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
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.
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.
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.
Justified and necessary, according to the IIA Code of Ethics and Standards.
- A . 1 only
- B . 2 only
- C . 3 only
- D . 1 and 2 only
A computer system automatically locks a user’s account after three unsuccessful attempts to log on.
Which type of control does this scenario represent?
- A . Corrective control.
- B . Preventive control.
- C . Detective control.
- D . Compensating control.
If an engagement client disputes that a specific action or process is within the scope of the internal audit activity, what would be the most appropriate way for the internal audit activity (IAA) to respond?
- A . Terminate the audit engagement in full because an operational audit will not be productive without the client’s cooperation.
- B . Terminate only the specific action or process with which the client disagrees and work to determine a substitute function that will not impede further IAA or the client-audit relationship.
- C . Refer the client to the IAA’s charter and the approved yearly audit plan, which includes the areas designated for audit in the current time period.
- D . Seek the approval of senior management or the board in mediation, allowing an overseer to clarify the scope of the audit engagement for the client.
During an internal audit, an organization’s processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some of these reports are false and that others were isolated oversights due to understaffing.
Which of the following tests would best help the internal auditor detect fraudulent activity?
- A . Check inventory levels.
- B . Search for gaps in check numbers.
- C . Compare vendor summaries.
- D . Review raw material purchase quantities.
Which of the following does not need to be defined in the internal audit charter?
- A . The audit engagements to be performed during the upcoming year.
- B . The internal audit activity’s position within the organization.
- C . The scope of internal audit activities.
- D . Management and the board of directors’ agreement regarding the roles and responsibilities of the internal audit activity.
Which of the following does not need to be defined in the internal audit charter?
- A . The audit engagements to be performed during the upcoming year.
- B . The internal audit activity’s position within the organization.
- C . The scope of internal audit activities.
- D . Management and the board of directors’ agreement regarding the roles and responsibilities of the internal audit activity.
Which of the following does not need to be defined in the internal audit charter?
- A . The audit engagements to be performed during the upcoming year.
- B . The internal audit activity’s position within the organization.
- C . The scope of internal audit activities.
- D . Management and the board of directors’ agreement regarding the roles and responsibilities of the internal audit activity.
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