IIA plans changes to certifications and exams for internal auditors next year
The Institute of Internal Auditors intends to overhaul its Certification in Risk Management Assurance and Internal Audit Practitioner programs next year to meet evolving demands and stay ahead of various risks.
The IIA will be relaunching its CRMA exam next October to reflect the kind of in-depth organizational knowledge and advanced skills needed for risk management assurance.
The CRMA will include a new exam, along with updated prerequisites and experience requirements. The certification will be positioned as a career pathway for internal auditors who have achieved the full Certified Internal Auditor (CIA) designation. Prior to the effective date, the current CRMA requirements will stay in effect.
The changes in the Internal Audit Practitioner program are scheduled to take effect March 1, 2020. They include implementation of a new exam and waiving of the educational requirement for active Internal Audit Practitioner designation holders applying for the Certified Internal Auditor program. In addition, the IIA is reducing the Internal Audit Practitioner application and registration fees. There’s no experience requirement for the Internal Audit Practitioner program.
“As the internal audit and risk landscape continues to expand and change, the IIA recognizes the need for the CRMA and Internal Audit Practitioner programs to keep pace,” said IIA President and CEO Richard F. Chambers in a statement. “These new exams reflect the latest knowledge of essential internal audit responsibilities and more accurately reflect the advanced level of internal audit and risk management assurance knowledge required in today’s business world."