IIA IIA-CRMA Exam

The IIA-CRMA (Certification in Risk Management Assurance) exam is a globally recognized certification that assesses an individual's knowledge and expertise in the field of risk management assurance. The certification is offered by the Institute of Internal Auditors (IIA), which is the internal audit profession's most widely recognized advocate, educator, and provider of standards, guidance, and certifications.

Exam Objectives:

The IIA-CRMA exam covers four major domains, including:

1. Governance, Risk, and Control: This domain focuses on the principles of governance, risk management, and control frameworks that are used in risk management assurance.
2. Risk Management Assurance: This domain includes the key concepts of risk management assurance, including risk assessment, risk response, risk monitoring, and risk communication.
3. Information Security: This domain focuses on the principles of information security, including confidentiality, integrity, and availability, as well as security governance, risk management, and control.
4. Leadership and Business Acumen: This domain includes the skills and knowledge needed to be an effective leader in risk management assurance, as well as the business acumen needed to understand the organization's objectives and strategies.

Who should take the exam?

The IIA-CRMA exam is designed for individuals who are involved in risk management, risk assurance, internal audit, and compliance. This includes individuals such as risk managers, risk assurance professionals, internal auditors, compliance professionals, and other professionals who are responsible for identifying, assessing, and managing risks within their organizations.

The prerequisites for taking the IIA-CRMA exam include a bachelor's degree or higher and two years of experience in risk management assurance or related fields. Alternatively, candidates with a master's degree or higher may be exempted from the experience requirement.

Related Books:

There are several books that can help individuals prepare for the IIA-CRMA exam, including:

• Risk Management Assurance: The Key to Effective Internal Controls by Matthew Leitch
• Risk Management: A Guide to Good Practice by David L. Olson
• Enterprise Risk Management: From Incentives to Controls by James Lam
• Internal Auditing: Assurance and Consulting Services by Kurt F. Reding, Paul J. Sobel, and Urton L. Anderson
• Information Security Management Handbook, Sixth Edition by Harold F. Tipton and Micki Krause

Exam Details:

The IIA-CRMA exam is a computer-based exam consisting of 100 multiple-choice questions. The exam duration is two hours and thirty minutes, and it is delivered at Pearson VUE test centers worldwide. The passing score for the exam is 600 out of a possible 800 points.

The cost of the exam varies depending on the candidate's location and IIA membership status. Non-IIA members can expect to pay around $450 for the exam, while IIA members receive a discounted rate of around $350.

In conclusion, passing the IIA-CRMA exam requires a thorough understanding of the four domains covered in the exam, as well as a strong foundation in risk management assurance and related fields. With proper preparation and study, individuals can increase their chances of passing the exam and earning the prestigious CRMA certification.