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
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.
Control activities.
- A . 1 and 3 only
- B . 1 and 4 only
- C . 2 and 3 only
- D . 2 and 4 only
A new chief audit executive (CAE) of a large internal audit activity (IAA) is dissatisfied with the current amount and quality of training being provided to the staff and wishes to implement improvements.
According to IIA guidance, which of the following actions would best help the CAE reach this objective?
- A . Require that all staff obtain a minimum of two relevant audit certifications.
- B . Perform a gap analysis of the IAA’s existing knowledge, skills and competencies.
- C . Engage a consultant to benchmark the IAA’s training program against its peers.
- D . Assign one experienced manager to better coordinate staff training and development activities.
During an account receivables audit, an internal auditor found a significant number of input errors resulting in a $500, 000 balance understatement.
Which of the following is the most important question the internal auditor should ask to develop an appropriate recommendation for this finding?
- A . Who?
- B . How?
- C . Why?
- D . When?
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
- A . The periodic rotation of procurement officers’ assignments to supplier accounts.
- B . A pre-award financial capacity analysis of suppliers.
- C . An automated computer report, organized by supplier, of any invoices for the same amount.
- D . Periodic inventories of kiln-dried wood at the organization’s warehouse.
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
- A . The periodic rotation of procurement officers’ assignments to supplier accounts.
- B . A pre-award financial capacity analysis of suppliers.
- C . An automated computer report, organized by supplier, of any invoices for the same amount.
- D . Periodic inventories of kiln-dried wood at the organization’s warehouse.
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
- A . The periodic rotation of procurement officers’ assignments to supplier accounts.
- B . A pre-award financial capacity analysis of suppliers.
- C . An automated computer report, organized by supplier, of any invoices for the same amount.
- D . Periodic inventories of kiln-dried wood at the organization’s warehouse.
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
- A . The periodic rotation of procurement officers’ assignments to supplier accounts.
- B . A pre-award financial capacity analysis of suppliers.
- C . An automated computer report, organized by supplier, of any invoices for the same amount.
- D . Periodic inventories of kiln-dried wood at the organization’s warehouse.
An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.
Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?
- A . The periodic rotation of procurement officers’ assignments to supplier accounts.
- B . A pre-award financial capacity analysis of suppliers.
- C . An automated computer report, organized by supplier, of any invoices for the same amount.
- D . Periodic inventories of kiln-dried wood at the organization’s warehouse.
They can rely on evidence taken from the work of other assurance activities across the organization.
- A . 1 and 2.
- B . 1 and 3.
- C . 2 and 3.
- D . 3 and 4.
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