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IIA-CRMA exam is a comprehensive exam that measures an individual's knowledge and expertise in risk management assurance. IIA-CRMA exam is composed of 100 multiple-choice questions that cover four domains: Risk Management Governance, Risk Assessment, Risk Response, and Risk Monitoring. IIA-CRMA exam can be taken in English, Spanish, or Portuguese, and candidates have four hours to complete it.
Reference: https://www.theiia.org/en/certifications/crma/exam-preparation-resources/exam-syllabus/
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The IIA IIA-CRMA exam covers four domains, including risk management governance, risk management assurance, risk management processes, and strategy and risk management. Candidates must pass the exam with a score of 600 or higher out of 800 to earn the certification. They must also meet the eligibility requirements, which include having a bachelor's degree and two years of experience in risk management assurance or internal auditing.
IIA-CRMA certification is an excellent option for professionals who are looking to enhance their skills and knowledge in the area of risk management assurance. Whether you are an internal auditor, risk manager, or consultant, this certification can help you demonstrate your expertise and advance your career.
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The Certification in Risk Management Assurance (CRMA) offered by the Institute of Internal Auditors (IIA) is a globally recognized certification for professionals who specialize in risk management. The CRMA certification is designed to provide individuals with a comprehensive understanding of risk management and the ability to provide assurance to stakeholders that risks are being effectively managed. Certification in Risk Management Assurance (CRMA) Exam certification is ideal for individuals who are looking to advance their careers in risk management and demonstrate their expertise in the field.
IIA IIA-CRMA Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Internal Audit Roles and Responsibilities | 20% | - Three Lines Model - Independence and objectivity - Code of Ethics and International Standards - Internal audit charter and authority |
| Topic 2: Risk Management Assurance | 55% | - Risk response and mitigation strategies - Risk identification, assessment, and prioritization - Reporting to management and audit committee - Control self-assessment - Assurance over risk management processes - Specialized risk areas: fraud, ESG, IT/cyber, third-party risk |
| Topic 3: Risk Management Governance | 25% | - COSO ERM and ISO 31000 frameworks - Risk culture and risk appetite - Board and audit committee oversight - Organizational governance structure |
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