How To Become A Certified Internal Auditor In Namibia

What is a certified internal auditor?

A Certified Internal Auditor (CIA) is a certification offered to accountants who conduct internal audits. … CIAs usually work in the audit department of government agencies, financial institutions, or corporations. They review financial records to look for deficiencies in internal controls.

How to become a certified internal auditor

To get a certified internal internal auditor in Namibia, you need to get bachelor’s degree or equivalent that requires 24 months of internal auditing experience or equivalent. Associate’s Degree or equivalent requires 60 months of internal auditing experience or equivalent. The career path to becoming an internal auditor follows a sequence, starting with obtaining an academic qualification – a Bachelor of Commerce and Honours in Accounting, as well as completing the Certificate: Theory of Accounting (CTA).

Frequently Asked Questions

How do I become an auditor in Namibia?

A bachelor degree in the field of accounting is generally required to become an Auditor. These are generally three-year courses, open to anyone over 17 years and who has completed year 12 with an appropriate Universities Admission Index.

What qualifications do you need to be an internal auditor in Namibia?

The career path to becoming an internal auditor follows a sequence, starting with obtaining an academic qualification – a Bachelor of Commerce and Honours in Accounting, as well as completing the Certificate: Theory of Accounting (CTA).

How do you get a CIA certificate in Namibia?

• have a university degree in any field,
• have two years of experience in the field of external or internal audit,
• commit to abide by the “Code of Ethics”,
• provide a written recommendation from their supervisor / employer or Certified Internal Auditor.

Is CIA harder than CPA in Namibia?

You have more time on the CPA exam since you will have task-based simulations and multiple choice questions to answer. So when it comes to test duration, the CIA Exam is easier since it takes half the time of the CPA Exam.

Is certified Internal Auditor worth it in Namibia?

As a CIA, you won’t have to settle simply for financial stability. Instead, you can enjoy financial success. The IIA reports that CIAs in Namibia earn an average of $38,000 more annually than those without the certification. That means you can be making as much as 51% more than your non-certified peers.

Is internal audit a good career in Namibia?

Job growth for auditors has been very strong for much of the past decade. That has made internal auditing a great option for those entering the workforce or considering a career change. However, picking a job and flourishing in it is about more than opportunity alone.

Is Auditor a good career in Namibia?

IT auditing tends to pay better than other areas of auditing. IT auditing offers a greater earning potential in part because the profession requires a specialized background. A shortage of high performers in this field is another reason for the elevated salaries of IT auditing.

How do I start a career in internal audit in Namibia?

• Earn a bachelor’s degree. Obtain a bachelor’s degree in accounting, finance, business or a related field.
• Pass the CPA exam. Many employers require internal auditor candidates to hold a CPA.
• Earn additional certifications.
• Develop a resume.

How long is CIA exam in Namibia?

You must complete the CIA in three years and, in general, students spend around nine months on each of the parts. Most students complete the CIA in 12–18 months. The maximum time allowed is three years – that includes the time that needs to elapse for you meet the experience requirement.

Is CIA or CPA better in Namibia?

The CIA certification is easier to obtain than the CPA since the exam is focused on 1 major aspect of accounting, whereas the CPA exam is based on 4. If you enjoy detail work and investigating, the CIA certification would work out well for you.

Which is the hardest part of CIA exam in Namibia?

We’ve found, and frequently hear from candidates around the world, that Part 3 tends to pose the biggest challenge for a number of reasons.

Does the CIA hire accountants in Namibia?

Now intelligence analysts and officers working on operations are oftentimes the most popular and most sought-after positions but the CIA is also hiring administrative specialists, accountants, business people, cyber experts, engineers, human resource specialists, librarians, individuals in the arts and publishing.

Why should I become an internal auditor in Namibia?

Internal auditors gain an in-depth, up-close understanding of the processes, policies and procedures of an organization. Partnering with management, they are able to provide invaluable operational knowledge and industry insights to companies, with frequent exposure to the board.

Do auditors get paid well in Namibia?

Senior auditors earn wages around $85,000 at the midpoint or $118,000 per year at the high end of the spectrum. Even internal auditors with just one to three years of experience have a $68,000 midpoint salary and wages up to$108,250 at the 95th percentile.

Do auditors make good money in Namibia?

At the senior level, internal auditors averaged $65,000 to $84,250 a year at a midsize company and $71,750 to $94,000 a year at a large company. Managers of auditing departments made even more, averaging $78,750 to $106,250 a year at a midsize company and $90,000 to $127,000 at a large company.