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
A staff auditor, nearly finished with an audit engagement, discovers that the director of marketing has a gambling habit. The gambling issue is not directly related to the existing engagement, and there is pressure to complete the current engagement. The auditor notes the problem and forwards the information to the chief audit executive, but performs no further follow-up.
Which of the following statements is true about the auditor’s actions?
- A . They are in violation of the IIA Code of Ethics because the auditor withheld meaningful information.
- B . They are in violation of the Standards because the auditor did not properly follow up on a red flag that might indicate the existence of fraud.
- C . They are in violation of neither the IIA Code of Ethics nor the Standards.
- D . They are not in violation of the Standards but are in violation of the IIA Code of Ethics.
Which of the following scenarios would represent the greatest threat to the authority of the internal audit activity (IAA)?
- A . A change was implemented requiring the IAA to report administratively to the organization’s chief legal counsel rather than the board.
- B . Responsibility for risk management processes were removed from the IAA and placed under a newly created chief risk officer.
- C . The IAA was denied access to expenditure and budget requirement reports because the reports were considered to be financial administrative matters.
- D . An internal auditor was informed by the chief financial officer that client survey results would be unfavorable unless the auditor changed a finding in the report.
Which of the following controls is not appropriate for sales in a manufacturing organization?
- A . Customers’ orders are recorded promptly.
- B . Goods shipped are matched with valid customer orders.
- C . Goods returned are inspected for damage by the receiving department for proper disposition.
- D . Sales department approval is required for credit sales transactions.
Which of the following controls is not appropriate for sales in a manufacturing organization?
- A . Customers’ orders are recorded promptly.
- B . Goods shipped are matched with valid customer orders.
- C . Goods returned are inspected for damage by the receiving department for proper disposition.
- D . Sales department approval is required for credit sales transactions.
Which of the following controls is not appropriate for sales in a manufacturing organization?
- A . Customers’ orders are recorded promptly.
- B . Goods shipped are matched with valid customer orders.
- C . Goods returned are inspected for damage by the receiving department for proper disposition.
- D . Sales department approval is required for credit sales transactions.
Which of the following controls is not appropriate for sales in a manufacturing organization?
- A . Customers’ orders are recorded promptly.
- B . Goods shipped are matched with valid customer orders.
- C . Goods returned are inspected for damage by the receiving department for proper disposition.
- D . Sales department approval is required for credit sales transactions.
Which of the following controls is not appropriate for sales in a manufacturing organization?
- A . Customers’ orders are recorded promptly.
- B . Goods shipped are matched with valid customer orders.
- C . Goods returned are inspected for damage by the receiving department for proper disposition.
- D . Sales department approval is required for credit sales transactions.
Maintain open and effective communications with the audit committee.
- A . 1 and 2 only
- B . 3 and 4 only
- C . 1, 3, and 4 only
- D . 2, 3, and 4 only
A new chief audit executive (CAE) of a large internal audit activity (IAA) is dissatisfied with the current amount and quality of training being provided to the staff and wishes to implement improvements.
According to IIA guidance, which of the following actions would best help the CAE reach this objective?
- A . Require that all staff obtain a minimum of two relevant audit certifications.
- B . Perform a gap analysis of the IAA’s existing knowledge, skills and competencies.
- C . Engage a consultant to benchmark the IAA’s training program against its peers.
- D . Assign one experienced manager to better coordinate staff training and development activities.
Which of the following is a preventive control?
- A . Creating an audit trail.
- B . Placing controls on physical access to inventory.
- C . Reconciling purchase orders with approvals.
- D . Reviewing expense accounts for irregularities.
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