IN THIS ISSUE

4th Quarter 2012

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CRMA Program Updates

Established in 2011 to recognize the competency level in the specialized arena of risk management, the Certification in Risk Management
Assurance™ (CRMA®) program focuses on risk management and governance models, enabling CRMA practitioners from all backgrounds to demonstrate they possess the high-level skill and techniques vital to helping companies achieve their objectives. Currently, more than 5,200 individuals have been awarded their CRMA designation and another 4,000 applicants are in the certification pipeline. 

Reminder! CRMA Professional Experience Recognition (PER) applications from North American members are due by Dec. 31, 2012. Substantiating documentation is due by Jan. 31, 2013. Don’t miss the chance to earn your CRMA designation through PER before the examination is implemented mid-2013. Read more here. 

In addition, The IIA is pleased to announce the awarding of the 5,000th Certification in Risk Management Assurance. The recipient is C. Wayne Rose, (left) member of The IIA’s North American and Global Boards. Wayne is a CIA and a Certified Fraud Examiner. He has more than 30 years of auditing, accounting, and systems experience, of which 25 years have been dedicated to internal audit.   

When asked why he chose to pursue the designation, Wayne said, “Today there is an enlightened focus around risk and governance for audit committees and executive management. The impacts of not addressing risk are so significant that they are looking for the right experience and expertise that will help assure they have the right business processes and controls in place to help mitigate significant risks. Having the CRMA accentuates my credibility to provide that assurance and gives audit committees and management comfort that they can rely on my experience and expertise to provide key recommendations and insights for enhancing their current business processes and controls and thus be better positioned to mitigate significant risks.”  

We asked Wayne what he thought the value is in holding the CRMA. “There is keen interest in executive management and audit committees to address risk now and in the future.” Wayne added, “There was also a benefit in obtaining the certification before the exam is implemented by being able to demonstrate what the certification represents in terms of education and experience. Being a part of the inaugural group and part of the foundation for this emerging designation is gratifying,” Wayne said.