Structure of the Workshops

Each part of the CIA course (Parts 1-4) will be covered over a duration of 60 hours on Saturdays and Sundays, in the workshops conducted at Sunway University College. A progress test and a mock

examination to gauge candidates' performance of each of the four parts will be arranged.

Participation Fees

Please refer to the fee structure. A 10 percent rebate of the tuition fees for

a group enrolment of more than 5 members per part per corporate client will be given. All the basic study materials will be provided free of charge.

Understanding Internal Auditing

INTERNAL AUDITING is important to ensure the organisation is efficiently run, ethically sound, technologically up-to-date and environmentally responsible. It is an independent, objective assurance and consulting activity that adds value and improves the operations of an organisation.

Its scope of work includes reviewing the reliability and integrity of information and compliance with policies and regulations, safeguarding of assets, efficient use of resources, and establishing operational goals and objectives. Internal auditing

encompasses financial activities and operations including systems, production, marketing and human resources.

Value of a CIA Certification

The CIA is a certified professional development programme offered by the Institute of Internal Auditors (IIA), U.S., for those who wish to become elite members of the internal audit

profession. CIA is a globally accepted designation for internal auditors and remains the standard by which individuals benchmark their

competence,

expertise

and

professionalism in the internal audit field. CIA is also used by organisations to train their professionals to enhance the effectiveness of risk management, control and governance.

Candidates for a CIA Certification

• All auditing professionals from the Chief Audit Executive to audit staff

• Risk management staff

• Accounting and finance professionals

• Audit committee members

• Fresh graduates

• Any person interested in acquiring internal auditing skills

With a CIA, you can expand your career to other professions in which auditing skills are vital, such as:

• External public accountants

• Management consultants

• Corporate management professionals

• Educators

Benefits of the CIA for Individuals and Organisations

For Individuals

• Acquire and enhance your knowledge of best internal audit practices.

• Develop your proficiency, expertise and professionalism in internal audit.

• Boost your career prospects as CIA is a worldwide

recognised qualification.

• Distinguish yourself from your peers.

• Expand your career to other professions.

• Be associated with the only globally accepted designation in internal audit.

For Organisations

• A valuable resource to executive management and boards of directors in accomplishing overall goals and objectives.

• Recognition and assurance of the competency and professionalism of internal auditors.

• Help to retain valuable employees with a formal, specific career progression.

Internal Audit as Core Business Practice

An increasing number of public-listed companies has included internal audit as their core business practice. Recently, the Securities Commission (SC) of Malaysia has released the revised Malaysian Code on Corporate Governance to:

(1) Enhance the effectiveness and independence of audit committee.

(2) Mandate the internal audit function by listed issuers and listed companies.

Course Outline

On the global front, the IIA has introduced international auditing standards called the International Professional Practice Framework (lPPF) that regulates the profession with its terms of ethics and best practices. The adoption of the IPPF in Malaysia has been approved by the Council of the Malaysian Institute of Accountants (MIA) as a guide for its members. With the new framework, the Malaysian government and the companies are currently working towards making it mandatory for auditors to register with IIA.

The CIA course is offered in four parts, each with a core set of subject outlines, as follows:

PART 1 - THE INTERNAL AUDIT (lA) ACTIVITY'S ROLE IN GOVERNANCE, RISK, AND CONTROL

• Comply with the IIA's attribute standards

• Establish a risk-based plan to determine the priorities ofthe IA activity

• Understand the IA activity's role in organisational

governance

• Perform other IA roles and responsibilities

• Governance, risk and control knowledge elements

• Plan engagements

PART 3 - BUSINESS ANALYSIS AND INFORMATION TECHNOLOGY

• Business processes

• Financial accounting and finance

• Managerial accounting

• Regulatory, legal and economics

• Information technology

Examination Format

There is one examination per part, with each consisting of 100 multiple-choice questions. Candidates are given two hours and forty-five minutes to complete each part

PART 2 - CONDUCTING THE INTERNAL AUDIT ENGAGEMENT

• Conduct engagements

• Conduct specific engagements

• Monitor engagement outcomes

• Fraud knowledge elements

• Engagement tools

PART 4 - BUSINESS MANAGEMENT SKILLS

• Strategic management

• Global business environments

• Organisational behaviour

• Management skills

• Negotiating

of the examination which is administered by computer-based testing (CBT). The examination can be taken in any sequential order of parts.

About Sunway-TES

Sunway-TES Sdn Bhd (Sunway-TES) was incorporated in 1994 as a subsidiary of Sunway University College to offer internationally recognised professional accounting courses. It has been ranked as a key player among tuition providers of professional accounting courses, recognised not only in Malaysia but also in the region. Sunway-TES has produced numerous high achievers in

the Association of Chartered Certified Accountants (ACCA), Certified Accounting Technician (CAT) and Institute of Chartered Accountants in England and Wales (ICAEW) qualifications. Sunway-TES was one of the first institutions in Malaysia to be awarded the Approved Learning Partner-Student Tuition, the Platinum Status in 2007.

Sunway-TES Sdn Bhd (Co. No. 319386-W) 5, Jalan Universiti, Bandar Sunway,

46150 Petaling Jaya,

Selangor Darul Ehsan, Malaysia

Tel: 603-7491 8622 (Ext 3734) Fax: 603-5631 8391 Email: alexl@sunway.edu.my

www.sunway.edu.my

Sunway-TES is one of the corporate members of IIA Malaysia and has the exclusive right from IIA to run the CIA Preparatory Workshops in Malaysia. With its excellent industry network and proven track record in teaching professional accounting courses, Sunway-TES is confident of achieving excellent results in preparing students for the CIA examination.