Free Online IIA IIA-CRMA-ADV Practice Test

Prepare Your IIA IIA-CRMA-ADV Exam Questions with Free online IIA-CRMA-ADV Practice Test. Get Brilliant Certification in Risk Management Assurance Exam Results with Valid IIA CRMA ADV Exam Dumps.

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Total 283 Questions | Updated On: May 13, 2024

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Question 1

A chief audit executive (CAE) reports functionally to the CEO and administratively to the chief financial officer, both of whom serve on the company's board of directors. According to IIA guidance, which of the following would offer the greatest protection for the independence of the internal audit activity?

A : Appoint the CAE as a member of the board.

B : Move the CAE's functional reporting to an executive who is not on the board.

C : Obtain full board approval of the internal audit activity's annual audit plan.

D : Move the CAE's functional reporting to the audit committee.

Answer: D

Question 2

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 management.

Answer: C

Question 3

Which of the following would be considered a preventive control?

A : A library control log.

B : A review of exception reports.

C : A password lock on a server.

D : A software scan of financial records for irregularities.

Answer: C

Question 4

According to IIA guidance, which of the following must internal auditors consider to conform with the requirements for due professional care during a consulting engagement?

1. The cost of the engagement, as it pertains to audit time and expenses in relation to the potential benefits.

2. The needs and expectation of clients, including the nature, timing, and communication of engagement results.

3. The application of technology-based audit and other data analysis techniques, where appropriate.

4. The relative complexity and extent of work needed to achieve the engagement's objectives.

A : 1, 2, and 3

B : 1, 2, and 4

C : 1, 3, and 4

D : 2, 3, and 4

Answer: B

Question 5

According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

A : It increases the likelihood of obtaining the audit client's agreement with the results.

B : It ensures that an appropriate chain of evidence is maintained through the workpapers.

C : It helps ensure that appropriate professional judgments and conclusions are made.

D : It is required to demonstrate that effective engagement supervision has occurred.

Answer: C

Page: 1 / 57

Total 283 Questions | Updated On: May 13, 2024

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