IIA IIA-CRMA-ADV Certification in Risk Management Assurance Online Training
IIA IIA-CRMA-ADV Online Training
The questions for IIA-CRMA-ADV were last updated at Nov 26,2024.
- Exam Code: IIA-CRMA-ADV
- Exam Name: Certification in Risk Management Assurance
- Certification Provider: IIA
- Latest update: Nov 26,2024
Justified and necessary, according to the IIA Code of Ethics and Standards.
- A . 1 only
- B . 2 only
- C . 3 only
- D . 1 and 2 only
Justified and necessary, according to the IIA Code of Ethics and Standards.
- A . 1 only
- B . 2 only
- C . 3 only
- D . 1 and 2 only
Justified and necessary, according to the IIA Code of Ethics and Standards.
- A . 1 only
- B . 2 only
- C . 3 only
- D . 1 and 2 only
Justified and necessary, according to the IIA Code of Ethics and Standards.
- A . 1 only
- B . 2 only
- C . 3 only
- D . 1 and 2 only
End user security is inadvertently granted to an unauthorized individual by management.
- A . 1 and 3.
- B . 1 and 4.
- C . 2 and 3.
- D . 2 and 4.
Which of the following would not be a red flag for fraud?
- A . Several recent, large expenditures to a new vendor have not been documented.
- B . A manager has bragged about multiple extravagant vacations taken within the last year, which are excessive relative to the manager’s salary.
- C . A weak control environment has been accepted by management to encourage creativity.
- D . New employees occasionally fail to meet established project deadlines due to staffing shortages.
Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?
- A . Hire a risk consultant.
- B . Implement a hedging strategy.
- C . Maintain a large foreign currency balance.
- D . Insist that customers only pay in a stable currency.
When conducting an interview, an internal auditor is most likely to ask open-ended questions in order to:
- A . Obtain specific answers and maximize efficiency.
- B . Gather factual data on several different topics.
- C . Determine agreement or disagreement with a stated viewpoint.
- D . Obtain information based on the person’s own perspective.
Which of the following scenarios would represent the greatest threat to the authority of the internal audit activity (IAA)?
- A . A change was implemented requiring the IAA to report administratively to the organization’s chief legal counsel rather than the board.
- B . Responsibility for risk management processes were removed from the IAA and placed
under a newly created chief risk officer. - C . The IAA was denied access to expenditure and budget requirement reports because the reports were considered to be financial administrative matters.
- D . An internal auditor was informed by the chief financial officer that client survey results would be unfavorable unless the auditor changed a finding in the report.
According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?
- A . Benchmarking of the internal audit activity’s practices and performance.
- B . Report of internal assessment results, response plans, and outcomes.
- C . Analysis of performance metrics such as cycle times.
- D . Self-assessments and surveys of stakeholder groups.
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