changes to the iia’s qualifications and tuition programmes

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Changes to the IIA’s qualifications and tuition programmes

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Page 1: Changes to the IIA’s qualifications and tuition programmes

Changes to the IIA’s qualifications and

tuition programmes

Page 2: Changes to the IIA’s qualifications and tuition programmes

Agenda

1. Overview of the changes

2. Transition arrangements for current students

3. Tuition options for existing and new qualifications

4. Questions

Page 3: Changes to the IIA’s qualifications and tuition programmes

Overview of the changes

Phasing out the IIA Diploma and replacing it with the Certified Internal Auditor (CIA)

Phasing out the IIA Advanced Diploma and replacing it with the Qualification in Internal Audit Leadership (QIAL)

Chartered Internal Auditor status (CMIIA) will remain and it will be awarded by completing the three QIAL exams

Continued support for PIIA and CMIIA

New tuition programmes for the CIA and QIAL

Page 4: Changes to the IIA’s qualifications and tuition programmes

Transition arrangements

Existing students can choose to:

Complete your current qualification and then choose whether to accept the CIA and/or credit towards the QIAL

Complete your current module(s) and then switch to the new qualification

Begin new modules of your existing qualification, pass these and then switch over

Stop studying your existing qualification and switch over immediately (from 22 June)

Page 5: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Diploma students

Factors to take into account when deciding how to proceed:

The credit(s) you will earn for completed modules (see later slide)

If you switch from the IIA Diploma to the CIA you will earn the CIA designation, not the PIIA

If you complete the IIA Diploma you can then accept the CIA and use both designations if you choose

You will likely need to hold the CIA if you intend to continue your studies to become chartered (via the QIAL qualification)

CIA holders must comply with IIA Global’s CPE requirements to report 40 hours of education each year

Page 6: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Diploma students

The CIA comprises three exams. If you have already passed modules for the IIA Diploma then you can claim credit (exemption) from parts of the CIA.

Credit for IIA Diploma modules passed:

There is no charge for claiming credits(s).

Modules passed Credit may be claimed for

P1, P2 and P4 CIA part 3

P3 CIA part 2

P3 and P5 CIA part 1

Page 7: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Diploma students

When you transition to the CIA:

• There is no qualification registration fee to pay

• Tuition is not compulsory but recommended and available from September

• You can buy access to the CIA Learning system and study materials for just the parts you need

• Exams are taken at over 100 Pearson Vue centres nationwide and you can choose a day to suit you

Page 8: Changes to the IIA’s qualifications and tuition programmes

Tuition for the CIA

CIA Learning System and books available as individual parts. Cost: £167 per part

Face-to-face tuition available from September

Prices exclude VAT

www.iia.org.uk/ciacost

CIA part Workshop Cost, £

1 Internal audit basics 2 days 675

2 Internal audit practice 2 days 675

3 Internal audit knowledge elements 4 days 1,100

Page 9: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Advanced Diploma students

Existing students can choose to:

Complete your current qualification and then choose whether to accept the QIAL (existing or recent HIA experience required), or credit towards it (no HIA experience)

Complete your current module(s) and then switch to the new qualification

Begin new modules of your existing qualification, pass these, and then switch over

Stop studying your existing qualification and switch over immediately (from 22 June)

Page 10: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Advanced Diploma students

The QIAL comprises three exams, a presentation and panel interview. If you have already passed modules for the IIA Advanced Diploma then you can claim credit (exemption) from parts of the QIAL.

Credit for IIA Advanced Diploma modules passed:

There is no charge for claiming credits(s).

Modules passed Credit may be claimed for

M1 QIAL case study 2

M3 QIAL case study 1

Page 11: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Advanced Diploma students

Two options when you take the QIAL:

1. Achieve chartered status (CMIIA)

Complete the three case study exams and PEJ

2. Achieve CMIIA and the QIAL

Complete the three case study exams and PEJ

Complete a presentation and panel interview

www.iia.org.uk/qial

Page 12: Changes to the IIA’s qualifications and tuition programmes

Transition for IIA Advanced Diploma students

When you transition to the QIAL:

There is no qualification registration fee to pay

Tuition is not compulsory but recommended and available from September

Exams are taken at over 100 Pearson Vue centres nationwide and you can choose a day to suit you within the QIAL exam windows: February, June and October

Page 13: Changes to the IIA’s qualifications and tuition programmes

Tuition for the QIAL

New online learning system developed by the Chartered IIA to support students

Face-to-face tuition, in the form of case study workshops, available from January

Aim to prepare students to sit QIAL exams in February

Online and face-to-face tuition also available to prepare students for the presentation and interview tasks

Details and costs online

www.iia.org.uk/qialcosts

Page 14: Changes to the IIA’s qualifications and tuition programmes

Your questions