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
After being terminated due to downsizing, an internal auditor finds a different job with an organization in the same industry.
Which of the following actions would violate the IIA Code of Ethics?
- A . To determine audit priorities in the new job, the auditor uses the audit risk approach that the auditor’s previous employer used, without receiving permission to do so.
- B . At the new organization, the auditor is asked to develop forms to implement probability-proportional-to-size sampling. Although unsure of how to perform this type of sampling, the auditor proceeds without asking for assistance.
- C . In preparing for an audit at the previous organization, the auditor had conducted a great deal of research on the Internet at home to identify best practices for the management of a treasury function. The auditor has retained much of the research and uses it to conduct an audit of the new employer’s treasury function.
- D . In the first week at the new organization, the auditor discovers a high fraud risk surrounding the organization’s database and suggests that the information technology department implement a new password system to prevent fraudulent actions before they occur.
The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift.
Which statement regarding acceptance of the money is correct?
- A . Accepting the money would be prohibited only if it were non-customary.
- B . Accepting the money would violate the IIA Code of Ethics.
- C . Because the CIA is not acting as an internal auditor, accepting the money would be governed only by the organization’s code of conduct.
- D . Because the contract was signed before the money was offered, accepting the money would not violate the IIA Code of Ethics.
Which of the following statements is true regarding the use of non-statistical sampling in auditing control tests?
- A . It considers tolerable deviation rate more effectively than does statistical sampling.
- B . Sampling risk will be accurately quantified through non-statistical sampling.
- C . Non-statistical sample results must be projected to the population.
- D . Lesser evidence is required to support a conclusion than for statistical sampling.
According to IIA guidance, which of the following statements is false regarding continuing professional education for the internal audit activity (IAA)?
- A . Continuing professional education can be obtained through IAA involvement in research projects.
- B . Employers are responsible for ensuring that the continuing professional education needs of the IAA are met.
- C . Completion of self-study courses fulfills IAA continuing professional education requirements.
- D . Specialized education that meets unique organizational needs cannot qualify as IAA professional development.
The last quality assessment of the internal audit activity identified three areas for improvement: the achievement of audit engagement objectives, quality of work, and staff development.
According to IIA guidance, which of the following should be the chief audit executive’s primary focus to achieve these recommended improvements?
- A . Demonstrated compliance with procedures.
- B . Due professional care.
- C . Engagement supervision.
- D . Employment of tools and techniques.
The chief audit executive (CAE) has been asked to manage the regulatory compliance function for the organization’s retail store operations. Store operations are included in the annual audit plan.
Which of the following strategies best fulfills the requirements of the Standards regarding these audits?
- A . The scope of store operations audits should exclude compliance.
- B . Store operations audits can be fully executed with appropriate disclosure to the board.
- C . Store operations audits should be performed by an external service provider.
- D . A store operations compliance audit should be performed by a staff internal auditor under the direction of the CAE.
Which of the following conditions is the most likely indicator of fraud?
- A . Commissions are paid based on verified increases to sales.
- B . Departmental reports are consistently issued in an untimely manner.
- C . A manager regularly assumes subordinates’ duties.
- D . Lower earnings occur during the industry’s down cycle.
Which of the following conditions is the most likely indicator of fraud?
- A . Commissions are paid based on verified increases to sales.
- B . Departmental reports are consistently issued in an untimely manner.
- C . A manager regularly assumes subordinates’ duties.
- D . Lower earnings occur during the industry’s down cycle.
Which of the following conditions is the most likely indicator of fraud?
- A . Commissions are paid based on verified increases to sales.
- B . Departmental reports are consistently issued in an untimely manner.
- C . A manager regularly assumes subordinates’ duties.
- D . Lower earnings occur during the industry’s down cycle.
Which of the following conditions is the most likely indicator of fraud?
- A . Commissions are paid based on verified increases to sales.
- B . Departmental reports are consistently issued in an untimely manner.
- C . A manager regularly assumes subordinates’ duties.
- D . Lower earnings occur during the industry’s down cycle.
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