What Are the Best Internal Auditor Certifications to Advance Your Career in 2024?

Earning a professional certification is one of the most impactful steps an internal auditor can take to enhance their credibility, increase their earning potential, and unlock advanced career opportunities. Based on industry data from sources like the Institute of Internal Auditors (IIA), certified professionals often have a significant advantage in the job market.

How Can a Certification Boost Your Career as an Internal Auditor?

Professional certifications serve as an objective validation of your skills and knowledge. In a competitive field, they differentiate you from other candidates. The benefits are clear:

• Enhanced Credibility: A certification is an external endorsement from a recognized governing body, signaling to employers that you adhere to global standards and a code of ethics.
• Increased Earning Potential: Data consistently shows that certified auditors command higher salaries. For example, the IIA's Global Salary Guide often reports a premium for Certified Internal Auditor (CIA) holders compared to their non-certified peers.
• Career Advancement: Certifications are frequently a prerequisite for senior and leadership roles within audit departments, internal controls, and risk management.

What Are the Top Internal Auditor Certifications to Consider?

The "best" certification depends on your career path—whether you aim for generalist expertise or a specialist role. Here are some of the most respected credentials in the industry:

1. Certified Internal Auditor (CIA) The CIA is the only globally recognized certification specifically for internal auditors. Offered by the IIA, it demonstrates a comprehensive understanding of the International Professional Practices Framework (IPPF), internal audit principles, and risk-based auditing. It is considered the gold standard for the profession and is highly valued by employers across all industries.

2. Certified Information Systems Auditor (CISA) For auditors focused on technology, the CISA is essential. Offered by ISACA, it validates expertise in auditing, controlling, and securing information systems. With the increasing importance of cybersecurity and data privacy, CISA holders are in high demand to assess IT controls and manage technological risks.

3. Certification in Risk Management Assurance (CRMA) Also from the IIA, the CRMA is designed for auditors who advise their organizations on risk management and governance processes. It focuses on strategic-level skills, making it ideal for those moving into assurance or consulting roles that require providing insights on organizational risk.

The table below provides a quick comparison of these core certifications:

What About Specialized Certifications for Niche Auditing Fields?

Beyond the core certifications, several credentials allow you to specialize further:

• Certified Fraud Examiner (CFE): Offered by the Association of Certified Fraud Examiners (ACFE), this certification focuses on fraud detection, investigation, and deterrence. It's crucial for auditors in forensic accounting or litigation support roles.
• Certified Government Auditing Professional (CGAP): This IIA credential is tailored for auditors working within federal, state, or local government entities, validating knowledge of unique public sector auditing standards and practices.
• Certified Financial Services Auditor (CFSA): Another IIA certification, the CFSA demonstrates expertise in auditing banking, insurance, and securities operations, making it valuable for roles within the financial services industry.

How Do You Maintain Multiple Internal Auditor Certifications?

Yes, many professionals hold multiple certifications to broaden their expertise. However, it's important to understand the maintenance requirements. Most certifications require holders to complete Continuing Professional Education (CPE) credits annually or over a multi-year cycle. This ensures professionals stay current with evolving industry standards, laws, and best practices. Based on our assessment experience, successfully managing multiple certifications requires careful planning to meet the CPE obligations for each one.

To maximize your career growth as an internal auditor:

• Start with the CIA if you are early in your career or seek a generalist path.
• Pursue a specialist certification like CISA or CFE to align with your industry or interests.
• Research the specific experience and exam requirements for any credential you pursue.
• Plan for ongoing learning by understanding the CPE requirements to maintain your certifications.