Free IIA IIA-CRMA-ADV Exam Questions

Become IIA Certified with updated IIA-CRMA-ADV exam questions and correct answers

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Total 283 Questions | Updated On: Mar 24, 2026

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Question 1

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?

A : purpose of the IAA.

B : IAA's right to have unrestricted access to functions, records, personnel, and physical property.

C : detailed audit plan or program for the year.

D : job specifications and descriptions of the internal audit staff.

Answer: B

Question 2

Which of the following actions best demonstrates that an internal auditor is exercising due professional care?

A : auditor performs thorough reviews and provides absolute assurance of regulatory compliance.

B : auditor is alert to the possibility of fraud and activities where irregularities are most likely to occur.

C : auditor recommends improvements for all of the organization's procedures and practices.

D : auditor is cognizant of reducing travel expenses by combining a personal vacation with a business trip.

Answer: B

Question 3

Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?

A : CAE initials and dates every working paper after it has been reviewed.

B : CAE completes an engagement working paper checklist.

C : CAE prepares a memorandum discussing the results of the working paper review.

D : CAE utilizes an external third party to make an objective recommendation after each working paper review.

Answer: D

Question 4

While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. Which course of action should the auditor take?

A : oceed with the audit engagement, but do not include the relative's information.

B : ve the chief audit executive and management determine whether the auditor should continue with the audit engagement.

C : close in the engagement final communication that the relative is a customer.

D : mediately withdraw from the audit engagement.

Answer: D

Question 5

Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?

1. Locking doors and physically securing inventory items.

2. Independently observing the receipt of materials.

3. Conducting monthly inventory counts.

4. Requiring the use of employee ID badges at all times.

A : 1 and 3.

B : 1 and 4.

C : 2 and 3.

D : 2 and 4.

Answer: B

Page: 1 / 57

Total 283 Questions | Updated On: Mar 24, 2026

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