IIA IIA-CRMA Certification in Risk Management Assurance (CRMA) Exam Online Training
IIA IIA-CRMA Online Training
The questions for IIA-CRMA were last updated at Nov 23,2024.
- Exam Code: IIA-CRMA
- Exam Name: Certification in Risk Management Assurance (CRMA) Exam
- Certification Provider: IIA
- Latest update: Nov 23,2024
Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?
- A . Because management requires the review to measure effectiveness of the internal audit activity.
- B . So that the individual objectivity of the internal audit staff can be more clearly established.
- C . So that there is assurance of the internal audit staff’s proficiency to complete audit activities.
- D . Because changes in the organization may impair the internal audit activity’s ability to meet its objectives.
While attending a conference, an internal auditor won an all-expense paid trip sponsored
by a vendor of the internal auditor’s organization.
Which of the following actions are most appropriate for the auditor to take?
- A . Consult with an immediate supervisor and notify the organization’s audit committee.
- B . Consult with an immediate supervisor and review the organization’s ethics policy.
- C . Give the prize to a friend or family member and notitfy the organization’s audit committee.
- D . Give the prize to a friend or family member and review the organization’s ethics policy.
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards.
To address this concern, which of the following actions is most appropriate for the CAE to take?
- A . The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
- B . The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- C . The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- D . The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards.
To address this concern, which of the following actions is most appropriate for the CAE to take?
- A . The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
- B . The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- C . The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- D . The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards.
To address this concern, which of the following actions is most appropriate for the CAE to take?
- A . The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
- B . The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- C . The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- D . The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards.
To address this concern, which of the following actions is most appropriate for the CAE to take?
- A . The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
- B . The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- C . The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- D . The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards.
To address this concern, which of the following actions is most appropriate for the CAE to take?
- A . The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
- B . The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- C . The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- D . The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
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 be considered a preventive control?
- A . A library control log.
- B . A review of exception reports.
- C . A password lock on a server.
- D . A software scan of financial records for irregularities.
Which of the following would be considered a preventive control?
- A . A library control log.
- B . A review of exception reports.
- C . A password lock on a server.
- D . A software scan of financial records for irregularities.
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