Certification In Risk Management Assurance (Crma)

Full study course for the IIA's CRMA certification. Learn how to audit risk management.

What you'll learn

All you need to know to pass the CRMA exam.

The basics (and intermediate knowledge) of risk management.

What you need to know to perform proper audits of risk management.

Understand the role of an internal audit function in the management of an organization’s risks.

Learn how to apply governance structures and frameworks over the management of risks in an organization.

Know how to assess the governance framework in place.

Know different measures for evaluating risks, how risk and control self-assessments are performed.

Know how the monitoring of risks and the risk management system should be performed.

Know how to use risk management maturity models in your organization.

Requirements

No prerequisite knowledge expected.

Description

We are glad to bring you a course on the Certification in Risk Management Assurance (CRMA), a certification from the Institute of Internal Auditors (IIA). We really think this is the best course in the world on the CRMA, despite having a Udemy price.This course will give you all that you need to cover the study parts of the new CRMA syllabus. It is intended for either: 1. Those who want to learn more about risk management.2. Those who want to learn how to audit risk management.3. Those who want to pass the CRMA certification exam.It includes 40 exclusive practice questions, plus further questions explained during the course.It includes 110 pages of slides on key exam areas.It is taught by Adrian Resag, an experienced Chief Audit Executive and Head of Risk Management who has also been teaching for nearly 2 decades.You will learn:  All you need to know to pass the CRMA exam.The basics (and intermediate knowledge) of risk management.What you need to know to perform proper audits of risk management.The course covers:CRMA Introduction and Exam StrategyIntroduction to the CRMA, what strategies to use for the exam, what types of questions can be asked and what topics are covered in the CRMA.Internal Audit's Role in Risk ManagementUnderstand the role of an internal audit function in the management of an organization’s risks.The Governance of Risk ManagementLearn how to apply governance structures and frameworks over the management of risks in an organization. Know how to assess the governance framework in place.Assurance over Risk Management Learn how to perform risk assessmentsKnow different measures for evaluating risks, how risk and control self-assessments are performed. Know how the monitoring of risks and the risk management system should be performed. Know how to use risk management maturity models in your organization.

Overview

Section 1: Introduction

Lecture 1 Course Materials

Lecture 2 Introduction to Your Teacher

Lecture 3 CRMA Exam Strategy

Lecture 4 Exam Planning

Lecture 5 CRMA Question Types

Lecture 6 Content (not) Covered In this Course

Lecture 7 Main Topics Covered

Section 2: Internal Audit's Role in Risk Management

Lecture 8 Evolution of Risk Management

Lecture 9 Definition of Risk Management

Lecture 10 Risk Management vs ERM

Lecture 11 ERM Top-down Model

Lecture 12 Risk Management Strategy Across An Organization

Lecture 13 ERM Documentation

Lecture 14 Question on Enterprise Risk Management

Lecture 15 COSO ERM

Lecture 16 The COSO Helix

Lecture 17 Risk Criteria

Lecture 18 Volatility, Interdependency and Correlation

Lecture 19 Risk Management Maturity Model

Lecture 20 Levels in the Risk Management Maturity Model

Lecture 21 Advantages of the Risk Management Maturity Model

Lecture 22 Risk Information Ownership in the Risk Management Maturity Model

Lecture 23 Using Risk Management Maturity Models as an Internal Auditor

Lecture 24 Independence and Objectivity Requirements for Internal Audit Independence

Lecture 25 Measures for Internal Audit Independence and Objectivity

Lecture 26 IIA Standards on Impairments to Independence and Objectivity

Lecture 27 Threats to Internal Audit Independence

Lecture 28 Threats to Internal Auditors Objectivity

Lecture 29 Question on Threats to Internal Audit Independence and Objectivity

Lecture 30 Internal Audit's Role in Risk Management

Lecture 31 IIA Standards on Internal Audit's Role in Risk Management

Lecture 32 The COSO ERM Fan

Lecture 33 Core Internal Audit Roles in ERM

Lecture 34 Legitimate Internal Audit Roles in ERM

Lecture 35 Forbidden Internal Audit Roles in ERM

Lecture 36 Question on Internal Audit Roles in ERM

Lecture 37 Relying on Risk Assurance

Lecture 38 IIA Standards on Coordination and Reliance on Risk Assurance

Lecture 39 Can Internal Audit Rely on Risk Management Assurance?

Lecture 40 Advantages of Relying on Risk Management Assurance

Lecture 41 Other Forms of Assurance Over Risk Management

Lecture 42 Risk Responses

Lecture 43 Risk Measurement

Lecture 44 The 3-lines of Defense Model

Lecture 45 Risk Assurance Mapping

Section 3: The Governance of Risk Management

Lecture 46 Definition of Risk Management Governance

Lecture 47 Risk Management Governance Structure

Lecture 48 How Internal Audit Can Help Risk Management Governance

Lecture 49 IIA Standards on Governance

Lecture 50 Responsibilities of Board Members

Lecture 51 IIA Standards on Organizational Independence

Lecture 52 COSO's Enterprise Risk Management (ERM) Cube

Lecture 53 Environments in Which Risk is Managed

Lecture 54 Definition of Risk Appetite

Lecture 55 Example of a Risk Appetite Statement

Lecture 56 Sobel and Reding's Capability Criteria

Lecture 57 Risk Evaluation Measures

Lecture 58 Risk Levels

Lecture 59 Risk Evaluation Measures

Lecture 60 Determining the Risk Universe

Lecture 61 Risk Map for Likelihood and Impact with Risk Levels

Lecture 62 Main Functions of Controls

Lecture 63 Using Lead Indicators and Controls for Emerging Risks

Lecture 64 Inherent and Residual Risk

Lecture 65 The Calculation of Residual Risk

Lecture 66 The Calculation of Audit Risk

Lecture 67 Likelihood and Impact Graph of Inherent and Residual Risks

Lecture 68 Common Risk Management Frameworks

Lecture 69 Question on Risk Management Frameworks

Lecture 70 Roles in the COSO ERM Framework

Lecture 71 ISO 31000 Principles

Lecture 72 COSO ERM vs ISO 31000 Components

Lecture 73 The COSO Internal Control Cube

Lecture 74 COSO's 17 Principles of Internal Control

Lecture 75 Risk Culture

Lecture 76 ABC Model of Risk Culture

Lecture 77 Indicators of Risk Culture

Lecture 78 The Institute of Risk Management's (IRM) Risk Culture Framework

Lecture 79 Assessing Risk Culture

Lecture 80 McKinsey 7S Model

Lecture 81 Definition of Emerging Risks

Lecture 82 Assessing Emerging Risks

Lecture 83 Question on Emerging Risks

Lecture 84 Stakeholder Interest and Engagement

Section 4: Assurance over Risk Management

Lecture 85 Risk Identification Techniques

Lecture 86 Risk Identification Workshops

Lecture 87 Control and Risk Self-Assessments (CRSA)

Lecture 88 Vulnerability Assessments

Lecture 89 Scenario Planning

Lecture 90 Brainstorming Risk Identification Technique

Lecture 91 Risk Questionnaires

Lecture 92 Benchmarking

Lecture 93 Risk Event Map

Lecture 94 Risk Likelihood and Impact Definitions

Lecture 95 Steps to Assessing Risk Management

Lecture 96 Assessing Risk Management - 1 Understand the Context of the Organization

Lecture 97 Assessing Risk Management - 2 Gather Information and Documentation

Lecture 98 Assessing Risk Management - 3 Preliminary Risk Assessment

Lecture 99 Assessing Risk Management - Establish Scope and Objectives

Lecture 100 Definition of Data Analytics for Internal Audit

Lecture 101 Use of Data Analytics for Risk Management

Lecture 102 Types of Data Analytics

Lecture 103 Types of Data Analytics - Descriptive Data Analytics

Lecture 104 Types of Data Analytics - Diagnostic Data Analytics

Lecture 105 Types of Data Analytics - Predictive Data Analytics

Lecture 106 Types of Data Analytics - Prescriptive Data Analytics

Lecture 107 Question on Data Analytics 1

Lecture 108 Question on Data Analytics 2

Lecture 109 Ratio Estimation

Lecture 110 Variance Analysis for Data Analytics

Lecture 111 Proportional Analysis, Trend Analysis and Embedded Audit Modules

Lecture 112 Benford's Law

Lecture 113 Regression Analysis

Lecture 114 Statistical Process Control

Lecture 115 Other Types of Analytical Tests 1

Lecture 116 Other Types of Analytical Tests 2

Lecture 117 Question on Types of Analytical Tests

Lecture 118 Models for Assurance Over Risk Management

Lecture 119 Assurance Over Risk Management - Process Elements Approach

Lecture 120 Assurance Over Risk Management - Key Principles Approach

Lecture 121 Question on Assurance Over Risk Management

Lecture 122 Question on the Key Principles Approach

Lecture 123 Root Cause Analysis Methods

Lecture 124 Root Cause Analysis Methods - Fishbone Diagram

Lecture 125 Root Cause Analysis Methods - The 5 Whys

Lecture 126 Root Cause Analysis Methods - Logic Trees

Lecture 127 Root Cause Analysis Methods - Fault Trees Analysis

Lecture 128 Root Cause Analysis Methods - Failure Modes and Effects Analysis (FMEA)

Lecture 129 Systems Development Life Cycle (SDLC)

Lecture 130 Auditing the Systems Development Life Cycle (SDLC)

Lecture 131 Methods for the Systems Development Life Cycle (SDLC)

Lecture 132 Systems Development Life Cycle (SDLC) - Waterfall Method

Lecture 133 Systems Development Life Cycle (SDLC) - Spiral Method

Lecture 134 Systems Development Life Cycle (SDLC) - Rapid Development

Lecture 135 Systems Development Life Cycle (SDLC) - Agile Method

Lecture 136 Qualities of Persuasive Internal Audit Information

Lecture 137 Standards on Engagement Communication

Lecture 138 Types of Audit Evidence

Lecture 139 Question on Types of Audit Evidence

Lecture 140 IIA Standards on Communicating the Acceptance of Risks

Lecture 141 Process Map for Communicating the Acceptance of Risks

Lecture 142 Quality of Audit Communications

Section 5: CRMA Exam Tips and Tricks and Final Quiz

Lecture 143 CRMA Exam Tips and Tricks

Those who want to learn more about risk management.,Those who want to learn how to audit risk management.,Those who want to pass the CRMA certification exam.,Internal Auditors,Risk Managers