Certified Internal Auditors
Certified internal auditors are some of the highest-rated internal auditors in Canada who inspect companies financial records to mazimize efficiency and reduce financial losses.
The Certified Internal Auditor (CIA) designation is bestowed upon members accepted into the professional—and internationally recognized—association The Institute of Internal Auditors (IIA) who, through their accreditation process, maintain the professional standards of the auditing discipline. In addition this this designation, they also offer seven other certifications: the Qualification in Internal Audit Leadership (QIAL), Certification in Control Self-Assessment (CCSA), Certification in Risk Management Assurance (CRMA), and more.
The Institute of Internal Auditors is a historically renowned organizating dating back to 1941 with over 180 thousand members, over 160 chapters, and 11 corporate partners. They are actively involved in the international auditing community and offer volunteer opportunities and awards to their members. They further actively promote diversity in the field through special initiatives such as their Diversity & Inclusion initiative. Through their efforts they have helped establish the international status of the auditing profession.
The designation offers three paths to enrollment: an applicant must have either a post-secondary degree totaling 3-4 years, 5 years of internal auditing experiences with 2 years of post-secondary education, or 7 years of internal auditing experience. There is no course; applicants must complete three Certified Internal Auditor exams (approximately $1200 in total) and 2 years of work experience. In addition to this, applicants must provide character references to back up their claims.
According to their website, the CIA designation is the only internationally-recognized internal auditor designation. Furthermore, they state that it gives auditors career mobility, increased pay (almost double), and international status. It is a very accessible designation for people with a financial background and is cost-effective. The only drawback is that there is no dedicated program by the IIA for this program so students will need to study on their own.