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Certified Internal Auditor, one who is responsible for the assessment of a company’s internal controls, reliability of financial statements, and also the risk management systems. Getting CIA certification is quite a prestigious deal in itself but maintaining the same is another.
To maintain the Certification intact a CIA has to complete certain CPE hours provided by the IIA’s Professional Certification Board (PCB). Completing these CPE hours shows your utmost commitment to keeping your knowledge and skills updated with the latest trends and changes in the industry.
Every year CPE requirements for CIA depend upon whether you are a practicing CIA or a non-practising CIA. As a practicing CIA, you need to complete 40 hours of CPE during your re-certification cycle whereas it is a 20-hour CPE requirement if you are a non-practising CIA.
Both i.e. practicing as well as non-practicing CIA needs to ensure completion of a minimum of 2 hours of CPE on ethics within those 40 or 20 hours respectively. You also need to keep in mind that your license renewal process has to be completed before 31st December every year.
Those individuals who have multiple or any other qualification along with CIA like CCSA, CGAP, CFSA, CRMA, and QIAL and have earned CPE for those qualifications which are aligned with the CPE requirements of CIA then those CPE hours can be counted for IIA CIA CPE requirements too.
As per IIA CPE requirements for CIA it is important to note that the subject areas include all those subjects that you have already gone through while preparing for your CIA examinations like:
Once you have ensured effective completion of your CIA CPE hours you can report them before 31st December using the IIA’s CCMS portal or through the CPE course provider by submitting a CPE reporting form which serves as a signed statement that all applicable CPE requirements have been met.
There are various sources of obtaining the CPE credits for CIA which includes formal as well as informal learning activities. A CIA has to ensure that the CPE provider’s content is aligned with the IIA’s CPE requirements for CIA. You can obtain your CPE credits for CIA by being a part of activities like:
So, for example, if you have achieved a runtime of 250 minutes in an approved CPE program then you will be awarded with 5 credits of CPE.
To complete the CIA CPE requirement in one go, you can opt for individual courses subject area-wise as well as combined packages of CIA CPE courses. These packages from MY-CPE provide you with a combination of various subjects through which you can update your knowledge and skills with the latest industrial trends.
It is always advisable to go with an annual subscription plan in which MY-CPE takes care of all the CPE requirements to be fulfilled annually to make the CPE credit attainment way easier than it feels.
Once you have submitted your CIA reporting form you need to keep all the supporting documents as well as the CIA reporting form for a minimum 3 years period for the record keeping purpose.
This is the information that needs to be maintained for record-keeping purposes:
MY-CPE as a CPE course provider provides a CPE credit tracker for its users so that it becomes a less burdensome and more user-friendly task for the users to track their CPE credits. Once a user enrolls in a subscription plan and finishes their CPE course they earn their credits, then they will be able to track their earned CPE credits on the tracker. They can also download their certificates which can be kept as evidence of the CPE course completed.
MY-CPE provides more than 13,000+ hours of content created by highly educated and experienced professionals. In this, 3600+ hours of content are especially available for CIA professionals. You can get Unlimited Access to all our courses at just $199.
In conclusion, maintaining Certified Internal Auditor (CIA) certification involves fulfilling Continuing Professional Education (CPE) requirements, which vary based on whether one is a practicing or non-practicing CIA. The annual CPE obligation includes a minimum of 40 hours for practicing CIAs and 20 hours for non-practicing ones, with a mandatory 2 hours dedicated to ethics. Individuals holding multiple qualifications alongside the CIA can apply earned CPE hours from aligned certifications. Acceptable subject areas for CIA CPE cover a broad spectrum of internal auditing topics.
Reporting CPE hours is facilitated through the IIA's CCMS portal or CPE course providers, with a December 31st deadline. Activities such as seminars, conferences, in-house training, and relevant educational programs contribute to CPE credits. To streamline the process, MY-CPE offers subject-wise courses and subscription plans, providing a comprehensive solution for annual CPE credit fulfillment. Record-keeping is crucial, and MY-CPE offers a credit tracker to simplify the tracking process, allowing users to manage and download certificates as evidence of completed CPE courses.
MY-CPE provides you Package for Certified Internal Auditor (CIA) that meets all the CIA CPE requirements stated by the Institute of Internal Auditor (IIA) along with ensuring the attainment of CPE hours in a quite user-friendly manner.
The CIA certification renewal fee for practicing members is 30$ per year whereas it is 120$ for nonpractising members.
Yes, after September 2023 a total of 20 hours of CPE which are in excess can be carried over and be used in the next certification renewal cycle.
Ans. Individuals who do not complete their certification renewal on or before 31 December will automatically transition from an active to a Grace Period (inactive) status. Individuals who remain in a Grace Period (inactive) status for more than 24 months will have their certification(s) permanently revoked.