IIA-CRMA-ADV exam

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...

The last quality assessment of the internal audit activity identified three areas for improvement: the achievement of audit engagement objectives, quality of work, and staff development. According to IIA guidance, which of the following should be the chief audit executive's primary focus to achieve these recommended improvements?A . Demonstrated compliance...

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...

Which of the following would not be a red flag for fraud?A . Several recent, large expenditures to a new vendor have not been documented.B . A manager has bragged about multiple extravagant vacations taken within the last year, which are excessive relative to the manager's salary.C . A weak...

While reviewing the workpapers of a new auditor, the auditor in charge discovered that additional audit procedures might be necessary. According to IIA guidance, which of the following would be most relevant for the auditor in charge to consider when making this decision?A . Resource management.B . Coordination.C . Due...

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

Which of the following activities best reflects the scope and status of the internal audit activity as defined in the internal audit policy statement?A . The internal auditor reviews the physical access to merchandise during an inventory count.B . The audit manager conducts an internal quality assessment of the internal...

An internal auditor notes that employees are able to download files from the internet. According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?A . Apply antivirus and patch management software.B . Utilize...

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

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...