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ACCA and IIA Sign Pact on Accounting and Internal Auditing

Posted by | June 16, 2015 | Big 4 Accounting firms, FTSE 100 companies, Internal Audit, Latest Audit Information & News, Risk Audit, Sarbanes-Oxley

Audit International, the leading specialists in Internal and External Audit Recruitment across Europe, the US and Asia have known that The Institute of Internal Auditors and the Association of Chartered Certified Accountants have signed a memorandum of understanding aimed at advancing internal auditing and accounting practices globally.

The main part of the collaboration is a one-time challenge exam open to ACCA members toward receiving the IIA’s Certified Internal Auditor, or CIA, certification.

The CIA certificate, launched in 1973, identifies the individual as a committed and competent professional and provides recognition and status among peers and principal stakeholders.

Recently, IIA president and CEO Richard F. Chambers said “We are eager to make the challenge exam available to qualified ACCA members because earning the CIA represents an important level of achievement for internal audit practitioners,” He also added: “The rigorous requirements for ACCA membership reflect the high standards of professional attainment that we expect of all of our CIA certificate holders.”

The ACCA certification identify members as qualified accountants and show their commitment to high ethical standards, professional values, and lifelong learning. To get the ACCA is mandatory to pass ACCA qualification exams and a professional ethics module, a three-year practical experience requirement and more.

We have also learnt that ACCA-member recipients of the CIA will have to meet continuing professional education requirements beginning in January 2017 to retain the certification.

Finally, has been known that the organizations will help build awareness of respective initiatives and programs, including the ACCA’s recognition of the IIA’s International Standards for the Professional Practice of Internal Auditing.

 

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