CIA or CPA: Pros and Cons Comparison

Описание: Transcript at: http://ipasstheciaexam.com/cia-vs-cpa/

If you are contemplating on a professional qualification in the accounting industry, there are quite a few to choose from. For those interested or already working in internal audit, the natural choice is Certified internal Auditor (CIA) certification. But how about CPA? Afterall it is, arguably, the most prestigious and most versatile designation for all accountants.

We go through the benefits of getting a CPA vs CIA in the presentation. In summary, for most people, CPA is the most sought after qualification because it is the most well known, and also is applicable to all accounting jobs you may take later in your career. The CPA also gives you statutory rights to sign audit report, and as an external auditor, this is a must-have as you promote beyond the manager level.

The benefit of CIA is that it is the most relevant qualification in your niche, if you are in internal audit, risk management and compliance. It is also easier to get, as Part 1 and Part 2 are straightforward, and even though Part 3 is harder, the complexity is still lower than any part in the CPA exam.

Also, since it tests within its niche of internal audit, those with practical experience has a high chance to pass on their first try.

In terms of fees, the CIA exam is about half the cost than that for CPA. This is especially the case when taken into account the more affordable review materials. In terms of maintaining the qualification, the cost should be similar.

If you have any questions on the topic of CIA or CPA, or any other queries on the exam itself, please drop a note in the comment section. All the best to your career!