Course Overview

 

Thank you for using the McKeever CRMA Study System as a tool to help you pass The IIA CRMA Exam.

Passing the exam portion of the CRMA exam involves 2 parts – 1) passing Part 1 of the CIA Exam and 2) passing the CRMA Exam.

 

The actual CRMA Exam questions are confidential.  As a result, the material and practice questions presented are representative of the body of knowledge tested by the CRMA Exam.  They are not actual questions from current or past CRMA Exams.  The material has been developed and compiled to the best of the author’s knowledge and from applying CRMA principles as a Risk Management Practitioner.

 

The McKeever CRMA Study System will help you prepare for the CRMA Exam as follows:

 

1) describes the many areas covered by the CRMA Exam

 

2) presents over 300 practice questions similar to what you will see on the CRMA Exam

 

3) makes you comfortable with complexities and approaches required to choose the BEST answer

 

4) provides you with guidance for correct answers and feedback about incorrect answers

 

5) helps you identify areas on the CRMA Exam that will require your additional study time

The IIA web site lists a variety of study material and references to use in passing Part 1 of the CIA Exam.  The IIA web site also contains a listing of reference to use for CRMA Exam.

The McKeever CRMA Study System covers the CRMA Exam in-depth.

The wording of multiple-choice questions can often be a greater challenge than the actual material being tested.  Therefore, throughout this workbook there will be opportunities to understand both the technical material that may appear on the CRMA Exam as well as how to clarify the wording used in questions.

This material contains extensive discussion of the technical topics that may appear on the CRMA Exam.  In addition, there are sample questions related to the topics.  These modules contain the correct answer to each question along with an explanation, which examines the wording of the question.  There are a substantial number of advanced questions.  These questions are more typical of what will appear on the CRMA Exam.  These advanced questions are presented in two parts.  The first part provides the questions only.  The second part is more comprehensive with the questions and their answers highlighted, along with an explanation of the correct answer.  Periodically throughout the workbook, there will be extractions from these advanced questions to examine their wording content, keyword traps, and the technical content of the questions. 

Although the discussions in each domain contain substantial material, it is advised that the participants review the advanced questions.  Reviewing practice questions and becoming familiar with the wording of multiple-choice questions can be a great aid in the preparation for a multiple-choice format test.

There are also additional references available at www.pleier.com including the McKeever CCSA Study system, Achieving Audit Excellence, Risk Management Risk Assessment, Exceeding Expectations for Internal Auditors, and Transition: Internal Audit to Internal Assurance.

 

Although review courses by themselves including the McKeever CRMA Study System are generally not sufficient to ensure exam success this study system will certainly provide you with an approach to significantly improve your chances of passing.  The IIA web site offers a variety of additional references for further study that is also listed the Reference Module of this workbook.

 

Please feel free to contact me at johncbc@att.net. 

 

Wishing You the Best of Success on the CCSA Exam,

 

John J. McKeever

CRMA, CCSA, CQA, CFE, CPC, CBC

McKeever CRMA Study System                                                               

 

Author

 

John J. McKeever

CRMA, CCSA, CQA, CFE, CPC, CBC

John McKeever, President & COO of Contemporary Business Concepts, LLC., is probably best known as the author of the McKeever CCSA Study System and McKeever CCSA Practice Test used by 100s to pass the IIA CCSA Exam.

John frequently speaks at public seminars; professional associations; state and federal agencies; and corporations. His work includes developing and delivering risk and control management programs specifically focused for the needs of Senior Executives, Boards of Directors, and Audit Committees.  .

John has served as Operations Manager, Consultant, Instructor, and member of ATT&T audit staff. During 15 years in the audit department at AT&T, he conducted and led a wide range of audits and consulting projects. These included audits and projects of finance, operations, and information technology.

While in private practice; at the AT&T School of Business; and at The Institute of Internal Auditors John has developed and delivered a number of programs which include, Consulting: A Value Added Service The Tools and Techniques That Make It Work, COSO The Steps To Success, Help Your Client Succeed with Control Self-Assessment, and The McKeever CCSA Study System. For his achievements as a seminar leader, The Institute of Internal Auditors has awarded John the designation of Distinguished Adjunct Faculty Member.

In addition John has authored numerous research papers that have addressed the concepts of process improvement in business, employee empowerment, and the management of effective teams. Using these tools, he has guided and encouraged thousands of domestic and international professionals to move toward process and business improvements.

John has degrees in Business Administration and Management from Northeastern University, a Master of Science Degree in Management from Stevens Institute of Technology, and a graduate level Certificate in Total Quality Management from the University of Phoenix. He is a Certified Quality Auditor, a Certified Fraud Examiner, a Certified Business Manager, a Certified Professional Consultant, and holds a Certification in Risk Management Assurance. In addition, John holds both a Control Self-Assessment Qualification and a Certification in Control Self-Assessment.

He is a member of the American Society for Quality, The Institute of Internal Auditors, The Association of Business Professionals in Business Management, and the Association of Certified Fraud Examiners.


 

Index

 

Course Overview

 

 

Domain I: Organizational governance related to risk management

 

 

Domain II: Principles of risk management processes

 

 

Domain III: Assurance role of the Internal Auditor (IA)

 

 

Domain IV: Consulting role of the Internal Auditor (IA)

 

 

Suggested Additional References

 

 

Appendices

 

 

Application Questions

 

 

Application Questions, Answers & Explanations

 


Overview

 

CRMA® and the McKeever CRMA Study System

 

Certificate in Risk Management Assurance (CRMA)

 

The Certificate in Risk Management Assurance® (CCSA®) is a specialty certification program offered by The Institute of Internal Auditors (The IIA). It is designed for internal auditors who develop specialized risk management assurance skills.  Gaining the required knowledge of areas such as risk and control exposes internal auditors to the concepts that are vital in more effectively using risk management principles to help clients achieve their objectives. 

 

Internal auditors at any experience level, in almost all positions, will benefit from this certification program.

 

Visit the IIA’s web site www.theiia.org.   There you will find a number of valuable resources listed to help you pass both Part 1 of the CIA Exam and the CRMA Exam.

 

Be certain to review The IIA’s web site resources in detail as the information listed there tells what you need to know about the requirements for becoming a CRMA including professional experience and CRMA Exam overview.

 

The McKeever CRMA Study System builds on the information available at The IIA web site.  It does not replace the need to review the information on that web site. 

 

The McKeever CRMA Study System provides a studying methodology and techniques to help you successfully pass the CRMA Exam.  In addition, you should find that the McKeever CRMA Study System is an excellent, practical, application reference source for applying risk management principles in practice.

 

 

 

 

 

 

McKeever CRMA Study System

 

The McKeever CRMA Study System provides the following to help you successfully pass the CRMA Exam:

 

1) outlines how to study for the CRMA Exam

 

2) explains, in detail, the information you need about the contents of each domain on the CRMA Exam and demonstrates techniques to address multiple-choice question

 

3) provides over 300 sample questions, with answers and explanations, similar to the ones you will see on the CRMA Exam - not the actual questions that may appear on the CRMA Exam since the actual exam questions are confidential

 

4) provides an extremely valuable resource for both self-study mode and group training

 

5) helps you identify areas where you need additional study prior to the exam

 

6) provides a guide for resources to use in preparing to pass the exam

 

 

How to Study for the CRMA Exam

 

There is no standard way to study for the CRMA Exam as each person has an individual study style.  However, the McKeever CRMA Study System does provide proven test-taking techniques. 

 

The McKeever CRMA Study System:

 

Study the modules covering CRM Domains in any sequence

 

Limit study to a comfortable time in both group study and self-study 

 

Do not try to cover everything in one session

 

For group study we recommend no less than 16 hours of team study.  This time should include reviews of both the content in the modules and review of the Sample Questions with Answers and Explanations.

 

While studying the material you will see a STOP sign with a sample question. Try to determine the “best answer”.  Then look at the answer and explanation in the Application Questions, Answers & Explanation module.