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CIA 3 Part Vs CIA Challenge - Updated

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VIJAY VARADHARAJ
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446 views10 pages

CIA 3 Part Vs CIA Challenge - Updated

Uploaded by

VIJAY VARADHARAJ
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Kshipra Academy Solaiyappan

Kabali
CA, CIA, CISCA

Certified Internal Auditor


ELIGIBILITY

Three part Challenge


Exam Exam

All graduates Professionals such


are eligible as Chartered
Accountants,
regardless of
ACCA, and CPA,
their field of CISA With Active
study. License qualify.
PROGRAM TIMELINE
Regular Exam

Apply : Anytime

Schedule:
Flexible throughout
the year.

Challenge Exam

Apply & Schedule

Slot 1 Apply in April and


write in June/ August

Slot 2 Apply in Sep and


write in Nov/Feb
SYLLABUS
Regular Exam

I. Essentials of Internal
Auditing (35%)
II. Practice of Internal
Auditing (43%)
III. Business Knowledge for
Internal Auditing (22%)

Challenge Exam

Around 80% of the three-


part study is covered,
excluding concepts
already learned in
professional courses.
FEE DETAILS
Fee for CIA Challenge Exam
Exam IIA India Members Non Members
CIA Challenge exam (except CISA holder) US $941.25
Retake(except CISA holder) US $633.75
CIA Challenge exam (CISA holder) US $1255.00 US $1625.00
Retake(CISA holder) US $845.00 US $995.00

Fee for CIA Regular Exam


Exam Member Non-Member

CIA Application US $120 US $240


CIA Part 1 Exam US $310 US $445
CIA Part 2 Exam US $280 US $415
CIA Part 3 Exam US $280 US $415

*Source :- IIA
EXAM DETAILS
Regular Exam
VS Challenge Exam

NUMBER OF EXAMS

Three separate exams. Only one exam which


One for each part comprises of all 3 parts.

EXAM PATTERN

Part 1 (2.5 hours): 125 MCQs


Part 2 (2 hours): 100 MCQs Single exam (3 hours):
Part 3 (2 hours): 100 MCQs 150 MCQ

TIME TAKEN TO PASS THE EXAM

Candidates typically have Candidates generally have a


three years to complete all shorter timeframe to pass
three parts of the exam. the exam, as it's a single part.
PASS PERCENTAGE
Regular & Challenge Exam

The passing score is 600


out of 750 for each part.

Examination Current Pass Rate

CIA Part 1 41%


CIA Part 2 44%
CIA Part 3 50%
CIA Challenge Exams 44%

*Source :- IIA
BOOKS / MATERIAL
Regular Exam

No Materials
Provided

Challenge Exam

1000 Mcq’s
and E-book

*Source :- IIA
CONVERSION
Classes?

CONCLUSION:-
Regular CIA: Multi-part exam, ideal for
those new to internal auditing. Offers
flexibility and covers a broad range.

Challenge CIA: Single, high-stakes


exam for experienced professionals.
Leverages existing knowledge for a
faster path to CIA certification.

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