CISA is the IT auditors credential. Companies ask for CISA-certified individuals when the job requires knowledge and skills in IT auditing, controls, and often, information security.
Job descriptions often involve finance, accounting, maintaining regulatory compliance, and most often equate to plainly auditing the IT infrastructure. When it comes to regulatory compliance, the CISA holder may audit SOX, HIPAA, GLBA, or NIST Special Publication , and FISMA for US government agencies. So knowledge and experience of those regulations or standards can be extremely useful.
CISM is the information security managers credential. Companies ask for CISM-certified individuals when the job requires management of information security, information risk management, disaster planning, business continuity, and often enterprise architecture.
Job descriptions often involve program or project management, policy and standards development, information assurance, and assuring compliance. CISM holders should have a security background in one or more technical areas, such as network and perimeter security or systems hardening.
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