In view of the pandemic and our inability to have face to face classes, online classes will be conducted every week end to cover the syllabus of three Parts of the CIA study. Attendance to each session is compulsory. Study material will be provided to all students as the fees include cost of study material. Classes will be recorded. Recordings will be provided at the discretion of the Lead Faculty depending upon the reasons offered. Recordings will be made available for a maximum of 15 days with a maximum of three recordings at a time.

The course content of the study is broader than that of any advanced post-graduate program and needs to be completed in over 130 hours of class study, to a level expected in a global level exam.  This task can be accomplished, only if the aspirants are prepared to read the study material before attending the respective classes and note down their doubts for discussion during the class room sessions. We strongly believe that this practice alone will help to consistently evince interest in studies and carry forward the students. To support this, a 24x 7 doubts clearing facility is also extended to clarify doubts on a day-to-day basis without the need to wait until the subsequent class. As a part of this program, students will also get appropriate mentoring and timely guidance as may be needed UNTIL they get the coveted certification.

Determination and preparedness to devote relentless efforts consistently, as advised by the faculty is very important. The Lead faculty will continuously monitor the study progress of aspirants and will set targets for completing. Aspirants are expected to meet the rigors of this course if they have to complete the CIA exam successfully in the shortest possible time.

IIA Global Headquarters has notified changes to the Certified Internal Auditor® (CIA®) program scheduled from 2014

Below is a brief overview of the current CIA syllabus:

Part 1 Exam: Internal Auditing Basics
Duration: 2.5 hours
Question Count: 125
Part 2 Exam: Internal Audit Practice
Duration: 2.0 hours
Question Count: 100
Part 3 Exam: Internal Audit Knowledge Elements
Duration: 2.0 hours
Question Count: 100
Topical focus areas include:

  • IIA Mandatory Guidance
  • Internal Control and Risk
  • Tools and Techniques for Conducting the Audit Engagement
Topical focus areas include:

  • Managing the Internal Audit Function
  • Managing Individual Engagements
  • Fraud Risks and Controls
Topical focus areas include:

  • Governance
  • Risk Management
  • Organizational Structure and Business Processes
  • Communication
  • Leadership
  • IT/Business Continuity
  • Financial Management
  • Global Business Environment

The online exams with a multiple choice question pattern can be taken anytime through authorized Prometric centers spread across the country in all major cities.(one center is in Chennai).

The exams can be taken up the three parts, one at a time or complete all in one single shot. The candidate, however should clear all parts (done at one go or individually) within 4 years from the date of registration.

Eligibility criteria

CIA exam is a highly competitive exam. Aspirants should be graduate or above and should have a minimum of three years of experience in internal auditing and /or risk management in a medium or large organization/consultancy. Professional accounting qualifications, knowledge of Finance and Information technology /security and exposure to general Management practices are added advantages.

Admission criteria

The admission is based on sound educational background and experience, particularly in internal auditing and risk. Admission is limited to 15 students per batch to facilitate focused learning and personal attention. Applicants meeting the eligibility criteria will be interviewed by our lead faculty to evaluate their suitability and aptitude to pursue the course.

Determination and preparedness to devote relentless efforts consistently, as advised by the faculty is very important. The Lead faculty will continuously monitor the study progress of aspirants and will set targets for completing. Aspirants are expected to meet the rigors of this course if they have to complete the CIA exam successfully in the shortest possible time.

Normal fees covering all 3 Parts of CIA is Rs. 50,000 plus GST. (GST will be 18%)

Detailed Fee Structure          Details of Bank

    • Next batch of classes for all the three parts starts on 21st August 2021. In view of the present pandemic, we offer online classes during the week ends. The timings will be from 6:30 am to 9:00 am.
    • Registration on or before 10th August 2021 will be eligible for Early Bird Offer of Rs. 5,000 discount from Normal fees
    • Payment by installments (subject to conditions) will be permitted.
    • For 2 installments, fees will be Rs. 52,000 plus ST.(Rs. 27,000 plus GST+one month PDC for Rs. 25,000 plus GST)
    • For 3 installments fees Rs. 55,000 plus GST. (Rs. 25,000 plus GST+2 monthly PDCs for Rs. 15,000 each with GST)
    • Instalment scheme will not be available for those availing Early Bird Offer.
    • Concessional fee is applicable to past GMA students wanting to join classes again. Please see Detailed Fee Structure

The Face to Face classes will be held on Sundays from 8.30 am to 1.30 pm.
In case of Online classes, it will be from 6.30 am to 9 am on Saturdays and Sundays

For Online Classes

Course Details No. of days No. of Hours Total Hours
Part I Classes 14 days (7 Sat & Sun) 2.5 hours a day 35
Part II Classes 12 days (6 Sat & Sun) 2.5 Hours a day 30
Part III Classes 24 days (12 Sat &Sun) 2.5 hours a day 60
Additional Class by External Faculty 2 (1 Sat & Sun) 2.5 hours a day 05
Total 52 (26 Saturdays & Sundays) 130

For Face to Face Classes

Course Details No. of days No. of Hours Total Hours
Part I Classes 7 (Sun) 5 35
Part II Classes 6 (Sun) 5 30
Part III Classes 12 (Sun) 5 60
Additional Class by External Faculty 1 (Sun) 5 05
Total 26 Sundays 130

Prepare yourself to take the exams confidently by attending our classes for New 3 part format of Examinations by Institute of Internal Auditors, Florida.

With an aim to make it easier for those CIA aspirants who do not have professional qualifications-(CA, ICWA, MBA or PG equivalent) and/or industrial experience, Grey Matter Academics conducts regular Bridge program to help and prepare such candidates with a certain level of proficiency demanded for an international certification course such as CIA.

With an objective to support aspirants who could not attend regular classes and for those who would like to have a last-minute brush up before taking the CIA exam, GMA will be periodically conducting Crash Courses. The eligible student should have either attended regular classes or gone through self-study program. Freshers or those who are new to CIA will not be considered.

Dates of the classes will be announced in the website or communicated to those who have informed us of their interest to attend.

Upcoming Crash Courses in January 2021 -Part-2 of CIA

Date and Day Topics Books required
16/01/2021 Saturday Nature of work, Organization wide planning Implementation guide of IIA including Mission, principles, Code of Ethics definition of Internal audit and international standards
17/01/2021- Sunday Engagement planning -do-
22/01/2021-Friday -do- -do-
23/01/2021 Saturday Conducting engagement, including tools and techniques, Sampling and CAATS -do-
24/01/2021- Sunday -do- -do-
26/01/2021- Tuesday

Republic day

Communication of results and follow up -do-

Note 1:

All Classes will be from 6:30 am to 9:00 am (Duration of 2.50 hors)

Note 2:

Admission is restricted to GMA students only. External candidates may be considered subject to certain terms and conditions.

Fee Structure:

Rs 6000 plus GST. No study material will be supplied. Non- GMA students, if admitted will be provided with material chargeable separately.

Part III (will be covered in three weeks of the month either in March/ April 2021.)

* Dates to be Announced Domain Topics
Friday – Week I Domain 1 General Management
Saturday- Week I Domain 1 -do-
Sunday- Week I Domain 1 -do-
Friday – Week II Domain 2 IT and Information security
Saturday – Week II Domain 2 -do-
Sunday – Week II Domain 2 -do-
Friday – Week III Domain 3 Finance
Saturday – Week III Domain 3 -do-
Sunday – Week III Domain 3 -do-
Total

Note 1:

All Classes will be from 6:30 am to 9:00 am (Duration of 2.50 hors)

Note 2:

Admission is restricted to GMA students only. External candidates may be considered subject to certain terms and conditions.

Fee Structure:

Fee for Crash course for the entire Part 3 will be Rs 9,000 plus GST. No material will be provided. (Non- GMA students, if admitted will be provided with material chargeable separately.

A student will be permitted to join Crash course for specific Domains of Part 3. In such a case the fee chargeable will be as follows: (fee indicated is exclusive of GST)

  1. Any one domain Rs 4,000
  2. Any two Domains Rs 7,000

Teaching methodology– A quick review of all important topics for four hours followed by one hour of doubt clarification and/or discussions each day. Participants will be permitted to undergo mock-test. The students may seek additional exam related guidance/ input after crash course hours from the faculty.

A few successful CIA studentsView