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IIA-ACCA (ACCA CIA Challenge) Certification Exam is a certification program offered by the Institute of Internal Auditors (IIA) that is designed to equip individuals with the knowledge and skills required to excel in the field of internal audit. The program is aimed at professionals who are already Certified Internal Auditors (CIA) and are looking to enhance their credentials further. The IIA-ACCA certification focuses on advanced internal audit topics and provides a competitive edge to those who pass the exam.

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The cost of the exam varies depending on the candidate's location and membership status with the IIA and ACCA. However, it is generally more affordable than other professional certification exams. Candidates who are members of both organizations may be eligible for discounts on the exam fees.

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IIA IIA-ACCA (ACCA CIA Challenge) Exam is a certification exam offered by the Institute of Internal Auditors (IIA). IIA-ACCA exam is specifically designed for those individuals who have already earned the Association of Chartered Certified Accountants (ACCA) certification and wish to further enhance their knowledge and skills in the field of internal auditing. The IIA-ACCA exam is a globally recognized credential that demonstrates an individual’s expertise in internal auditing and their ability to apply internal audit principles to real-world situations.

Reference: https://global.theiia.org/certification/Public%20Documents/CIA-Challenge-Exam-FAQs.pdf

IIA IIA-ACCA Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Practice of Internal Auditing40%- Engagement Planning
  • 1. Objectives, Scope, and Risk Assessment
    • 2. Work Program and Resource Allocation
      - Analysis and Evaluation
      • 1. Evidence Assessment and Documentation
        • 2. Audit Tools and Data Analysis
          - Monitoring Progress
          • 1. Assessing Residual Risk
            • 2. Follow-up on Corrective Actions
              - Information Gathering
              • 1. Sampling and Analytical Techniques
                • 2. Audit Evidence Collection
                  - Communication and Reporting
                  • 1. Exit Conference and Follow-up
                    • 2. Reporting Standards and Structure
                      Topic 2: Business Knowledge for Internal Auditing30%- Financial and Business Knowledge
                      • 1. Financial Accounting and Analysis
                        • 2. Business Processes and Management
                          - Data Analytics
                          • 1. Analytics Concepts and Process
                            • 2. Application in Internal Auditing
                              - Information Security and Technology
                              • 1. System Development and Software
                                • 2. Security Controls and Risk
                                  • 3. IT Infrastructure and Frameworks
                                    Topic 3: Essentials of Internal Auditing30%- Proficiency and Due Professional Care
                                    • 1. Required Knowledge and Skills
                                      • 2. Application of Due Care
                                        - Governance, Risk Management, and Control
                                        • 1. Risk Management Framework
                                          • 2. Governance Concepts
                                            • 3. Internal Control Principles
                                              - Independence and Objectivity
                                              • 1. Objectivity and Impairments
                                                • 2. Organizational Independence
                                                  - Fraud Risks
                                                  • 1. Forensic Auditing Basics
                                                    • 2. Detection and Prevention
                                                      • 3. Types and Indicators of Fraud
                                                        - Foundations of Internal Auditing
                                                        • 1. Definition, Mission, and Core Principles of Internal Auditing
                                                          • 2. Assurance vs Consulting Services
                                                            • 3. Internal Audit Charter and Purpose
                                                              • 4. IIA Code of Ethics
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