Most young finance professionals in the line of internal auditing pose themselves with the daring question - Does the CIA bring additional benefits to my career growth?
As a matter of fact, the Certified Internal Auditor batch turns out to be the most sought-after financial credential that assures growth in internal auditing and risk compliance roles.
The question of the CIA being relevant among budding internal audit professionals to ace their careers is why we’re doing this blog.
Well, let’s sort it out for real! What’s the difference between a CIA and a non-CIA? Does it actually make a difference? Find out by reading this blog.
What is the CIA Certification?
Issued by the Institute of Internal Auditors (IIA), the CIA or the Certified Internal Auditor certification is a title given to finance professionals who have mastered internal audit.
The CIA exam consists of three parts which enable the candidate to learn various aspects of internal audit and apply them in real-world scenarios.
A non-CIA however who performs internal audit functions without the batch does not hold the dignified title, lacking in official recognition and significant audit skills.
CIA Vs Non-CIA - Key Differences
1. Knowledge & Expertise
- CIA: Professionals with this certification have a strong understanding of various internal auditing principles such as risk management, internal controls, fraud detection, and compliance. They go through structured training which makes them efficient in real-world internal audit and risk management scenarios.
- Non-CIA: While professionals who don’t hold the CIA title can still perform various internal audit functions, they might not have the necessary acumen to steer through complicated risk profiles and governance issues.
2. Global Recognition
- CIA: The prestigious certification is recognized in over 170 countries giving you direct access to working in your favorite company almost anywhere in the world.
- Non-CIA: Without the certification, it would be very difficult to find a job overseas as almost every company looks for the CIA title to confidently designate professionals in internal audit roles.
3. Career Growth & Opportunities
- CIA: Holding the certification fast tracks your career growth landing you in senior audit positions such as Internal audit director, Senior internal auditor, Audit manager, and Risk manager.
- Non-CIA: The growth process may be significantly slower as most board members of companies uphold CIA professionals for senior-level audit positions.
4. Salary Potential
- CIA: According to industry reports, CIAs earn 25-40% more than non-certified internal auditors.
- Non-CIA: Given the necessary experience and skill set, non-CIA professionals can earn substantially. However, certified professionals have the upper hand in salary negotiations.
5. Credibility & Professionalism
- CIA: With the certification enabling CPE (Continuing Professional Education), and global recognition, it offers you the credibility necessary to work & transition through internal audit roles.
- Non-CIA: Professionals who are good at auditing and risk compliance might still face doubt on the part of hiring managers since they are not officially certified.
Evaluate Your Need for the CIA Certification
The CIA designation offers many advantages, but it's not mandatory for everyone in the auditing profession. Here are some factors to consider:
You Should Get a CIA If:
✅ Accelerating your career in internal auditing is the goal.
✅ You’re aiming for higher salaries and leadership positions.
✅ Want to work globally and get the flexibility to work in different countries.
✅ You are committed to continuous learning and professional growth.
You May Not Need a CIA If:
❌ You already have extensive experience and a strong professional network.
❌ Your job role does not require certification.
❌ A different certification (e.g., a CPA or CISA) may be more valuable.
❌ The investment of time and money in certification is not appropriate at this stage.
Final Perspective: Game Changer or Just a Title?
As you can decipher, the CIA is more than just a title. It gives you instant credibility, boosts your career growth, and guarantees global recognition. It’s definitely a game changer and can significantly enhance your salary potential and get you playing the high cards.
At MyLogic we’ll support you all along the way and ensure you clear all three parts of the CIA exam.
Check out our course details here - https://www.mylogic.ac/cia.aspx
My Logic is a pioneer in catering world-class training in financial professional courses like CIA, CMA (USA), CPA (USA), ACCA, CIMA, etc to students across the globe. We offer top-class online training videos along with online interactive classrooms that help you crack competitive finance and accounting exams.
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