Certification in Risk Management Assurance (CRMA)
Empowering Internal Auditors and Risk Leaders to Deliver Strategic Risk-Based Assurance
Course Schedule
| Venue (InHouse) | Fees |
|---|---|
| At Your Organization Premises | Ask For The Quotation |
Course Introduction
The Certification in Risk Management Assurance (CRMA) is a globally recognized credential for professionals who provide assurance on core business risks, governance, and internal control processes. This intensive training is designed to build participants’ capabilities in evaluating organizational risks and assisting executive management in building robust risk management and governance frameworks.
This program prepares internal auditors, risk professionals, and compliance leaders to support risk-based decision-making and perform assurance engagements aligned with global standards and best practices. It also serves as a preparatory course for those aiming to earn the official CRMA® certification from The IIA.
Course Objectives
By the end of this course, participants will be able to:
- Understand the CRMA role in risk assurance, governance, and strategic advice
- Evaluate risk management processes using international frameworks (COSO, ISO 31000)
- Conduct risk-based internal audits aligned with business objectives
- Advise management on risk responses and control effectiveness
- Demonstrate competence across the CRMA exam domains
Key Benefits of Attending
- Master risk-based assurance methodologies
- Align internal audit plans with enterprise risk strategies
- Strengthen your role as a trusted advisor to management
- Advance your career with CRMA® certification readiness
- Learn how to assess, improve, and communicate risk governance
Intended Audience
This program is designed for:
- Internal auditors (senior level and managers)
- Risk and governance professionals
- Heads of audit and compliance teams
- Professionals preparing for the CRMA® exam
- Executives responsible for enterprise risk oversight
Individual Benefits
Key competencies that will be developed include:
- Advanced risk assessment techniques
- Designing and executing assurance engagements
- Strategic communication and reporting of risk findings
- Decision-support skills in governance and internal controls
- Readiness for the CRMA® certification exam
Organization Benefits
Upon completing the training course, participants will demonstrate:
- Improved risk-based internal auditing and control assurance
- Better alignment of audit objectives with enterprise risks
- Strengthened oversight and risk governance practices
- Greater value delivered by internal audit to executive management
- Enhanced compliance with global risk standards
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
- Strategy Briefings – Risk management principles, audit strategies, and assurance models
- Case Studies – Analysis of high-profile failures and successful risk interventions
- Workshops – Developing risk assurance plans, scoring matrices, and advisory reports
- Peer Exchange – Discussions on risk challenges and audit committee engagement
- Tools – Templates for risk register reviews, audit planning, and assurance mapping
Course Outline
DETAILED 5-DAY COURSE OUTLINE (CUSTOMIZABLE)
Training Hours: 7:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee Breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Risk Management Assurance Fundamentals
- Module 1: Introduction to CRMA and Strategic Risk Management (07:30 – 09:30)
- The purpose and scope of CRMA
- Principles of risk management and risk appetite
- Module 2: Frameworks and Standards for Risk Assurance (09:45 – 11:15)
- COSO ERM, ISO 31000, and The IIA’s 3 Lines Model
- Module 3: Internal Audit’s Role in Risk Governance (11:30 – 01:00)
- Advisory vs. assurance responsibilities
- Module 4: Workshop – Risk Maturity Assessment (02:00 – 03:30)
Day 2: Risk Identification, Assessment, and Prioritization
- Module 1: Tools for Risk Identification and Analysis (07:30 – 09:30)
- Heat maps, risk registers, and root cause analysis
- Module 2: Audit Planning Based on Risk Assessment (09:45 – 11:15)
- Using risk data to design audit engagements
- Module 3: Workshop – Creating an Audit Risk Universe (11:30 – 01:00)
- Linking audit focus to risk profiles
- Module 4: Case Study – Failed Risk Management and Lessons Learned (02:00 – 03:30)
Day 3: Risk-Based Audit Execution and Advisory
- Module 1: Conducting Risk-Based Assurance Engagements (07:30 – 09:30)
- Risk control testing, risk responses, and documentation
- Module 2: Root Cause Analysis and Advisory Support (09:45 – 11:15)
- Providing insights and recommendations
- Module 3: Ethics, Independence, and Objectivity in Risk Audits (11:30 – 01:00)
- Navigating advisory roles while maintaining audit integrity
- Module 4: Workshop – Designing a Risk-Based Audit Program (02:00 – 03:30)
Day 4: Governance, Culture, and Risk Communication
- Module 1: Evaluating Corporate Governance Structures (07:30 – 09:30)
- Board oversight, audit committees, and reporting
- Module 2: Assessing Organizational Culture and Risk Awareness (09:45 – 11:15)
- Risk culture indicators and red flags
- Module 3: Reporting Risk-Based Audit Results (11:30 – 01:00)
- Clear communication to stakeholders
- Module 4: Peer Exchange – Governance Issues in Real Scenarios (02:00 – 03:30)
Day 5: CRMA Exam Preparation & Final Exercise
- Module 1: CRMA Certification Overview and Domain Breakdown (07:30 – 09:30)
- IIA exam content, preparation plan, and registration
- Module 2: Sample Questions and Mock Test (09:45 – 11:15)
- Knowledge check and exam techniques
- Module 3: Final Project – Risk Assurance Planning Presentation (11:30 – 01:00)
- Team exercise and feedback
- Module 4: Certification Ceremony and Wrap-Up (02:00 – 03:30)
Certification
Participants will receive a Certificate of Completion in Risk Management Assurance (CRMA), validating their ability to deliver assurance and advisory services focused on risk, governance, and internal control. This training also prepares professionals to pursue The IIA’s official CRMA® certification.