The Institute of Internal Auditors Bermuda Chapter
Scholarship Application[1]
https://chapters.theiia.org/bermuda/Pages/Scholarships.aspx
The Institute of Internal Auditors (“IIA”) Bermuda Chapter was formed to reinforce the island’s focus on good corporate governance and responsibility while providing professionals with the tools to deliver value added services to the local and international business community.
This scholarship award is intended for undergraduate collegiate Bermudian students, university degree holders or eligible working adults interested in obtaining the Certified Internal Auditor and other Internal Audit related designations and working as an Internal Audit professional for the betterment of the profession, Bermuda, and Bermudians.
Applicants must meet or demonstrate the ability to meet the following eligibility requirements:
· Two years post-secondary education and five years verified experience in internal audit or its equivalent, OR seven years verified experience in internal audit or its equivalent.
· CIA candidates with a 4 year post-secondary degree must obtain a minimum of 24 months of internal auditing experience or its equivalent. A Master’s degree can substitute for 12 of the required 24 months.
· Exhibit high moral and professional character and must submit a Character Reference Form signed by a CIA, CGAP, CCSA, CFSA, CRMA, or candidate's supervisor when applying for the exam.
· Display exemplary professional behavior and judgment and must agree to abide by the IIA’s Code of Ethics
The scholarship is limited to Bermudians and long term residents of Bermuda and is tenable for payment of fees and/or obtaining preparatory materials associated with the Certified Internal Auditor and other IIA related examinations (CRMA, CGAP, CFSA, CCSA), up to $2,000 or such other amount as the Scholarship Committee determines is reasonable, justified and necessary. To be considered for this scholarship, all documentation (i.e. proof of education, character reference, and identification) must be submitted and approved by The IIA’s Certification staff. The IIA Bermuda Chapter will pay 50% of the examination fees (and related preparatory materials) directly as candidates are registered and eligible to sit the examination(s) and the remaining 50% upon completion of a course examination with a passing grade.
Scholarships are awarded on the basis of the degree to which the Scholarship Committee and the Board believes that the eligibility criteria are met. If a scholarship holder decides to discontinue their participation in the program, there will be no further scholarship disbursements required. The completed application form, along with supporting documentation, must be submitted via email to in sufficient time for consideration, generally at least one month before disbursements are required.
The Scholarship winner must submit invoices to support the proper use of the scholarship funds. Improper use of funds could disqualify the person from writing the examination and result in a request to repay the funds. The Scholarship winner will be eligible only once for the scholarship but may write the CIA (or other IIA related) examination as many times as they are eligible and willing.
The Board anticipates awarding up to two scholarships per year and reserves the right to, at its discretion, increase the number of scholarships awarded to more than two per year.
INSTRUCTIONS:
The application will be used to evaluate applicants interested in becoming Certified Internal Auditors and/or obtaining other Internal Audit related designations.
For priority consideration, please submit one completed application form with sufficient time for consideration. All Applicants are strongly encouraged to submit all necessary documents (including proof of having satisfied or being able to satisfy CIA or other examination requirements) as soon as is possible.
Incomplete applications will not be considered, and applications will not be returned.
PERSONAL PROFILE
Name: __________
Permanent Address:
___________________________________________________________________
Street / Parish / Post Code
Phone: (____) ______________ Email: ______________________
Birth Date: __________________ Marital Status: _______________
Bermudian Status:
_____Bermudian
_____Spouse of a Bermudian
_____Long Term Resident
COLLEGE PROFILE
College Name: __________________________________________
City/State: ______________________________
College GPA: __________
Number of hours earned: ____________
Please list awards, honors, offices held and scholarships received at the college level. Also list organizations in which you are involved. List the time period of involvement and any elected positions held.
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
COMPANY PROFILE
Company Name: __________________________________________
Current Position: ______________________________
Number of years in the Company: ____________
Does your Company provide reimbursement to CIA passers? (Y/N)_______________________
· Have you taken the CIA Examination before? _____ Yes _____ No
· If Yes, please indicate parts taken below:
o Part I________ how many times? _______ pass/fail? _________
o Part II_______ how many times? _______ pass/fail? _________
o Part III_______ how many times? _______ pass/fail? _________
· How do you intend to study for the exam? _________________________________
APPLICANT/ MANAGER CERTIFICATION
My signature and my Manager’s signature below certify that the information provided in this application is accurate and complete to the best of my knowledge. I authorize IIA Bermuda Chapter to release any information contained in this application to Scholarship Committee and IIA Board Members.
Signature: __________________________________________________
Date: ___________________________
Signature of Manager/ Supervisor: ______________________________
Date: ___________________________
Submit completed application to:
[1] Version dated June 18, 2014