How many certified internal auditors are there

Global Sites Advanced search. Become an Author. Premier Global. Research Study New to Certification? Why Become Certified? Download Handbook. Currently Enrolled? Already Certified? Page Image. The actions were illegal, unethical, biased, unprofessional, and violated the CIA code of ethics.

Candidates for the designation usually study to hours for the credentialing exams and provide a letter supporting their character. If you become a CIA, you will also have to meet continuing education CE requirements of 40 hours per year to maintain certification. CIAs have a wide range of career options. A CIA can move into an executive position, such as vice president, chief audit executive, or director.

A CIA can specialize as an internal auditor, an audit manager, and a compliance auditor, or in investigation auditing and information technology auditing. The IIA launched in and solidified the internal audit practice as a profession.

In , Congress required that each executive agency include internal audits in the agency's system of internal controls. Internal auditing emerged as a separate accounting function in the middle of the 20th century. In , the Foreign Corrupt Practices Act completely overhauled the internal auditing industry.

The act prevented companies from hiding funds and conducting bribery. The act required companies to keep adequate systems of internal control and keep complete and correct financial records, increasing the demand for internal auditors.

The hiring of auditors is projected to increase. Due to changes in legislation regarding financial reporting, corporate taxes , and mergers and acquisitions , an increase in the demand for auditors, and a need for increased accountability to protect organizations and their stakeholders , is certain.

The role of auditors continues to change, which is going to drive job growth in the industry. In addition, succession planning , retirement, and employee turnover will produce new job openings in the industry.

Companies and government agencies will continue to hire internal auditors to strengthen internal controls.

Because accounting scandals and financial improprieties are still a real problem that investors and analysts must be made aware of, CIAs' roles will remain important for the foreseeable future. Career Advice. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. Upcoming Conferences. Conferences FAQ. Browse by Location. Browse by Category. Trending Pulse of Internal Audit. As a matter of fact, earning a professional internal audit credential is a critical step to being distinguished from your peers and will: Enhance credibility and respect.

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