IIA-CRMA

An internal auditor is reviewing employee travel data to identify opportunities to cut costs while ensuring adequate participation at conferences to support the organization's mission. Which of the following pieces of evidence would be sufficient for completing this task?A . A log from the last year that includes dates of...

According to IIA guidance, which of the following statements is true?A . Risks in IT processes are best mitigated by individual controls.B . The overall focus of the framework is on significant controls in all critical IT applications.C . IT risks and related controls are operational and best identified using...

Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?A . Analytical review.B . Inquiry.C . Document verification.D . Observation.View AnswerAnswer: A

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.View AnswerAnswer: B

Why are preventative controls generally preferred to detective controls?A . Because preventive controls promote doing the right thing in the first place, and lessen the need for corrective action.B . Because preventive controls are more sensitive and identify more exceptions than detective controls.C . Because preventive controls include output procedures,...

An internal auditor for a large retail chain suspects that a store manager has been stealing money from cash sales by listing the sales as accounts receivable and then writing off the accounts as bad debts. Which of the following irregularities is the most likely cause of the auditor's suspicion?A...

Justified and necessary, according to the IIA Code of Ethics and Standards.A . 1 onlyB . 2 onlyC . 3 onlyD . 1 and 2 onlyView AnswerAnswer: C

Maintain open and effective communications with the audit committee.A . 1 and 2 onlyB . 3 and 4 onlyC . 1, 3, and 4 onlyD . 2, 3, and 4 onlyView AnswerAnswer: D

Which of the following is not an appropriate activity for internal auditors to perform?A . Recommend management seek a consulting firm to advise on outsourcing.B . Highlight matters that require management's attention.C . Implement solutions for specific organizational problems.D . Accumulate data, obtain varying views, and report information to senior...

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...