Certification in Risk Management Assurance CRMA
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
Course Information:
Udemy | English | 9h 30m | 6.95 GB
Created by: Adrian Resag, QIAL, CMIIA, CIA, CISA, CRMA, CFSA, GRCP, CIMA Adv Dip MA
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