Board Amends Education Requirements for Certification
Under the Grandfathering Clause
The Board was asked to reconsider the education requirements for certification under the Grandfathering Clause for the CICA professional designation. Based on a recent survey of internal audit departments, it was revealed that many internal auditors and consultants do not have undergraduate or graduate degrees in Accounting or Information Technology (for IT auditors). However, many of these same individuals have many years of experience in the internal controls area, and are truly qualified as a result of other education or experience. As a result, the Nominations Committee and Accreditations Committee have amended the education requirements, effective immediately, to the following:
- Candidates having either a Bachelors or Masters or Doctoral degree in Accounting or Information Technology (for IT Auditors) will be awarded 40 points. In selected cases, canidates may receive 40 points for other business majors if the major is applicable to their field of auditing. For example, an Auditor who specializes in Management Controls can substitue a degree in Management. A major is considered any field in which the candidate has completed at least 24 semester credits. The education must coincide with the primary area of the candidate's experience.
- Candidates possessing a Bachelors degree in any major other than above will be awarded 20 points. These individuals can substitute experience in internal controls for the education reduction.
- The restriction of a maximum of 30 points for experience is removed.
The education requirements for the CCS professional designation remain the same. However, the restriction of a maximum of 30 points for experience is removed.