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
A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity’s chief financial officer (CFO).
Which of the following would impair the internal audit function’s independence?
- A . The CFO determines the scope of internal audit work in the accounting department.
- B . The CFO manages the accounting of the budget for the internal audit function.
- C . The CFO administers the annual evaluation process for the internal auditors.
- D . The CFO provides feedback on the CAE’s audit reports.
A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity’s chief financial officer (CFO).
Which of the following would impair the internal audit function’s independence?
- A . The CFO determines the scope of internal audit work in the accounting department.
- B . The CFO manages the accounting of the budget for the internal audit function.
- C . The CFO administers the annual evaluation process for the internal auditors.
- D . The CFO provides feedback on the CAE’s audit reports.
A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity’s chief financial officer (CFO).
Which of the following would impair the internal audit function’s independence?
- A . The CFO determines the scope of internal audit work in the accounting department.
- B . The CFO manages the accounting of the budget for the internal audit function.
- C . The CFO administers the annual evaluation process for the internal auditors.
- D . The CFO provides feedback on the CAE’s audit reports.
A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity’s chief financial officer (CFO).
Which of the following would impair the internal audit function’s independence?
- A . The CFO determines the scope of internal audit work in the accounting department.
- B . The CFO manages the accounting of the budget for the internal audit function.
- C . The CFO administers the annual evaluation process for the internal auditors.
- D . The CFO provides feedback on the CAE’s audit reports.
A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity’s chief financial officer (CFO).
Which of the following would impair the internal audit function’s independence?
- A . The CFO determines the scope of internal audit work in the accounting department.
- B . The CFO manages the accounting of the budget for the internal audit function.
- C . The CFO administers the annual evaluation process for the internal auditors.
- D . The CFO provides feedback on the CAE’s audit reports.
Leave blank space for cross-references to be completed during the post-audit process.
- A . 1 and 2 only
- B . 1 and 4 only
- C . 2 and 3 only
- D . 3 and 4 only
This chief audit executive (CAE) engaged an internal auditor to consult on an organization’s complex information technology system. Shortly after beginning the engagement, the auditor unexpectedly resigned. Unfortunately, this auditor was the only available auditor with the necessary expertise. The CAE will not be able to hire someone with similar expertise in time to meet a regulatory deadline.
Which of the following would be the best course of action for the CAE to take?
- A . Continue with the engagement in order to meet the regulatory deadline, but highlight
areas in the final report that might need to be revised in the future. - B . Ask that a senior member of the organization’s IT department with the required systems expertise join the audit team to assist in completing the engagement.
- C . Delay the engagement and inform the board of the situation, asking them to provide acceptable alternatives for completing the engagement.
- D . Remove the planned engagement from the audit plan and explain to senior management the problems with moving forward without an auditor with the necessary expertise.
Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?
- A . Governance, risk, and control.
- B . Performance management.
- C . Business acumen.
- D . Internal audit delivery.
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.
According to IIA guidance, which of the following objectives of an assurance engagement for the organization’s risk management process is valid?
- A . All risks have been identified and mitigated.
- B . Risks have been accurately analyzed and evaluated.
- C . All controls are both adequate and efficient.
- D . The board is appropriately addressing intolerable risks.
Latest IIA-CRMA Dumps Valid Version with 283 Q&As
Latest And Valid Q&A | Instant Download | Once Fail, Full Refund
