Certified Insolvency and Restructuring Accountant - Explained
What is a Certified Insolvency and Restructuring Accountant?
Written by J. Mance Gordon
Updated at April 22nd, 2024
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What is a Certified Insolvency and Restructuring Accountant (CIRA)?
The Certified Insolvency And Restructuring Accountant (CIRA) designation is for forensic accountants who wish to be certified as professionals can apply to earn.
CIRA is a professional certification issued be The Association of Insolvency and Restructuring Advisors (AIRA) to individuals who have shown competence in the field of forensic accounting, pass the certification examination, and meet prescribed work experience standards.
There are three parts of the exam:
- Financial reporting and taxes
- Management of bankruptcies and turnarounds
- Plan development and accounting.
Below are the requirements for the CIRA certification:
- Five years of experience in finance or accounting (Applicants can complete it after starting the program).
- Candidates must have 4,00 hours of specialized experience with the period 8 years.
- Professional references from three referees who vouch for the experience, character and expertise of the candidate.