HDTC ACADEMY | Certification in Risk Management Assurance CRMA

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Certification in Risk Management Assurance CRMA

The CRMA is the only risk management assurance certification for internal auditors. It was specifically developed to provide the in-depth organizational knowledge and advanced skill sets required for adequate risk management assurance to audit committees and executive management.

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

Assure core business processes in risk management and governance.
Educate management and the audit committee on risk and risk management concepts.
Focus on strategic organizational risks.
Add value to your organization as a trusted advisor.

Domain I: Organizational governance related to risk management (25-30%)

Assess risk management processes in the context of alignment with strategic imperatives
Assess the processes related to the elements of the internal environment in which organizations seek to manage risks and achieve objectives
Assess the processes related to the elements of the external environment in which organizations seek to manage risks and achieve objectives

Domain II: Principles of risk management processes (25-30%)

A. Benchmark risk management processes using authoritative guidance
Evaluate risk management processes related to

Domain III: Assurance role of the Internal Auditor (IA) (20-25%)

Review the management of key risks
Evaluate the reporting of key risks
Provide assurance that risks are adequately evaluated
Provide assurance on risk management processes

Domain IV: Consulting role of the Internal Auditor (IA) (20-25%)

A. Facilitate identification and evaluation of risks
Coach management in responding to risks
Coordinate risk management activities
Consolidate reporting on risks
Maintain and develop the risk management framework
Advocate for the establishment of risk management
Develop risk management strategy for board approval

Earning the CRMA helps address the impact of risk and demonstrates you can:

Assure core business processes in risk management and governance.
Educate management and the audit committee on risk and risk management concepts.
Offer quality assurance and control self-assessment.
Add value for your organization as a trusted advisor.

Those who want to learn more about risk management.
Those who want to learn how to audit risk management.
Those who want to pass the CRMA certification exam.
Internal Auditors
Risk Managers

CRMA candidates must maintain an active Certified Internal Auditor® (CIA®) designation to participate in the CRMA program.
Possess five years of relevant experience
Pass the CRMA examination

Become a Risk Specialist: CRMAs are risk experts who advise organizational leaders on risk
- The CRMA credential verifies a person’s qualifications to provide assurance on core business processes in risk management and governance, educate management and the audit committee on risk and risk management concepts, offer quality assurance and control self-assessment, and manage strategic organizational risks.

Earning the Certification in Risk Management Assurance (CRMA®) demonstrates your expertise in risk management assurance and provides a solid foundation for a rewarding career in this field. Here's a potential career path and various opportunities you can explore as a CRMA® certified professional: