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
What type of risk management strategy is being employed when an organization installs two firewalls to provide protection from unauthorized access to the network?
- A . Diversifying the risk that network access will not be available to legitimate, authorized users.
- B . Accepting the risk that there may be attempts at unauthorized access to the network.
- C . Avoiding the risk of having a direct network connection to un-trusted networks.
- D . Sharing the risk that either firewall could be compromised by hackers.
According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment of the quality assurance and improvement program for an internal audit activity (IAA)?
- A . A former employee knowledgeable of the IAA who resigned three years earlier from the organization.
- B . A competent employee of an independent external organization that provides co-sourcing services to the IAA.
- C . An employee in an affiliated organization who has never worked directly with the IAA.
- D . An employee in the parent organization who has not had any previous contact with the IAA.
Which of the following is an example of a transaction-level control?
- A . Human resource policies.
- B . Tone at the top.
- C . Reconciliations of primary accounts.
- D . Inventory counts.
Which of the following would provide the best guidance to a chief audit executive who is setting internal audit staff requirements?
- A . A review of audit staff education and training records.
- B . Information about the audit staff size and composition of comparable organizations.
- C . Results from discussions of audit needs with executive management and the audit committee.
- D . The results of the audit staff’s most recent performance reviews.
What is the primary purpose of a fishbone diagram?
- A . To depict the areas of responsibility for departments in an organization.
- B . To plan and control complex projects, such as internal audits.
- C . To represent the frequencies of adverse conditions in a given process.
- D . To identify the possible causes of adverse conditions.
During an internal audit, the internal auditor compares the employee turnover rate in the area being audited with the employee turnover rate in the organization as a whole.
This is an example of which of the following analytical auditing procedures?
- A . Reasonableness test.
- B . Regression analysis.
- C . Benchmarking.
- D . Trend analysis.
Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?
- A . Governance, risk, and control.
- B . Performance management.
- C . Business acumen.
- D . Internal audit delivery.
A manufacturing organization discovers that the waste water released has failed to meet permitted limits.
Which control function will be least effective in correcting the issue?
- A . Performing a chemical analysis of the water, prior to discharge, for components specified in the permit.
- B . Posting signs that tell employees which substances may be disposed of via sinks and floor drains within the facility.
- C . Diluting pollutants by flushing sinks and floor drains daily with large volumes of clean water.
- D . Establishing a preventive maintenance program for the pretreatment system.
If an engagement client disputes that a specific action or process is within the scope of the internal audit activity, what would be the most appropriate way for the internal audit activity (IAA) to respond?
- A . Terminate the audit engagement in full because an operational audit will not be productive without the client’s cooperation.
- B . Terminate only the specific action or process with which the client disagrees and work to determine a substitute function that will not impede further IAA or the client-audit relationship.
- C . Refer the client to the IAA’s charter and the approved yearly audit plan, which includes the areas designated for audit in the current time period.
- D . Seek the approval of senior management or the board in mediation, allowing an overseer to clarify the scope of the audit engagement for the client.
In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers’ accounts?
- A . Invoices are not being mailed to customers.
- B . An employee is tampering with customer checks.
- C . Employees are submitting fraudulent expense reports.
- D . The customer service department is not forwarding complaints to the accounts
receivable department.
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