Candidates May Submit Proof of Credentials in Lieu of Taking Exam
The Institute of Internal Auditors (IIA) has released details of the Professional Experience Recognition process for the newly developed Certification in Risk Management Assurance (CRMA).
Candidates for the CRMA may submit proof of experience, related certifications, and education in order to receive the professional designation now in lieu of taking the certification exam that will begin being offered in June 2013.
The CRMA allows audit practitioners to demonstrate their ability to provide advice and assurance to audit committees and executive management on whether key risk management and governance processes in their organizations are in place and effective.
The CRMA is one more mark of professional distinction for internal audit practitioners. Earning the CRMA will assist in demonstrating the 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, and add value for your organization.
“We recognize there are many internal auditors and risk management professionals who already have the requisite knowledge and experience worthy of the CRMA recognition,” said IIA Vice President of Certifications Cyndi Plamondon.
“This opportunity allows them to lead the way in exhibiting their valuable expertise.”
The Professional Experience Recognition process provides candidates an opportunity to accumulate points based on their education, active audit related certifications, and professional experience within the five domains of the CRMA namely, assessing / assurance of risk management activities; risk management fundamentals; elements of risk management; control theory and application; and business objectives and organizational performance.
Candidates that accumulate more than 150 points on their application will be granted the CRMA designation without having to sit for the CRMA exam.
The fee for participating in the Professional Experience Recognition process ranges from US $250 to US $650, depending on factors such as IIA membership and current active certifications.
A US $100 non-refundable fee is required when submitting the application, which is applied toward the total cost of the certification if the application is approved. Candidates in North America and the 65 countries serviced directly by The IIA’s global Certifications Center can apply and submit their documentation through The IIA’s online certification system.
For candidates located in one of the following 30 countries, the Professional Experience Recognition process will be handled directly through the applicant’s local Institute beginning in early 2012: Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, China, Taiwan, Czech Republic, France, Germany, Greece, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, Morocco, The Netherlands, New Zealand, Norway, Philippines, Singapore, South Africa, Spain, Sweden, Switzerland, Thailand, and Turkey.
Once the application is reviewed and approved, a decision on whether the CRMA is granted based on professional experience will be made within 30 days.