The Institute for Internal Controls is dedicated to promoting an effective internal controls environment in all organizations by providing high quality research and education in all areas of internal controls. As an indicator of expertise in internal controls, The Institute for Internal Controls grants the designation ofCertified Internal Controls Auditor (CICA) and Certified Controls Specialist (CCS).
In 2015, TheIIC will begin offering a portfolio of live and video based training courses. The courses will be a source of reference for those seeking internal controls training as well as preparation for those seeking certification via the examination process. The courses will also be an excellent refresher for the experienced internal controls auditor and specialist as well as a resource for Continuing Professional Education. All members of TheIIC will receive a discounted rate.
TheIIC is seeking educators and professionals with teaching experience to help develop courses and/or serve as instructors. Interested parties should contact the Office of the Chairman for consideration at email@example.com.
CICA/CCS Common Body of Knowledge for Exam Under Development
The Board has approved the development of the Common Body of Knowledge that is necessary for the preparation of the written examination for certification as a CICA or CCS. The CBOK should be ready for release before year-end. In addition, based on the CBOK, TheIIC will begin developing "live group" and "self study" course material and reference list of readings for candidates who do not qualify under the Grandfathering Provision. This training will also be available for CPE credit to current and future members at a reduced member's only rate.
Credit Card Payment Service Expanded
Applicants and members can now pay their application fees and annual dues by credit card via Paypal. Paypal is a safe, secure and fast method of payment and is available in 190 countries and regions. No fee is charged to the applicant/member and you do not have to join Paypal to use this service. Members can also order a replacement or extra certificate for display at their home or workplace.
Special Topics for the Accounts Payable Disbursement Process: Best Practices and Case Studies (2-day, 16CPE)
Internal Controls for the Purchase to Pay Process (2-day, 16 CPE)
UPDATE 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.