Duration Of The Program
The Internal Auditing Professional (IAP) Program may be completed in a period of three years (36 months).
Period of Validity of Registration
It is mandatory for the candidates to finish all four stages of the Internal Auditing Professional (IAP) Program within seven years from the date of enrollment. The candidate must complete the Foundation Stage of the IAP Program within three years from the date of registration. If the candidates are unable to complete the program within the given time frame but he is willing to continue, he will have to register de novo.
The Internal Auditing Professional (IAP) Program comprises 21 papers and is categorized into four stages, namely Foundation Stage (5 papers), Certificate Stage (5 papers), Professional Stage Group I (5 papers), and Professional Stage Group II (6 papers).
Candidates must complete the Foundation Stage of 5 papers before moving to the Certificate Stage of 5 papers. Upon completion of the Certificate Stage, they will be admitted to Professional Stage Group I, consisting of 5 papers. It is mandatory for candidates enrolled in the Internal Auditing Professional (IAP) Program to study and complete all the four stages/21 papers sequentially.
Professional Stage Group I
Professional Stage Group II
The duration of the examination for each subject in the Internal Auditing Professional (IAP) Program is three hours. Each subject includes one paper, which requires a time frame of three hours for completion. The examination is conducted biannually, specifically in the last week of January and July of each year.
During the examination, candidates are expected to demonstrate a comprehensive understanding of the subject matter covered in the IAP Program. They must apply the principles of internal auditing to practical scenarios and provide sound and justifiable recommendations to enhance the effectiveness of risk management, control, and governance processes within an organization. The examination is an essential component of the IAP Program as it allows candidates to showcase their knowledge, skills, and competencies acquired through the program. Successful completion of the examination enables the candidate to progress to the next stage of the program and ultimately obtain the Internal Auditing Professional (IAP) qualification.