Is CISA gaining more importance than CA ?

[Hemang Doshi]

Dear All,

Whenever anyone ask me this question, I reply to them as follow:

 Consider yourself as HR Manager looking to fill the vacancy of CFO position. You have two candidates , one CA and other one CISA. How will you value both ?

Now consider filling a CISO position. Same two candidates. How will you evaluate both ?

Hope you got your answer. Both certification have their own relevance. So when you ask the question is value of a CISA more than that of a CA, my answer will be 'NO'.

But then if you ask about demand in market, i would like to state that 'YES' recent trend shows that CISA certified candidates are in huge demand. This is primary due to data privacy laws and availability of most of the corporate information in digitized format.

Certified Information Systems Auditor (CISA) is a globally recognized certification in the field of audit, control and security of information systems. CISA gained worldwide acceptance having uniform certification criteria, the certification has a high degree of visibility and recognition in the fields of IT security,IT audit, IT risk management and governance. Vacancies in the areas of IT security management, IT audit or IT risk management often ask for a CISA certification.The exam tends to be associated with a high failure rate.

Even for qualified chartered accountant who are in internal audit team, CISA qualification will be must down the line may be 2 to 3 years. Reason is simple, most of the organisations will be system driven where all the processing and controls will be integrated through computers. There will be minimum manual intervention. Is such scenerio, our traditional audit approach will not work. In system driven scenerio , auditor need to know about system integration/sytem processing /Data security/Encryption techniques/ Network security/System Availibility and Backup processing. As a CISA holder you will have a edge over traditional auditors

If you have right approach, CISA certificaiton is not that difficult to clear. I have narrated my experience with CISA certification in below blog which may help you to clear certification in first attempt itself.

CISA Certification- Approach for Success

You may like to refer CISA question bank:

CISA Question Banks:

http://www.datainfosec.blogspot.in/2016/03/cisa-question-bank-1.html

http://www.datainfosec.blogspot.in/2016/03/cisa-question-bank-2.html

http://www.datainfosec.blogspot.in/2016/03/below-are-some-of-questions-collated.html

http://www.datainfosec.blogspot.in/2016/03/cisa-question-bank-4.html

http://www.datainfosec.blogspot.in/2016/03/cisa-question-bank-5.html

http://www.datainfosec.blogspot.in/2016/03/cisa-question-bank-6.html

[Vinit Jalan]

Dear Sir,

The above information is completely baseless and even if some of the information is right, it should be taken in spirit.

Question (Q) : Why this situation came ?

Ans : Due to us.

Q : Why our services is being deteriorated ?

Ans : Our casual approch.

Q : Why newly Qualified CAs are not in position to be up to mark of industry?

Ans: Ask the CA Firms giving trainign to Articles.

This to time to introspection, please save the profession, otherwise the days are not far when the people will not hire CAs wherever they are not legally bound to do that.

This mail in not written with the intention to heart any one, if at all hearten, I am sorry for that.

Thanks & Regards

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VINIT JALAN
CHARTERED ACCOUNTANTS
7/1A, GRANT LANE, 2ND FLOOR,
KOLKATA - 700 012
PH. NO.+91 33 22258985, 4066 1131
MOBILE +91 9830516369

[Ramachandran Mahadevan]

In the digital age

CISA

International qualification

Has high value

Can a CA after qualification

Equipped to work as

CFO 

I got industrial training in TISCO as part of 

Articles training

Retained as Accountant in a factory

Number two position even before

Passing CA Exam.

After becoming CA

Appointed as Finance Controller

To a group of companies in

Chennai and Bangalore

Repoting to the Board

Without a Finance Director.

ICAI centre of excellence

Should give the practical

Training necessary to

Shoulder responsibilities

In various finance

Functions

And practice areas

Ramachandran MAHADEVAN

Bangalore 

Sent from my iPad

[pradeepta kumar swain]

Dear Hemant,

Can u please forward the CISA question bank to me.

Thanks & Regards,

Pradeepta Kumar Swain

On Sun, May 1, 2016 at 10:39 AM, 'Hemang Doshi' via forum4ca <foru...@googlegroups.com> wrote:

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  Thanks and Regards

       PRADEEPTA

   MOB-09338180082

[Vinit Jalan]

Dear Mr. RamChandran Ji,

You are a very active in day to day activities and many times it is helpful to us.

As regards proper training and other matters are concerned.

There are provisions of everything to compete the world by the Indian CA, there is only problem of attitude.

All thing which are in force is required to be implemented too and definetely the improvement is all time required.

Basic Point is to implement the all system available.

Thanks & Regards 

[Hemanta Debata]

Endorsed the view of Mr Mahadevan.

Regards
Hemanta K Debata

On 3 May 2016 at 14:31, Ramachandran Mahadevan

CA : Hemanta Kumar Debata.
Land line number +91 771 - 2971984
Cell :+91 88274 94684

[R K Nemani]

Dear Mr. Swain

 

As far as I understand, A CISA cannot fulfil the role of a CA, though a CA can always train himself to fulfil the role of CISA as well.

 

Thanks & Regards

 

R.K. Nemani

[CA. Sumantra Guha]

I think CISA is gaining more importance than DISA but not over CA.

Thanks and Regards

CA. Sumantra Guha