Certification In Risk Management Assurance
The CRMA is one more mark of professional distinction for internal audit practitioners. Earning the CRMA will assist you in demonstrating your ability to:
- Provide assurance on 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 for your organization.
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Eligibility Requirements
CRMA candidates must meet the following eligibility requirements:
CIA Part 1: The candidate must have successfully completed the requirements and passed Part 1 of the CIA exam. This can be done before, during, or after completion of the CRMA exam, but must be completed before the certification is granted. Review the requirements for the CIA exam Part 1.
Character Reference: CRMA candidates must exhibit high moral and professional character and must submit a Character Reference Form signed by a CIA, CCSA, CFSA, CRMA, or the candidate’s supervisor.
Educational Requirements & Work Experience
Education Level Years of Work Experience Required Master’s Degree (or equivalent) 12 months – auditing experience or controls-related business experience such as risk management, quality assurance, or CSA Bachelor’s Degree (or equivalent) 24 months – auditing experience or controls-related business experience such as risk management, quality assurance, or CSA Associate’s Degree, three A-Level Certificates, grade C or higher (or equivalent) 60 months – auditing experience or controls-related business experience such as risk management, quality assurance, or CSA Ethics: CRMA candidates agree to abide by the Code of Ethics established by The IIA. The code of Ethics is available on The IIA’s Website or by contacting IIA Malaysia’s Secretariat.
Continuing Professional Education (CPE): Upon certification, CRMAs are required to maintain their knowledge and skills and stay abreast of improvements and current developments by satisfying CPE requirements.
IIA Membership: Candidates must be individual member of The Institute of Internal Auditors Malaysia and must agree to abide by The IIA’s Code of Ethics, and CRMAs practicing as internal auditors must comply with The IIA’s Standards for the Professional Practice of Internal Auditing.
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Registration & Application
Please note all applications will be processed and submitted directly to the IIA Global via CCMS.
Prior to that, you need to become an Individual member of IIA Malaysia. Upon you membership is approve, you will receive your Global account no to have an access to the IIA Global CCMS to activate your CCMS account.
Exam Application Form
Character Reference Form
Experience Verification Form
Payment Form
CCSA Facilitation Form
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Examination Fees
Type of Fee Amount Registration Fee USD 115 CRMA Examination Fee USD 380 CIA Part 1 USD 280 - Fees paid are not refundable unless an application is rejected.
- Grades will be withheld pending payment of any outstanding fees.
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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:
CIA exam Part 1 topics tested include aspects of the IPPF, responsibilities of the internal audit activity, independence and objectivity, governance concepts, risk identification and management, management controls, and audit planning.
The CRMA exam topics tested include governance aspects and principles of risk management assurance in addition to appropriate assurance and consulting roles for internal audit professionals.
CRMA Exam Domains
The CRMA exam core content covers four domains:
Domain I: Organizational governance related to risk management (25-30%)
Domain II: Principles of risk management processes (25-30%)
Domain III: Assurance role of the Internal Auditor (20-25%)
Domain IV: Consulting role of the Internal Auditor (20-25%)CIA Part 1 – Essentials of Internal Auditing
125 questions I 2.5 hours (150 minutes)
The CIA exam Part 1 is well aligned with The IIA’s International Professional Practices Framework (IPPF) and includes six domains covering the foundation of internal auditing; independence and objectivity; proficiency and due professional care; quality assurance and improvement programs; governance, risk management, and control; and fraud risk. Part one tests candidates’ knowledge, skills, and abilities related to the International Standards for the Professional Practice of Internal Auditing, particularly the Attribute Standards (series 1000, 1100, 1200, and 1300) as well as Performance Standard 2100.
Examination Nondisclosure
The CRMA, similar to many other certifications, is non-disclosed. Candidates must sign a statement asserting that they will not divulge questions and answers after the examination is administered. Unauthorised disclosure of examination questions will be considered a breach of The IIA’s Code of Ethics and could result in disqualification of candidate or other appropriate censure. The IIA has published a model examination, which will be updated regularly, to reveal the current format of the examination. It has been designed to provide candidates with an understanding of the types of questions that typically appear on the CIA examination and offers expanded solution.
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Examination Administration
- A candidate’s registration for an examination part will be valid for 180 days from the date the registration is processed at IIA HQ, and the examination part fee is non-refundable.
- Candidates can sit at PearsonVUE testing centres in almost any country, regardless of country of registration.
- Candidates who do not pass the examination must wait 60 days to retest.
- You are encouraged to schedule your exam as soon as possible.
- The earlier you schedule, the better your chances of reserving a date, time, and location that is convenient for you.
- After you schedule your exam, Pearson VUE will email you an appointment confirmation that includes information about the test center location you selected. If you do not receive an email from Pearson VUE stating that you are scheduled for an exam, contact Pearson VUE customer service immediately, as this may indicate that your appointment was not properly recorded.
- Once your exam appointment is confirmed, you are expected to be present with appropriate government-issued ID on the date of the exam. If you do not appear for your exam at your scheduled location on your scheduled date and time, your registration will be voided, a “No-Show” status will be marked in your record, and you will forfeit your exam registration fee and no refund will be provided. If a “No-Show” status is issued, you will need to complete a new exam registration with payment to schedule another test date.
- You may cancel or reschedule your confirmed exam appointment as needed during your exam window directly in CCMS or by contacting Pearson VUE. You may make changes up to 24 hours prior to your confirmed appointment. However, you will be charged a US $75 change fee (payable directly to Pearson VUE) each time you reschedule. You will receive an email from Pearson VUE confirming your changes. If you do not receive the email, contact Pearson VUE immediately to ensure that your appointment was properly recorded
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Examination Dates
The examination is available throughout the year. Candidates schedule their examination online via the IIA Global Certificate Candidate Management System (CCMS)