Part 2 and Part 3 each have questions—you are given 2. The CPA Exam is much longer and has a total of 4 exam parts. Each part is 4 hours long, for a total of 16 hours of testing time. You have more time on the CPA exam since you will have task-based simulations and multiple choice questions to answer. You are going to run into a couple of fees on your way to CIA certification.
Even though it is not required to become a IIA member, doing so would save you from paying full price for your exam. Well, for starters, the CIA is more widely recognized in the internal audit industry. Therefore, it is usually the certification that takes you to the top of the company. So, basically, the CIA lets you go as far as you want within a company. On the other hand, the CISA certification tends to leave its holders with promotional limits.
However, what the CISA lacks in leadership capacity, it makes up for in financial compensation. Typically, a specialized auditor makes more than a general audit. In fact, the full list of jobs you can get as a CISA includes:. Ultimately, factors such as company size, industry, and region affect your job and salary options a bit more than your certification. Both certifications require candidates to meet a series of demands before they can assume either title.
The amount of experience you need depends on your level of education. So, the more education you have, the less experience you will need. Other minor CIA requirements include providing proof of identification, submitting a character reference, maintaining exam confidentiality, fulfilling the requirements within the eligibility period, upholding the code of ethics, and earning annual continuing professional education CPE credits.
Though the ISACA asks for a lot of experience, they also give candidates several opportunities to waive some of that experience with other qualifications. For example, you can substitute 1 year in information system work, 1 year in non-IS auditing, or 2 years as a full-time university instructor in a related field e.
You can also submit other degrees, qualifications, and credentials with a significant information systems auditing, control, assurance, or security component to the CISA Certification Committee for consideration. For the CIA, you must meet all of the certification requirements within 3 years of receiving approval into the CIA program. They intend to test your proficiency in the principles of internal auditing and verify your ability to perform the duties of an auditor efficiently, effectively, and thoroughly.
However, the format and syllabus of these exams differ. Additionally, each of the 3 CIA exam parts presents candidates with a certain number of multiple-choice questions that candidates must answer within the testing time limit:. It is beneficial only if you look after breaking in the IT audit.
The overall duration of the 3 part CIA certification course is 1 to 2 years. If you are more into the nature of the job of IT audit and you consider that the future of auditing is more related to technology-based audit, then give it a shot. The scope is narrower, and the examination consists of only one part. The practical benefit of seeking certification in CISA is it is easier, and the process of examination is faster. An aspirant can finish the course in 6 months or even in 2 months if you are involved with IT audit work.
The course is a short term consideration, yet it is affordable. The professional standards increase with the certification.
Reliability of the employee upsurge in the job market. Competitive advantage could be obtained by being a qualified certificate holder. The certificate holder could escalate the value of the organization. An individual is more likely to have a higher salary being a specialized professional in the field of auditing.
The salary and spot largely depend on the industry, the company, and your role. The applicant who tends to seek the certification in CISA or CIA certification to have an influential post in the auditing field needs to appear for the examination conducted under the course.
On completion of the course and succeeding in the examination, the individual is handed the certificate stating the grades obtained in the exam. The aspirant appearing for the exam need to meet the following requirements:. The CISA and CIA certification examination can be attended by the individual who has a great interest in the field of audit and is encouraged to take it as a profession.
The applicant who needs the credential in the same as to apply for the certification will be sent all information and notified with passing score. Once the aspirant passes the certification exam and meets the requirements of work experience and everything is sorted, the final step is to complete and submit the application for certification.
The certification exam can be attended prior to meeting the requirements of experience, but the designation will be awarded only if all the requirements are met.
The CISA exam itself is not that hard. I studied about hours 5 days a week for about two months to pass it. It is work related for me… but the basic thing about the test is you need to know how to break down and analyze information and that is what the CPA exam teaches.
Thanks guys. I think i've narrowed it down to CISA. CIA is great for internal audit but i dont know if i want to stay in internal audit my entire life. CFA might be to much of a commitment right now i'm still in celebration mode. CISA seems to be the easiest but can let me market myself as having an overall knowledge on things.
If you have that kind of time on your hands, why not go into public accounting? Depending on how busy your firm is, you probably won't have time nor energy to study for anything.
At least you'll probably make more money and get more experience. I have been on this journey off and on for over 10 years. I think it's about time that I wrap this up.
It's not only time consuming but also ridiculously difficult.
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