Lynnel is our CIA exam blogger from the Philippines. She writes every Friday.
Hi everyone! I am catching up with the reporting of my progress. This is my experience in the second and third week of studying (about two weeks ago).
As I continue to move forward for my review on Part 3, I can say that dedication, discipline and commitment are the keys to the success of being a CIA. And discipline took a big part because:
Discipline is the bridge between goals and accomplishment” – Jim Rohn.
I know it is a challenge to stick with a schedule, but I am proud to say that I managed to be on schedule, because I really want to pursue the certification. In addition, I am one step away from the certification. To those who feel like quitting, think about why you started. I am really inspired by the story of Annette, a fellow blogger, on her journey to certification. If you have time you may check out her blog.
As I have said before I am using Gleim 2016 as my study material. And the topics that I need to study for week 2 and week 3 are:
Management topics really are not my thing, especially when I was in college. I got easily bored with the topics and I just realized how important these topics were only until now. And as I study slowly, I am happy that I am getting used to these kinds of topics. Also, I found unit six to eight really challenging maybe because there are terms that are new to me.
I had a course before which are Strategic Management and Total Quality Management which cover the same thing. The topics which I am familiar with are steps on strategic management process, porter’s five competitive forces, balance scorecard and forecasting.
If I’m not mistaken, I remember on part 2, there were few topics about management like TQM, benchmarking, privacy management and conflict management. This can also be found in Part 3.
I feel like I do not grasp the concepts really well about these topics. But, I do not have to worry because I still have sufficient time and I am still on familiarization part of my study process.
Note from Stephanie
I guess the whole point of Part 3 is to pull internal auditors out of their comfort zones, and almost force us to learn more about accounting and business beyond IA.
These topics are nevertheless very related to IA and what we face on a daily basis. It may not be the skills and tools that we use directly every day, but it’s something you should have a good background if we want to communicate well with business units and other accountants in the company. Think about it — if we don’t know the basics of management accounting, strategic management, business (in the form of economics and global trend) etc, how can we get the respect from our clients or peers in other departments?
So this isn’t really just for passing Part 3. It is incredibly useful for the long-term career in Internal Audit. The hard work is worth it!
Lynnel is a recent graduate, with a BSBA Major in Internal Auditing in the Philippines. Lynnel passed Part 1 and 2 on the same day, and Part 3 on her first attempt.
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