The Institute of Internal Auditors (IIA) a professional association for internal auditors, has announced upcoming changes to its continuing professional education (CPE) reporting policy.
In a statement, the IIA says the changes, which were approved by the IIA’s Professional Certification’s Board (PCB), were made to “ensure internal auditors are regularly enhancing their skills and keeping up to date with developing trends in an ever-changing risk landscape.” The changes are set to take place in September of 2023.
Major changes to the CPE policy include:
- Any surplus of CPE acquired during a calendar year may be used for the following calendar year reporting cycle (20 hours max for CIA and 10 hours for other IIA designations can be rolled over)
- Grace period increased from one year to two years.
- A certification will be “revoked” if the holder goes three consecutive years without reporting CPE.
- A certification in “revoked” status cannot be reinstated; an individual with “revoked” certifications will need to retake the exams.
“After a thorough review, the PCB decided to update our CPE Reporting Policy to align with credentialing best practices and maintain the credibility of the IIA’s certifications such as Certified Internal Auditor (CIA), Certification in Risk Management Assurance (CRMA),” said Lily Bi, executive vice president of the global standards and certification at the IIA. “Continuing professional education is an opportunity for internal auditors to demonstrate their commitment to lifelong learning, which serves to benefit all certification holders, their employers, and stakeholders alike.”
As part of the changes, the “CPE Reporting Policy” will become known as the “Annual Certification Renewal Policy” on September 1, 2023, when the changes outlined above go into effect for all IIA certification holders and current candidates.
Individual certification holders who are currently in grace period or expired status can’t claim the certifications. They should follow the current CPE policy to report CPE or reinstate their certifications before the new Policy in effect.
The IIA remains firmly committed to upholding the internal audit profession’s reputation for providing objective assurance services in an objective and ethical manner. 