Sunday, November 6, 2011

Do internal auditors need accounting designations?‎

Despite the important progress made in recognizing the value of the CIA designation and other internal audit-related certifications, I am still surprised that many companies (at least in Canada) are still requiring an accounting designation for their internal audit vacancies. The accounting designation is always “a must-have”, while the CIA is “a plus or nice to have”.

The question is: do internal auditors really need an accounting designation? The market seems to suggest that!! In my opinion, The CIA should be “a must-have” and the accounting designation “ a plus or nice to have”. What do you think?

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  1. Wa'el Bibi,

    You're absolutely right about that requirement in Canada, and I really do not understand why! However, companies in Brazil do not make such requirement and usually give preference to professionals with the CIA designation, which I also think that makes a lot more sense.

  2. In India also the same situation, most of companies ask CA (Chartered Accountants) for Internal Audit and CIA just as plus. IIA still needs a lot of efforts to make that reputation in many countries.


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