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Subject Topic: Income potential: CPA/CIA or CPA/CFE (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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neuma1bm2
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Posted: 03 Mar 2010 at 13:07 | IP Logged  

If you pass the CFE doesn't it count as passing one section of the CIA?

Also, I heard (from many people) that when you use the review software for the CFE, it is basically the same exact questions as the actual test.  Do you guys know anything about this?  Further, can't you just take the CFE at home whenever you feel like it?

I am thinking about doing the CFE after the CPA just for comparison purposes.

 



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Dokimcpa
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Posted: 03 Mar 2010 at 13:57 | IP Logged  

I have not heard of the exemption for any part of the CIA exam.  You can probably confirm that with IIA's website. 

I am still going over the prep problems of the CFE exam.  I don't know if it is the exactly the same problems or not and even if I know, I would decline to comment on that.  Yes, you can take the exam on your computer at home one part at a time, but you must complete all 4 parts within 30 days.  It allows up to the 3 consecutive attempts to pass all four parts. 

CFE exam is much easier than the CPA exam for sure; however, it still requires your commitment and many hours of preparations.  Once you study for the CFE exam, you will understand better on its purpose, responsibilities, and its values that CFE carries on their shoulders.   


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Dokimcpa
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Posted: 03 Mar 2010 at 15:15 | IP Logged  

Mayra wrote:
If you don't mind me asking, what program did you use to study and pass all test for the CPA?


I used Becker review and Gleim Test Prep CD.  Good luck!


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lelik
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Posted: 03 Mar 2010 at 16:36 | IP Logged  

Dokimcpa, certain certifications (CPA including) provide an exemption for Part 4 of the CIA exam (you don't need to take it but still have to pay $160 for it). 

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Nan - Louisiana
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Posted: 04 Mar 2010 at 02:41 | IP Logged  

Dokim / Lelik -

Thanks for the insight.  You description of the IA world makes it sound like there are better advancement opportunities elsewhere for the CPA with some ambition.  There may be many IA positions, but if you've got to be the IA director to earn a good wage, and each firm only has one IA director, I perceive a bit of a bottleneck in the upward mobility.  Is this a misperception?

Since I opened this thread I found a website which gives accountant salary data for Public, Management (including IA), Forensic, and Tax accounting.  http://www.allbusinessschools.com/faqs/accounting-salaries.p hp  The mid-level Management accountant salary range they give is $43 to $67k, and the mid-level Forensic accountant salary range is $65 to $80k.  I can't vouch for the accuracy of their data, but it certainly looks interesting.  Becoming a CFE/CFF to go after financial crooks sounds more intriguing anyway.

I have a job right now, but plan to be sending out resumes within the next few months.  I am currently comptroller at a bankruptcy trustee's office, which I anticipate will be closing within the year because the trustee is retiring.  (Applying to become the successor trustee was not an option - I'm not a lawyer.)  Having passed the CPA exam I am now studying for the CFE so that I can pass that exam and put more on the table than "just" a CPA.  I'd like to get auditing and forensics.

I haven't started floating resumes yet because I am waiting for our auditors to sign my CPA experience letter.  Louisiana allows a firm's independent auditors to sign the experience letter when the employer doesn't have an active CPA on staff.  I anticipate having my CPA license and starting my job hunt by the beginning of summer.

Mayra - I used the Becker self-study course with flashcards and Final Review program, and passed all 4 parts on the first sitting.  I had to pay for the whole thing out of my own pocket (and am doing the same for the CFE).  There's nothing like financing your own education to make you study really, really diligently.



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