Global Certification in Risk Management Assurance (CRMA) now available to IIA members via Profession

24 April 2011

 The Institute's Chief Executive, Dr Ian Peters, has been appointed to the Regulatory Policy Committee (RPC). 

 

Dr Peters is one of seven business figures to be appointed to the new board. He was also a member of the new Committee's predecessor, which was originally formed two years as an ad-hoc committee.  The Government has now formalised the Committee by reconstituting it as an advisory non-departmental public body (NDPB) sponsored by the Department for Business, Innovation and Skills.

Michael Gibbons will be Chairman of the Committee following an open competition.  Other members of the Committee will include Alexander Ehmann, Jeremy Mayhew, Professor David Parker, Martin Traynor, Sarah Veale and Ken Warwick. 

Dr Peters, commented: "I am delighted to be serving on the new formalised Regulatory Policy Committee. The RPC has achieved a great deal since its inception and is now in an excellent position to carry on that work, helping to make a clearer, better regulatory framework for the UK."

"Whilst not directly connected, there are parallels between the work of the RPC and the Chartered Institute of Internal Auditors, which  is keen to see that the regulation of businesses in the UK is proportionate to the risks faced by businesses, their customers and other stakeholders."
 

Business and Enterprise Minister Mark Prisk said: "Good evidence behind Government policy making is essential, especially when we're trying to change the culture of Whitehall. The RPC is a vital part of our reducing regulation agenda, and the success of the One in, One out rule, which is why we've decided to put it on a formal institutional basis."

                                                                                                                         ENDS

                                                                                                                                                                                               

 

Global Certification in Risk Management Assurance (CRMA) now available to IIA members via Profession

 

24 Apr 2012

A new professional certification from IIA Global, the CRMA (Certification in Risk Management Assurance) is now available to IIA members for a limited time period through a Professional Experience Recognition (PER) route.  Aimed at experienced internal auditors, the certification provides international recognition for expertise in delivering assurance on risk management, governance and strategy.


The Professional Experience Recognition (PER) route means that IIA members can gain the CRMA accreditation solely on the basis of their prior experience and qualifications. The PER route is only available until an examination becomes available in 2013, so members should move quickly if they are interested in gaining CRMA. 
To achieve the CRMA certification, a total of 155 points are required based on the following:
   

Professional certification (maximum 30 points)
CIA, CCSA or CMIIA: 30 points
PIIA 20 points: 
Academic qualification (maximum 25 points)
A levels or equivalent: 15 points
First degree: 20 points
Masters degree: 25 points
Relevant professional experience (maximum 140 points)
<120 months experience: 100 points
120-300 months experience: 120 points
>300 months: 140 points


Candidates must have relevant professional experience in:
    1. Assessing/assurance of risk management activities 
As well as experience in at least two of the following categories:
    2. Risk management fundamentals 
    3. Elements of risk 
    4. Control theory and application 
    5. Business objectives and organisational performance 
 

In addition to this a 100 word narrative is required in support of each of the three categories identified (ie number 1 and two others).
Members are strongly encouraged to take advantage of the opportunity to be awarded a global certification on the basis of their experience, as it is only available for a limited period.  This is a great way for IIA members to enhance their CVs and get recognition for all their hard work.

Please note: we are presently waiting for the global website to be updated and it may not yet reflect all the information relating to UK and Irish qualifications. However it is still possible to proceed with your application according to the information we have provided


Find out more at  www.iia.org.uk/crma.