|Awarding Body:||Certification in Risk Management Assurance (CRMA)|
"TRAIN WITH BHBi`s HIGHLY EXPERIENCED TUITION TEAM - WITH AN INDUSTRY LEADING TRACK RECORD IN ACHIEVING EXAMINATION SUCCESS"
Earning a professional credential from The IIA is the best way to demonstrate your commitment to advancing in this competitive niche and communicating your breadth of knowledge.
If your goal is to become a trusted advisor to the audit committee and executive management in the critical areas of risk assurance, governance processes, quality assurance, or control self-assessment, the CRMA designation is for you.
This IIA course has training provided by BHBi at our BHBi training location.
This is a single module course. (All the information is on this course page).
|Certification in Risk Management Assurance (CRMA)|
Job analysis and stakeholder surveys have indicated a key element to unlocking internal audit’s full potential can be found in a professional’s ability to provide advice and assurance on risk management to audit committees and executive management. In response, The IIA developed the CRMA designation.
The standard CRMA Core Exam will be a 100-question, multiple-choice exam, with a seat time of two hours. These exams will be instantly scored like all of the other IIA exams, and will be administered at Pearson VUE testing centers around the world. All Certification in Risk Management Assurance® (CRMA®) eligibility requirements will apply.
The CRMA is designed for internal auditors and risk management professionals with responsibility for and experience in providing risk assurance, governance processes, quality assurance, or control self-assessment (CSA). It demonstrates an individual’s ability to evaluate the dynamic components that comprise an organization’s governance and enterprise risk management program and provide advice and assurance around these issues.
The CRMA is one more mark of professional distinction for internal audit practitioners. Earning the CRMA will assist you in demonstrating your ability to:
By applying to become a candidate in the CRMA program, an individual agrees to accept the conditions of the program. These include eligibility requirements, exam confidentiality,Code of Ethics, and Continuing Professional Education (CPE), and any other conditions enacted by The IIA's Professional Certification Board (PCB).
More information on eligibility can be found here:
The CRMA exam includes two sections: Part 1 of the CIA exam and a separate CRMA exam, which consists of 100 multiple-choice questions covering four domains. The CRMA exam requires a completion time of two hours.
Candidates who have already passed Part 1 of the CIA exam may advance directly to the CRMA core exam, having fulfilled that eligibility requirement.
All content covered in the four domains of the CRMA exam will be tested at the proficiency level (P). This means that candidates must exhibit proficiency (thorough understanding and the ability to apply concepts) in these topic areas.
Standards tested on the CRMA exam:
The CRMA exam core content covers four domains:
A. Assess risk management processes in the context of alignment with strategic imperatives
B. Assess the processes related to the elements of the internal environment in which organizations seek to manage risks and achieve objectives
C. Assess the processes related to the elements of the external environment in which organizations seek to manage risks and achieve objectives
Principles of risk management processes (25-30%) A. Benchmark risk management processes using authoritative guidance B. Evaluate risk management processes related to:
Assurance role of the Internal Auditor (IA) (20-25%)
A. Review the management of key risks
B. Evaluate the reporting of key risks
C. Provide assurance that risks are adequately evaluated
D. Provide assurance on risk management processes
A. Facilitate identification and evaluation of risks
B. Coach management in responding to risks
C. Coordinate risk management activities
D. Consolidate reporting on risks
E. Maintain and develop the risk management framework
F. Advocate for the establishment of risk management
G. Develop risk management strategy for board approval
Hi. I'm Mark Barnes one of the directors at BHBi.
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