Click on any words that are underlined like the wording Domain I: Organizations and Organizational Culture to go to that particular information.

In each module you will find a description of the domain covered in that module.  You will also find sample questions with answers and explanations. 

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In addition to studying the over 80 sample questions with answers and explanations within the modules we recommend that you study all of the over 200 questions found in the Application Questions module after you complete your study of all other modules. 

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The Certificate in Risk Management Assurance® (CRMA®) is a specialty certification program offered by The Institute of Internal Auditors (The IIA).  It is designed for all Risk Management Professionals – not only internal auditors.  Gaining the required knowledge of areas such as risk and control models - often considered the realm of auditors only - exposes Risk Management Professionals from all backgrounds to the concepts that are vital in effectively managing risk and helping clients achieve their objectives. 

The CRMA credential was created by the IIA to highlight the both excellent opportunities and the serious challenges for internal audit to assist organizational government to adequately organizational risk to within risk tolerances.

At the end of this module, the participant will:

•    understand about the IIA CRMA Exam

•    understand about McKeever CRMA Study System

•    learn how to Study for the CRMA Exam

•    be more comfortable addressing the CRMA Exam questions

The objective of this module is to better prepare the participant to pass the Certification in Risk Management Assurance Exam by discussing and analyzing the technical dimensions of this domain while discussing techniques to best manage multiple-choice questions. 

At the end of this module, the participant will better understand about CRMA and:

•    Assessing risk management processes in the context of alignment with strategic imperatives

•    Assessing the processes related to the elements of the internal environment in which organizations seek to manage risks and achieve objectives

•    Assessing the processes related to the elements of the external environment in which organizations seek to manage risks and achieve objectives

Domain II: Principles of risk management processes (over 90 pages of useful information including 37 sample questions with answers)

The objective of this module is to better prepare the participant to pass the Certification in Risk Management Assurance Exam by discussing and analyzing the technical dimensions of this domain while discussing techniques to best manage multiple-choice questions. 

At the end of this module, the participant will understand about risk management and:

•    Benchmarking risk management processes using authoritative guidance

•    Setting objectives at all levels to achieve strategic initiatives

•    Identifying risks

•    Performing risk analysis and evaluation including correlation, inter-dependencies, and prioritization

•    Evaluating risk response (e.g., avoid, transfer, mitigate, accept), including cost/benefit analysis

•    Developing and implementing risk mitigation plans

•    Monitoring risk mitigation plans and emerging risks

•    Reporting risk management processes and risks, including risk mitigation plans and emerging risks

•    Periodically reviewing risk management processes to aid in continuous improvement

Domain III: Assurance role of the Internal Auditor (IA) (over 40 pages of useful information including 17 sample questions with answers)

The objective of this module is to better prepare the participant to pass the Certification in Risk Management Assurance Exam by discussing and analyzing the technical dimensions of this domain while discussing techniques to best manage multiple-choice questions.  

At the end of this module, the participant will understand about CSA and:

•    Reviewing the management of key risks

•    Evaluating the reporting of key risks

•    Providing assurance that risks are adequately evaluated

•    Providing assurance on risk management processes

Domain IV: Consulting role of the Internal Auditor (IA) (over 40 pages of useful information including 14 sample questions with answers)

The objective of this module is to better prepare the participant to pass the Certification in Risk Management Assurance Exam by discussing and analyzing the technical dimensions of this domain while discussing techniques to best manage multiple-choice questions.   

At the end of this module, the participant will understand about risk management and:

•    Facilitating identification and evaluation of risks

•    Coaching management in responding to risks

•    Coordinating risk management activities

•    Consolidating reporting on risks

•    Maintaining and developing the risk management framework

•    Advocating for the establishment of risk management

•    Developing risk management strategy for board approval

• Lists 19 additional references listed in The IIA web site www.theiia.org that you might consider if you need a more in-depth study of any topics discussed in any domain

Appendices

• Some Probing Questions to Help Understand Client’s Problems
  
  
• Diagnostic Questions to Help Understand Client’s Problems
  
  
• Some Comments about Sampling Useful in Risk Management
  
  
• Financial Ratios Useful in Risk Management
  
  
• Financial Institution Regulations Related to Risk Management

• Over 225 application questions (numerous others in each module)

• Answers to the over 225 application questions with explanations how to determine the "best answer" if you see this type question on the CRMA Examination.

• 275 questions different from the McKeever CRMA Study System itself
  
  
• display of 100 questions similar to actual CRMA Exam questions 
  
  
• Software to grade your progress with reports of the percentage correct 
  

• display of a different test each time containing 60% questions different than the last test 
  
  
• detailed feedback for every question (in Acrobat PDF format also) 
  

• suggestion for whether to take the actual CRMA Exam now or delay it 
  

• David McNamee - Achieving Audit Excellence - a number of PowerPoints and Word documents about auditor consulting, marketing, an facilitation

• David McNamee - Risk Management and Risk Assessment - a number of PowerPoints and Word documents about risk management

• John Tongren - Exceeding Expectations for Internal Auditor - 1 hour and 20 minutes PowerPoint presentation with synchronized soundtrack

• John Tongren - Operational Auditing: Adding Value to Organization - 3 hour PowerPoint presentation with synchronized soundtrack
  

• John Tongren - Transition: Internal Audit to Internal Assurance - 2 hours of PowerPoint presentation with synchronized soundtrack

• John McKeever's notes used for on-site training

• John McKeever's - Risk Assessment: Steps that make it Work! presentation

• John McKeever's - Risk Assessment: Steps that make it Work! notes

Use as you would a book - one user at a time.

With licensing you may print one copy of the workbook from the Acrobat PDF file copy that is included.

Contact jpleier@pleier.com for site / group licensing information.

When a user has completed using the McKeever CRMA Study System that user may transfer all material to another user as part of this licensing without addition fee.