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 22,2024.
- Exam Code: IIA-CRMA
- Exam Name: Certification in Risk Management Assurance (CRMA) Exam
- Certification Provider: IIA
- Latest update: Nov 22,2024
An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA.
Which of the following also should be included in the charter?
- A . The purpose of the IAA.
- B . The IAA’s right to have unrestricted access to functions, records, personnel, and physical property.
- C . A detailed audit plan or program for the year.
- D . The job specifications and descriptions of the internal audit staff.
An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA.
Which of the following also should be included in the charter?
- A . The purpose of the IAA.
- B . The IAA’s right to have unrestricted access to functions, records, personnel, and physical property.
- C . A detailed audit plan or program for the year.
- D . The job specifications and descriptions of the internal audit staff.
An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA.
Which of the following also should be included in the charter?
- A . The purpose of the IAA.
- B . The IAA’s right to have unrestricted access to functions, records, personnel, and physical property.
- C . A detailed audit plan or program for the year.
- D . The job specifications and descriptions of the internal audit staff.
An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA.
Which of the following also should be included in the charter?
- A . The purpose of the IAA.
- B . The IAA’s right to have unrestricted access to functions, records, personnel, and physical property.
- C . A detailed audit plan or program for the year.
- D . The job specifications and descriptions of the internal audit staff.
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.
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.
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.
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.
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 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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