Published today (May 16, 2008) in the Philippine Daily Inquirer an article by Ms. Edel Mary D. Vegamora, CIA, the CIA Country Coordinator-Philippines, the revised version of her earlier article (posted here), this one entitled, “Filipino Auditors on Top of the World”.
There is more reason to rejoice as we have 217 more CIAs in the Philippines, the highest passing figure so far since the CIA examination was conducted in the Philippines. There was a deluge of examinees in November 2007, 496 to be exact, when The Institute of Internal Auditors Inc., International announced in January 8, 2007 that they would shift from paper to computer-based examinations beginning 2008.
FILIPINOS ON TOP OF THE WORLD: GOLD MEDALLIST & GLOBAL AWARDEES
Written for IIA by: Edel Mary D. Vegamora
CIA Country Coordinator-Philippines
In the midst of the present local political controversies, further aggravated by the disturbing developments from the U.S. impending recession, which have brought about a string of panic not only in North America’s but also in Europe’s financial markets, then creating this growing threat to asset values and liquidity (as in the case of a reputable investment bank having to be bailed out of its liquidity crunch leading to its eventual sell-off), and then bringing these to bear in our local financial markets, and while several financial institutions are presently encountering an unexpected steep fall in sales — ah, this tiny bit of news, about ordinary Filipinos establishing their mark in the global arena, is most welcome, something quite different, a breath of fresh air, indeed, must I say, against the murk of panic and depression.
The official results of the November 2007 Certified Internal Auditor (CIA) Exams for Philippines candidates are out, although the news are not yet included in the News and Events section of the IIA Philippines website as of this post. Results are also available for CFSA (Certified Financial Services Auditor) and CCSA (Certification for Control Self-Assessment) examinations.
The Gold Medal Award (Top 1), two of the Certificate of Excellence awards (Top 5), and nine of the Certificate of Honor awards (Top 25) were garnered by Filipinos. This means that aside from the Top 1, 40% of the Top 5 and 36% of the Top 25 were Filipinos!
Click PDF icon to download the results in PDF format.