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Basic information about The IIA-CRMA Certification Exam:
The IIA, The Institute of Internal Auditors, is an international organization established to provide services in the internal audit profession. The services delivered by the functional unit of The IIA include educational conferences, the development of internal standards as well as certifications to provide the corporate world with a continuous stream of Certified Internal Auditors (CIAs). The IIA services participate in fulfilling the demand for Internal Audit Operations to maintain the progress rate of businesses of the modern era.
This certification is a very important internal audit certification designed by The IIA institute to cope with the problems arising in Risk management and quality assurance services. IIA’s CRMA certification is called a Certification in Risk Management Assurance. IIA’s CRMA Certification Core Objectives have been updated with in-depth institute knowledge and advanced expertise to deliver more efficient services in risk management assurance.
The core tasks performed by a CRMA Certified CIA professional are:
- Assuring Secure organization businesses in the field of risk management and governance.
- Educating the management teams and the audit committees about risk and risk management concepts.
- Maintaining quality assurance and controlled self-assessment.
- Adding value to the organization’s services as a trusted advisor.
Who can take The IIA-CRMA Certification Exam?
Are you ready to take The IIA-CRMA Certification Exam? If yes then you must have the following important things before registering yourself as a CRMA exam candidate:
- A practical experience, of at least 5 years, in risk management assurance and the overall concept of internal audit role in the business or organization, is required for taking The IIA-CRMA exam.
- CRMA candidates are required to become Certified Internal Auditors before appearing in this certification exam.
- CRMA exam candidates must be aware of the latest exam syllabus, length, and types of questions that are included in the CRMA exam syllabus.
- The certification exam fee for CRMA ranges from 100$ to 200$.
- CRAM program duration is 2 years. It means the candidates for this certification exam have 2 years from the date of their registration in the program to complete the program requirements.
- The whole CRMA exam program requirements include passing the certification exam and providing evidence of 5 years of professional experience in internal audit and risk management assurance.
The Registration process for The IIA-CRMA Exam:
The candidates for The IIA-CRMA certification exam are required to create an account on the CCMS (Certification Candidate Management System) Page. After creating your account on the CCMS page you will complete your profile and place your order on the website. Then filling up the other credentials and following some other formalities you will be registered for your CRMA certification exam.
Is The IIA-CRMA Certification Exam suitable for me?
Risk Management Assurance has a very important role in the responsibilities confined to the internal audit job roles. Risk Management Assurance boundaries are continuing to expand and change, considering the increase in the demand for Certified Internal Auditors, The IIA has organized a CRMA program to keep pace.
CRMA Certification reflects the skills owned by its holding person in reducing as well as eliminating the emerging risks to the quality assurance system of an organization. Having a CRMA badge linked with your professional profile provides you with the confidence to execute risk management assurance effectively and in a result-oriented mechanism.
After going through the value and job responsibilities of a CRMA Certified professional, if you have got an interest in this domain and you have made up your mind to start your struggle to build your financial career by achieving The IIA-CRMA Certification then you are a suitable candidate for this certification exam. For getting registered in the CRMA program first you have to pass the CIA (Certified Internal Auditor) exam and after getting the above required practical experience in internal audit you can go for taking the IIA-CRMA Certification exam.
The Main domains in The IIA-CRMA Certification Exam are:
While preparing for your IIA-CRMA Certification Exam you will gain both the knowledge and practical skills in the following main objectives included in the course IIA-CRMA Certification Exam:
- Core Roles and Responsibilities in Internal audit (20%)
- Risk Management Assurance (55%)
- Risk Management Governance (25%)
Duties included in the job Description of The IIA-CRMA Certified Professional:
The IIA-CRMA Certified Professionals are specialists in Risk Management Assurance. When you have a clear concept of Risk Management with a special reference to Enterprise-wide Risk Management (ERM) then you will better understand roles and responsibilities associated with CRMA-certified professionals.
People working on Risk Management Assurance are involved in the activities like identification, making assessments, and managing and controlling all kinds of events and solutions important for the company. Common risks include market risks, threats to security, and problems faced by the organizations as a whole. CRMA certification is specifically related to the ERM and when it comes to Enterprise-wide Risk Management (ERM) then the improvements in the overall organization’s governance are concerned.
The important task included in Enterprise-wide Risk Management are listed:
- Demonstrating and Explaining the Objectives of the Organization
- Analyzing the risk appetite of the organization
- Constructing an appropriate internal environment considering a Risk Management Framework.
- Designing and Deploying responses to the possible Risk.
- Sending and receiving information consistently about Risks in the organization at all levels.
- Coordinating and controlling the whole Risk Management Process.
- Analyzing the results which lead to providing Assurance by understanding the effectiveness with which Risks are managed.
The Benefits of Achieving a The IIA-CRMA Credential:
The IIA (The Institute of Internal Auditors) is a global network providing a consistent stream of Certified Internal Auditors to more than 170 countries of the world. Having CRMA Certification Enables CIAs to grab high-profile opportunities in their financial career struggle.
Some important benefits for The IIA-CRMA Certified professional are listed as follows:
- Secure Career: With an increased demand for Services provided by CRMA professionals your financial career will be secured.
- Increase your Payout: Certified Risk Management Assurance Professionals get more high-salary opportunities.
- Certify Your Skills: The IIA-CRMA certification validates your professional skills to design and control the tasks which are directed to eliminate RIsks including threats.
- Become Valuable: your struggle during the preparation for the IIA-CRMA certification exam results in your ability to evaluate the dynamic components of the organization’s governance and analyze the enterprise risk management program. It makes you gain value in your organization to provide advice and assurance around these issues.
- Reduce Crises: After obtaining IIA-CRMA Certification your focus will be on practicing the skills to Cope with the risks. Your activities will result in reducing the crises for your organization.
Is There Any Optimal Way to Prepare for The IIA-CRMA Exam?
You can visit the page having the Resources for CRMA Exam Preparation and study material available on the official IIA website. You should not waste your time preparing irrelevant and outdated material for The IIA-CRMA Exam.
You will be considered safe from failure if you access all the resources of the most updated and purely syllabus-based material. The discussion about the optimal study plan begins after getting a reliable source of the study material for The IIA-CRMA Exam. You should follow the following steps to get your study plan close to an optimal study strategy:
- Prepare topics and practice CRMA exam questions
- Plan for utilizing your study time effectively
- Try to hit the syllabus targets for the IIA-CRMA exam
- Try to track your progress in your preparation.
- Ask for help from other IIA-CRMA exam candidates.
- Get an exact idea of where you stand in your preparation
- Make improvements in yourself.
A Brief Study Guide Line for The IIA-CRMA Certification:
You must have a proper idea about how and from where to start your preparation for the IIA-CRMA exam to get the desired results in your certification exam.
Prepare at least one topic daily with full consideration. Search for practice questions for the IIA-CRMA exam. Practicing CRMA exam questions will give you more confidence in your studies. Create evaluation reports on your preparation to hit your goals.
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