Why? | What? | When? | CRMA Revision Handbook | CRMA Beta Test | CRMA Study Material
CRMA: Why and What Is Changing
Why?
Risk management assurance is an essential internal audit responsibility. As the risk landscape has continued to expand and change, The IIA recognized the need for the Certification in Risk Management Assurance® (CRMA®) program to keep pace. This required a thorough evaluation of the exam requirements and content to ensure they reflect the skills needed to audit today’s emerging risks, as well as consider the organizational view required to effectively execute risk management assurance. The IIA conducted two studies — a market study and a job analysis study. The market study revealed perceived ambiguity between the CRMA and the Certified Internal Auditor® (CIA®). Additionally, it confirmed that more business experience and a deeper level of risk management knowledge are required in order to provide holistic and effective risk management assurance. As such, the new CRMA is positioned as a career pathway for internal auditors after achieving the CIA designation. It is the only risk management assurance certification for internal auditors.
What?
The amount of risk management and internal audit-specific experience required to sit for the exam has increased, and candidates must hold an active Certified Internal Auditor (CIA) designation to apply for the enhanced program. Additionally, the CRMA exam itself has been revised, with updates that include changes to the exam syllabus, length, and types of questions asked.
*Work experience is an “exit” requirement for the CRMA program. Candidates with less experience may apply for the CRMA program and sit for the exam. However, to obtain the designation, the experience requirement must be met before the two-year program window expires.
Select and View Exam Syllabus: 2011 CRMA Exam Syllabus | 2021 CRMA Exam Syllabus
Question Types: View an interactive demonstration of potential question types included in the new CRMA exam.
CRMA Study Material
The new CRMA Exam Study Guide and Practice Questions, 2nd Edition, is the comprehensive review material you need to prepare for the Certification in Risk Management Assurance (CRMA) exam, and is now available through the IIA Bookstore. Members save 20%. Shop now.
CRMA Program Pricing
| Beta Testing (Member and Nonmember Pricing) |
US $0 |
US $90* |
|---|
| Member |
US $95 |
US $445 |
|---|
| Nonmember |
US $210 |
US $580 |
|---|
*The reduced exam registration fee is only available to the first 200 candidates who complete an exam registration. Candidates who register after the threshold of 200 will remit the standard exam registration rate based on membership.
When?
| 1 April, 2021 |
Updated CRMA program application available |
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| 1 April - 30 June, 2021 |
CRMA Beta Testing |
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| 1 October, 2021 |
Official launch of the new CRMA exam |
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Available for download in the
following languages:
English and Thai
Aspiring candidates, as well as current certification holders and in-progress candidates, can learn more about how these changes will impact them by referencing the “CRMA Program: Why and How It’s Changing” handbook. Specifically, the handbook includes:
- Revised CRMA: A Core Certification for Internal Auditing
- Why and How Is the CRMA Program Changing?
- CRMA Exam Syllabus Changes
- Purpose of the Exam, CRMA Revised Exam Syllabus, CRMA Reference List, Passing Score
- New Types of Exam Questions
- Multiple Choice, Multiple Response, Fill in the Blank, Categorizing, Matching, Ordering, Hotspot, Scenario Item Set
- Transition From Current to Revised CRMA Exam
- CRMA Beta Test, Timeline for Transitioning the CRMA Exam, How Will the CRMA Transition Affect You?, Frequently Asked Questions
CIA Challenge Exam for CRMA Holders
Individuals who hold an active CRMA designation are invited to participate in the CIA Specialty Challenge Exam that will be offered until 30 June 2021. Visit the CIA Specialty Challenge Exam — CRMA for more information.