Cima new syllabus
You're referring to the new syllabus for the Certified Internal Auditor (CIA) program offered by the Institute of Internal Auditors (IIA).
The new CIA syllabus, effective from January 2020, has undergone significant changes to reflect the evolving needs of internal auditing and the profession. Here are some key updates:
New Learning Objectives:
- Risk Management and Internal Control: Emphasizes the importance of risk management and internal control in the internal audit process.
- Governance and Compliance: Highlights the role of internal audit in ensuring effective governance and compliance with laws, regulations, and organizational policies.
- Business Acumen: Focuses on developing internal auditors' understanding of business operations, financial management, and strategic planning.
- Communication and Collaboration: Stresses the importance of effective communication and collaboration with stakeholders, including audit committees, management, and other professionals.
- Technology and Data Analytics: Recognizes the increasing use of technology and data analytics in internal auditing and requires internal auditors to have a basic understanding of these tools.
New Content Areas:
- Risk Management and Internal Control: Covers risk assessment, risk mitigation, and internal control frameworks.
- Governance and Compliance: Discusses the role of internal audit in ensuring effective governance and compliance with laws, regulations, and organizational policies.
- Business Acumen: Covers business operations, financial management, and strategic planning.
- Communication and Collaboration: Emphasizes the importance of effective communication and collaboration with stakeholders.
- Technology and Data Analytics: Introduces internal auditors to basic concepts of technology and data analytics, including data visualization and statistical analysis.
Changes to the CIA Exam:
- New Exam Format: The CIA exam will now consist of four sections: Risk Management and Internal Control, Governance and Compliance, Business Acumen, and Communication and Collaboration.
- Increased Emphasis on Technology and Data Analytics: The exam will include more questions related to technology and data analytics.
- More Complex Case Studies: The exam will feature more complex case studies that require internal auditors to apply their knowledge and skills to real-world scenarios.
Overall, the new CIA syllabus aims to equip internal auditors with the skills and knowledge needed to navigate the evolving internal audit landscape and provide value to their organizations.