If you're looking to advance your career in government auditing, becoming a Certified Government Auditing Professional (CGAP) is a great way to do so. The CGAP certification is offered by the Institute of Internal Auditors (IIA) and is designed for auditors working in the public sector. This certification is internationally recognized and demonstrates a high level of expertise in government auditing.
Exam Objectives:
The IIA-CGAP exam tests candidates on their knowledge of government auditing, including auditing principles, practices, and procedures specific to the public sector. The exam covers the following four domains:
- Audit Standards
- Internal Control
- Government Auditing Practice
- Public Sector Financial Management
The exam consists of 125 multiple-choice questions and candidates have four hours to complete the exam.
Exam Details:
The cost of the exam varies by country, but typically ranges from $400 to $500. The passing mark is 600 on a scale of 250-750. The exam is delivered through Pearson VUE and can be taken at a testing center or through a remote proctoring system. The format of the exam is multiple-choice.
Candidates who pass the IIA-CGAP exam must meet additional requirements to become certified. This includes fulfilling the educational and work experience requirements set by the IIA. Candidates must have a bachelor's degree or higher and two years of government audit experience, or a high school diploma and five years of government audit experience.
Who should take the exam?
The IIA-CGAP exam is intended for auditors who work in the public sector, including federal, state, and local government agencies, as well as international organizations. It is also appropriate for auditors who work for private companies that contract with government entities.
Related Books:
There are many resources available to help candidates prepare for the IIA-CGAP exam. Here are a few recommended books:
- CGAP Exam Secrets Study Guide: CGAP Test Review for the Certified Government Auditing Professional Exam by CGAP Exam Secrets Test Prep Team
- Wiley CIAexcel Exam Review 2021 + Test Bank + Focus Notes: Part 1, Essentials of Internal Auditing Set by S. Rao Vallabhaneni
- Government Auditing Standards and Single Audits (Government Auditing Standards & Single Audits) by AICPA
In addition to these books, the IIA offers study materials and courses to help candidates prepare for the exam. It's also a good idea to review the IIA's exam content outline to ensure you're familiar with all the topics that will be covered on the exam.
Passing the IIA-CGAP exam requires a strong understanding of government auditing practices and procedures. By studying the recommended materials and reviewing the exam content outline, you can increase your chances of passing the exam and earning your CGAP certification.