As an International Qualifications Network training expert, I can provide you with valuable information on how to pass your QIA (Qualified Internal Auditor) exam. The QIA certification is designed to assess a candidate's understanding of internal auditing standards, procedures, and best practices. By passing this exam, you can demonstrate your expertise in this field and enhance your career prospects.
Exam Objectives:
The QIA exam covers the following topics:
- Internal Audit Standards, Guidelines, and Codes of Ethics
- Internal Audit Planning and Execution
- Internal Audit Reporting and Follow-up
- Internal Control Concepts and Applications
- Risk Management
- Governance
- Business Processes and Risks
- Financial Management and Accounting
The exam is designed to test a candidate's ability to apply these concepts in real-world scenarios and to evaluate their understanding of the role of the internal auditor.
The QIA exam is suitable for internal auditors, audit managers, risk management professionals, compliance officers, and anyone else involved in internal audit activities. The prerequisites for taking the exam are as follows:
- A minimum of two years of experience in internal auditing or a related field
- A bachelor's degree or equivalent
- Completion of an internal audit course that covers the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing (Standards)
Related Books:
The following books are recommended for candidates preparing for the QIA exam:
- Internal Auditing: Assurance and Consulting Services, 3rd Edition, by Kurt F. Reding, Paul J. Sobel, Urton L. Anderson, and Michael J. Head
- The Internal Auditing Handbook, 4th Edition, by K. H. Spencer Pickett
- Internal Audit Quality: Developing a Quality Assurance and Improvement Program, by Sally-Anne Pitt and Andrew Chambers
- Understanding and Conducting Information Systems Auditing, by Jason D. Turner
- COSO Internal Control - Integrated Framework: Guidance on Monitoring Internal Control Systems, by Committee of Sponsoring Organizations of the Treadway Commission
Exam Details:
The QIA exam consists of 125 multiple-choice questions and has a time limit of 2.5 hours. The passing score for the exam is 70%, which means you need to answer at least 88 questions correctly to pass. The exam can be taken at any Pearson VUE test center around the world, and the cost of the exam is $495 for IIA members and $695 for non-members.
The QIA exam is delivered in a computer-based format, which means that you will take the exam on a computer at the test center. The exam questions are randomized, which means that no two candidates will receive the same set of questions. You will receive your score immediately after completing the exam, and if you pass, you will receive your certification within a few weeks.
To prepare for the exam, you should study the exam objectives and related books, and take practice exams to get a feel for the types of questions you will encounter on the exam. You can also attend training courses offered by the IIA or other training providers to enhance your knowledge and
prepare for the exam. It is recommended that you review the exam content regularly and use a study schedule to help you stay on track.
In conclusion, passing the QIA exam requires a combination of knowledge, skills, and preparation. By understanding the exam objectives, prerequisites, and related books, you can develop a solid understanding of the topics covered on the exam and enhance your chances of success. Good luck with your exam preparation!