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What Kind of Jobs Can I Get With a CIA Certification?

The CIA certification opens doors for the average internal auditor that were previously closed. In fact, it’s reported by The Institute of Internal Auditors (IIA) that a CIA designation can boost earning potential by up to 40%. The greater prestige and salary increase associated with holding the CIA credential is logical and justifiable since passing the CIA exam requires the test taker to invest a great deal of time in mastering complex accounting practices and applying that knowledge to passing the CIA exam. Before you begin the application process and sit for the CIA exam, the ExamMatrix team feels it’s beneficial to know the kinds of jobs you can get with the CIA certification, which may give you an added incentive to move forward with your internal auditor career goals.

Jobs for Those With a CIA Certification

Depending on your level of experience in internal auditing once you become a CIA (certified internal auditor), you may qualify for a range of positions with various titles, such as:

  • Audit specialist
  • Junior auditor
  • Senior auditor
  • Audit manager
  • Supervisory auditor or accountant
  • Operational risk consultant
  • Staff internal auditor
  • Compliance auditor
  • Compliance oversight specialist
  • Internal audit consultant

Contact ExamMatrix Today

To ensure your success on the CIA exam, ExamMatrix’s CIA Exam Review Software is the best study program available. It offers Adaptive Learning technology, over 2,000 multiple choice questions, 3 digital reference books and includes a “Pass or Refund Guarantee.” Contact ExamMatrix today and raise your salary base by earning a CIA certification!

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What is the Hardest Portion of the CIA Exam?

The certified internal auditor (CIA) certification is a specialized designation that is sought after by accounting professionals looking to further their career and boost their level of expertise. In order to gain this impressive credential, a preapproved candidate must sit for the three-part CIA exam, which is created by the Institute of Internal Auditors (IIA). If you are considering taking the CIA exam, you may be wondering how difficult it is to pass the exam and which portion is the hardest of the series. At ExamMatrix, our specialty is preparing our clients for exam day by providing relevant information and superior study guides for exams, like the CIA exam.

Parts of the CIA Exam

The CIA exam is made up of three parts with anywhere from 100-125 questions per section. Depending on the number of questions in a particular section, it may take from one hour to two and a half hours to complete a single section. You can take these parts individually to increase your chances of earning a passing score. Some candidates find it is easier to spread the tests apart to allow for more concentrated study time, which is especially helpful with sitting for the third part of the exam. Generally thought to be the hardest portion of the CIA exam, the Internal Audit Knowledge Element is the third and final section of the test series. While it only contains 100 multiple choice questions and takes approximately one to two hours to complete, it requires the test taker to complete more advanced calculations and covers complex topics in greater depth than in other sections, such as risk management and business continuity.

To ensure your success on every part of the exam, it’s worth your time to over-prepare for the CIA exam and adhere to the study guide and requirements outlined by ExamMatrix’s CIA Exam Review. Yet, keep in mind that you must study wisely and take all three parts within a 4 year span starting from the date of your application approval for your scores to be considered valid. To maximize your study time, the adaptive learning technology of ExamMatrix’s CIA Exam Review is your ticket to earning the CIA credential.

Contact ExamMatrix

If you have been approved to sit for the CIA exam, contact ExamMatrix today to discover how our customized study program and “Pass or Refund Guarantee” can work for you!

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What to Do After You Pass the CIA Exam

The steps to earning a certified internal auditor (CIA) credential take a great deal of commitment as the application process and study time necessary to be successful on the CIA exam is considerable. Understandably, you may first want to weigh the benefits of adding the CIA label to your resume against the work you will need to complete in order to earn it. At ExamMatrix, we want you to be certain this is the right choice for you, so here are two options as to what you can do after you pass the CIA exam.

Inform Your Current Employer

Having a valued employee with a CIA designation is preferred by many companies and can increase your earning potential by as much as 40%, according to The Institute of Internal Auditors (IIA). After you celebrate your success, you should immediately inform your employer of your new certification and inquire as to whether it qualifies you for advanced positions currently available within the company.

Explore Career Opportunities

A CIA certification tells top global companies that you have achieved a level of expertise lacking in other candidates. Once you pass the exam, you may consider applying to positions that were previously out of your reach. You will be surprised at the professional leverage you gain in the accounting industry by holding a CIA credential.

Contact ExamMatrix

Passing the CIA exam is a great accomplishment that speaks volumes about your expertise and professionalism in the field of internal auditing. If you are considering sitting for the CIA exam, you must study wisely in order to pass the exam. With the Adaptive Learning Mode of ExamMatrix’s CIA Exam Review, you can be certain that you will only study those areas with which you need more time versus fruitlessly pouring over the same material with little chance of earning a passing score. To pass the CIA exam with flying colors, contact ExamMatrix today and learn how our CIA Exam Review can help you!

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Best Alternative to Getting CPA License

A certified public accountant (CPA) license is widely recognized in the accounting industry as being an attestation to an accounting professional’s level of expertise and competency. However, those in the field of accounting have other options available to them aside from earning a CPA license in order to achieve their career goals. At ExamMatrix, our study programs assist test takers with earning various licenses and certifications, such as CPA, certified internal auditor (CIA), certified information systems auditor (CISA), and certified management accountant (CMA). If you are interested in discovering how to get ahead in the world of professional accounting without a CPA license, your best alternative depends greatly on your expertise and the areas in which you will work.

Certified Internal Auditor

If you plan to work in internal auditing, obtaining a CIA certification is a must-have if you are eager to advance your career. To reach an executive position, however, you may consider earning a CPA license in the future.

Certified Information Systems Auditor

The auditing of information systems (IS) is best handled by those holding the niche CISA certification as the skills held by a CISA are more specialized than that of a CPA. These professionals are trained to audit and manage information technology and business systems, pinpoint data integrity issues, develop internal controls and assess compliance.  

Certified Management Accountant

For positions centering on financial business analysis and management accounting, a CMA would be better suited to excel over another professional holding a CPA.

Contact ExamMatrix Today

Whether you are seeking to become a CPA, CIA, CISA or CMA, ExamMatrix has an exam review course that will ensure you ace your exam. To discover how ExamMatrix’s customizable study programs can guide you to success in your accounting career goals, contact ExamMatrix today!

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What Is the Best Accountant Certification to Get?

There are several accountant certifications that will help up-and-coming and seasoned accountants bolster their careers. While many specializations do exist, the following are the best certifications that an account can get.

Certified Public Accountant (CPA)

Earning a CPA allows an accountant to work for themselves, and new accountants earn as much as 10% more than non-licensed peers. When a CPA is earned, further career opportunities are available, and there’s a higher level of career security.

The exam is broken down into several different parts, including:

  • Auditing and attestation
  • Financial auditing and reporting
  • Business environment and concepts
  • Regulation

All four parts of the exam must be completed before the CPA designation and certification is received. This is typically the first certification that an accountant will obtain. Learn more about the CPA review course!

Certified Management Accountant (CMA)

A certification that is recommended for professionals who want to enter into the financial management and advanced management accounting field. The certification indicates that a person is well-versed in:

  • Financial planning
  • Professional ethics
  • Business control
  • Decision support

This is a two-part exam which covers 11 different requirements that must be met. Anyone that wants to take this exam will be required to have a bachelor’s degree and have spent two or more years working as an accountant.

Certified internal auditor (CIA)

Certified internal auditors will undertake the CIA exam so that they are better able to audit business accounts. These professionals will work with businesses, ensuring that the following is correct and up to industry standards:

  • Payrolls
  • Taxes
  • Inventories

These accounts will look for fraudulent activity that may be occurring in the accounting department, and will also be brought into a company to help them save money by making smarter financial decisions.

Many of these professionals will earn significantly more than their counterparts, with recent studies showing that a CIA can earn $29,000 more a year than their non-certified counterparts in the United States.

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How Often Can I Take The CIA Exam?

If you’re preparing for the CIA exam, you may be wondering how often you can retake an exam, or complete the next part in the series. Understanding how testing works and the rules laid out by the IIA can help you better prepare for the exam, know what to do if you fail, and better manage your time.

The 4-Year Period

Once your application has been approved, you will have 4 years to complete all of the program requirements and become certified. This includes both examination documentation requirements. If you’re unable to complete all the requirements in four years, you will forfeit all of the parts that you passed and the fees that you paid. At this point, you will have to reapply into the program and will be treated as a new candidate.

The good news is, you will be able to see your test results immediately at the testing center, so you’ll know whether you need to retake an exam, or move on to the next exam section.

Keep in mind that you have the option to schedule more than one part at a time, and if you pass a part, you can move onto the next one immediately if you wish.

How Often Can I Retake the Exam?

While you’re able to move onto the next part of the exam series immediately, there will be a waiting period for retakes. So, if you fail part three, you will have to wait a certain amount of time before you can retake the exam. Using the ExamMatrix CIA exam review can help reduce the need to retake the exam.

The IIA imposes a 90 day waiting period to all exam retakes. This means that you’ll have to wait approximately three months before you can take the exam again. Use this time wisely to prepare for the exam and hopefully, avoid having to take another retake.

After registering for an exam, you will be required to take it within 180 days, or you’ll need to register again.

There are no limits on how many times you can retake an exam, and you will be required to pay an application fee for each retake.

But remember, you’ll need to pass before the 4 year window is up, so allot yourself plenty of time if you’re struggling with one part of the exam.

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Advantages to Getting Your CIA Certification

The CIA exam is highly sought after not only by potential auditors, but also by big businesses and organizations. When professionals successfully pass the CIA certification exam, they expand their career options and potential.

Many auditors will choose to earn their certified internal auditor designation as a way to bolster their resume. The main advantages to this prestigious certification are:

  • The CIA exam is globally recognized around the world. This allows a professional to work in a variety of environments that all recognize the individual’s credentials.
  • The certification demonstrates that an auditing professional understands and is able to apply the best practices of auditing to meet today’s challenging business environments.
  • Auditors can benefit from certification no matter their current position. All stages of orders are able to bolster their resume with a CIA exam, including:
    • Chief audit executives
    • Audit staff
    • Risk management staff
    • Audit managers
  • All auditors are able to enhance the credibility in the field by obtaining their certification.

Certified internal auditors also make a much higher salary the non-certified auditors. CIAs, in 2013, had an income that was $29,000 higher than their counterparts in the United States. In Canada, this number is $25,000 higher.

The earning potential after passing the CIA exam is much higher, which is a major benefit for anyone entering into the field. Call ExamMatrix today at (303) 768-0929 to learn more about the CIA exam review!

This information is derived from a study that was conducted by The Institute of Internal Auditors.

Businesses are looking for employees that have the credentials and certifications needed to propel their business’s growth and earnings. Auditors are in high demand, and having the designation that the CIA exam provides is a major bonus when looking for jobs. Not only do these professionals land higher-paying positions, they’ll also be in much higher demand and are more highly sought after than non-certified auditors.

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What Does a Certified Internal Auditor Do?

A certified internal auditor (CIA), is responsible for evaluating financial operations records of an organization, or various organizations. While an auditor does look over financial records, they are a separate entity that is not part the normal accounting team.

These professionals will monitor the company’s finances, and make recommendations on better management policies and financial decisions. Working a regular 9-to-5 job, a certified auditor must obtain a certification and have several duties:

  • Reviewing current financial records
  • Conducting tests and reports of current internal data
  • Examine financial statements and inventory
  • Examine payroll and related records
  • Analyze current financials for illegal activities
  • Examine current financials to reduce costs and increase profitability

A CIA will conduct all of these internal audits and provide reports to management. The goal is to overview the work of the financial department in an attempt to save money, find any fraudulent activity that may be occurring, help boost profitability, and ensure that taxes are filed correctly. 

Many certified internal auditors will specialize in a certain area of expertise rather than a broad area. A CIA can choose to specialize in a variety of areas, including:

  • Information systems
  • Compliance
  • Environmental policy

These professionals have been trained and taught to conduct audits to uncover fraudulent accounting practices. Businesses will often employ these professionals full-time, but there is also the option of working on a contract basis. It’s not uncommon for a CIA to work for many different companies wherein they conduct audits ensuring that the financials are properly filed by the current accounting team.

An internal audit may also be conducted when a business is planning on being sold or purchased to ensure that all of the financial information and inventory is properly filed. Auditors will not conduct the original filing, but will instead overlook the work that is done by a business’s accounting team to ensure that all the proper practices and figures exist.

Call ExamMatrix today with your questions about the certified internal auditor exam at (303) 768-0929!

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What is the CPA Exam Like?

Your nerves can get the better of you when you are planning to take the CPA exam. You may find yourself wondering what questions you will face and which concepts will be covered. At ExamMatrix, we believe that knowledge of what lies ahead will ultimately lead to your success on the exam as it allows you to wisely prepare for your examination.

Each state assigns its State Board of Accountancy or the National Association of State Boards of Accountancy (NASBA) to administer the CPA exam. You will need to meet the requirements outlined by your state to be approved as an exam candidate and provide the necessary documentation to prove your eligibility. Once you have been approved and determined the test date for which you would like to prepare, the ExamMatrix’s CPA Exam Review will test you on what you know and provide you with a personalized study plan that will ensure you will excel on exam day by employing its Adaptive-Learning technology.

With over 100,000 candidates the CPA exam consists of 4 sections of multiple-choice and task-related simulation questions covering numerous topics, such as audit procedures, financial accounting and reporting, governmental accounting, economics, federal taxation, the Uniform Commercial Code, the Code of Professional Conduct, public accounting  and financial and operations management. The 4 sections are titled, “Auditing and Attestation,” “Financial Accounting and Reporting,” “Regulation” and “Business Environment and Concepts.” Additionally, some states have added an ethics portion to the exam that is required as part of the CPA Exam. Once the testing is complete, the Board of Examiners of the American Institute of Certified Public Accountants (AICPA) assumes the responsibility of grading the exams.

To earn a passing score on each section of the CPA exam, you must earn a 75. Generally, any person being afforded the opportunity to retake certain sections of the exam must do so within a set time frame.

Contact ExamMatrix

Before you sit for your CPA exam, contact ExamMatrix today to discover how our Adaptive-Learning technology and personalized study program will successfully prepare you for your exam and ensure you pass it the first time you take it.

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7 Things to Know Before Taking the CPA

Preparing and sitting for the CPA Exam in your state is a major commitment to advancing your career. Unfortunately, many CPA exam takers do not adequately study for the exam or understand what it takes to become licensed as a CPA. To assist you with your preparations, here are 7 things to know before taking the CPA:

  1. To pass the exam, you have to commit a great deal of time to studying. The exam is made up of the following 4 sections: Auditing and Attestation (AUD), Financial Accounting and Reporting (FAR), Regulation (REG) and Business Environment and Concepts (BEC). It has been found that those who successfully pass the exam spend upwards of 100 hours studying each section for total of 400 or hours of study time. Allow ExamMatrix’s CPA Exam Review to set a schedule for you that works.
  2. Only sit for the section you are prepared to take. Boost your chance of future success and  confidence by beginning with a section you find to be the easiest.
  3. Choose the time and date of your exam wisely. If you are not a morning person, do not choose an early morning exam time. Additionally, avoid rushing to take your exam as prolonged, consistent studying is necessary to pass the exam.
  4. Without using reliable and proven study materials, it will be unlikely that you will pass. There is a large amount of materials that must be mastered in order to pass each section. With the  ExamMatrix CPA Exam Review, the guesswork is taken out of deciding what to study as its software is based on a personalized study method that adapts to what you already know and lays out a study program tailored to your needs.
  5. The exam contains both multiple-choice and task-based simulation questions. You must be prepared to successfully answer both types of questions to ensure you pass each section.
  6. Be certain you complete the review materials, practice exams and personalized study program before sitting for your exam. Following the prescribed study program provided by ExamMatrix’s CPA Exam Review will afford you the best possible chance of passing your exam the first time you take it.
  7. Depending on the state in which you live, you may have additional requirements to meet before you can obtain your license. Check with your state to be certain you are up-to-date on what you need to do to gain your license after you have passed the exam.

Contact ExamMatrix

To be certain you are giving yourself the best possible opportunity to excel on your exam, contact ExamMatrix today to employ our CPA Exam Review for your benefit.

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