User:Scarleticedragon/Chartered Institute of Internal Auditors

Chartered Institute of Internal Auditors

The Chartered Institute of Internal Auditors (Chartered IIA or ChIIA) was launched on 1 October 2010 following grant of a Royal Charter from Queen Elizabeth II. Prior to 2010 the Chartered IIA was known as the Institute of Internal Auditors - UK and Ireland, an organisation with roots that dated back over 60 years.

The Chartered IIA has 9 Regional Committees across the UK and Ireland: Chartered IIA - East; Chartered IIA - Ireland; Chartered IIA - Midlands; Chartered IIA - North East; Chartered IIA - North West; Chartered IIA - Scotland; Chartered IIA - South; Chartered IIA - South West and Chartered IIA - Wales Cymru.

The Chartered IIA is affiliated with the Institute of Internal Auditors. Its predecessor, the Institute of Internal Auditors UK and Ireland, was instrumental in facilitating the 2006 Global Memorandum of Understanding between the IIA and the Association of Chartered Certified Accountants (ACCA).

Qualifications for professional internal auditors
The Chartered Institute of Internal Auditors, has a portfolio of qualifications as follows (listed basic to advanced):

♦ IIA Certificate in Internal Audit and Business Risk (IACert) it requires completion of both theory and practical skills in a workshop format with no examinations involved;

♦ IIA Diploma in Internal Audit Practice (PIIA) which requires completion of 5 theory modules (written exams) plus a professional experience journal (fast track route available for experienced professionals with specified qualifications);

♦ IIA Advanced Diploma resulting in Chartered Internal Auditor (CMIIA) requires completion of PIIA as a pre-requisite to registration (exemptions from some modules may be available based on educational background) and requires completion of 4 written exams including a case study plus a professional experience journal;

♦ IIA IT Auditing Certificate (ITAC) - aimed at qualified auditors (PIIA, CMIIA, or CIA) who wish to develop expertise in threats and vulnerabilities associated with IT and information systems (distance learning tuition with assessment by work-related assignment and multiple choice examination).

♦ Fellow of the Institute of Internal Auditors (FIIA) - awarded to individuals as an honour. It does not require an IIA certification to be held. Members who already hold Chartered Internal Auditor status use the designation CFIIA whilst PIIA or CIA holders list both FIIA, and PIIA/CIA in their designations.

Historic qualifications awarded by the predecessor Institute of Internal Auditors - UK and Ireland that are no longer available but where the designations may still be used are:

♦ IIA Advanced Diploma in Auditing and Management (MIIA). This required completion of PIIA as a pre-requisite to registration (an accelerated route was available if specific alternative qualifications were held) and required completion of 4 written exams plus an experience module. This qualification has been replaced by CMIIA. Those holders of MIIA who had lapsed membership or opted not to join the Chartered Institute of Internal Auditors are not entitled to use the CMIIA designation or describe themselves as Chartered Internal Auditors. CMIIA is only available to current members of the Chartered IIA who have maintained their Continued Professional Development to an accepted level.

♦ Qualification in Computer Auditing (QiCA) it required completion of 2 written 3 hour exams plus an extensive logbook covering 1600 hours of specific IT audit work over a minimum of 2 years. This is a highly valued qualification as the pass rate for exams was low, but the actual attainment of designation even lower due to the challenges faced by those attempting to gain the experience required to complete. It is undoubtedly the highest certification an IT auditor can hold. Whilst the QiCA qualification has discontinued, the designation is still used.

Other internal audit qualifications are available, such as those offered by IIA Inc based in the USA, ISACA (specific to IT audit), and IRCA (specific to Quality Auditing). Refer their websites for more details.