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 27,2024.
- Exam Code: IIA-CRMA-ADV
- Exam Name: Certification in Risk Management Assurance
- Certification Provider: IIA
- Latest update: Nov 27,2024
Which of the following is not a role of the internal audit activity in facilitating risk identification and evaluation?
- A . Evaluating risk management processes.
- B . Recommending accountability for risk management.
- C . Providing assurance that risks are evaluated correctly.
- D . Supporting managers to identify ways to mitigate risks.
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
- A . Analytical review.
- B . Inquiry.
- C . Document verification.
- D . Observation.
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
- A . Analytical review.
- B . Inquiry.
- C . Document verification.
- D . Observation.
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
- A . Analytical review.
- B . Inquiry.
- C . Document verification.
- D . Observation.
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
- A . Analytical review.
- B . Inquiry.
- C . Document verification.
- D . Observation.
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?
- A . Analytical review.
- B . Inquiry.
- C . Document verification.
- D . Observation.
To identify potential efficiency improvements.
- A . 1 and 2.
- B . 1 and 3.
- C . 2 and 4.
- D . 3 and 4.
While reviewing first quarter sales transactions, an internal auditor discovered that 10 invoices for a new customer had not been posted into the accounts receivable subsidiary ledger. Those 10 invoices were listed in an error report automatically generated by the sales processing system. The system had rejected the invoices because the customer’s account number was not found in the customer master file.
In this scenario, which of the following controls was lacking?
- A . Corrective control.
- B . Preventive control.
- C . Detective control.
- D . Directive control.
Which of the following would most likely be considered a red flag for fraud?
- A . An organization lacks a whistleblower hotline for reporting suspicious activity.
- B . A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.
- C . An employee in charge of payroll disbursements has rotated these duties with several colleagues.
- D . An employee with significant personal debt is in charge of handling large wire transfers for the organization.
Which of the following actions does not violate the IIA Code of Ethics or Standards?
- A . An internal auditor performing an audit on an operation that they managed less than a year ago.
- B . An internal auditor performing an audit on procedures that they were responsible for creating.
- C . An internal auditor disclosing details of an audit report to colleagues from a different organization.
- D . An internal auditor disclosing confidential information in response to a lawsuit.
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