Pass the IIA CRMA Certification IIA-CRMA-ADV Questions and answers with ExamsMirror

The bottom of the pyramid responsibility.

Innovative responsibility.

Ethical responsibility.

Discretionary responsibility.

Attending annual professional conferences and seminars.

Participating in on-the-job training in various departments of the organization.

Pursuing as many professional certifications as possible.

Maintaining membership in The HA and similar professional organizations and subscribing to relevant email updates or news feeds.

Imposing risk management processes.

Providing consolidated reporting on risks.

Taking accountability for risk management.

Making decisions on risk responses.

4 only

1 and 3 only

1 and 4 only

2, 3, and 4 only

Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.

The controller at a nationwide manufacturing company recently opted to no longer require two-week mandatory vacations for accounting staff.

Security cameras that monitor cash handling at the register are not functioning.

The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff.

An internal auditor assessed the effectiveness of controls over payroll software, which he had helped implement with a previous employer.

An internal auditor participated in an audit of controls around absenteeism, despite providing some consultation on controls in this area earlier in the year.

An internal auditor performed an assurance engagement for the effectiveness of accounts payable access controls, one of which he previously helped to design.

An internal auditor, previously employed in the quality assurance operations area, performed a consulting engagement for the operations manager.

Management will be able to reduce inherent risk because they will have a better understanding of risk.

Internal auditors will be able to reduce their sample sizes because controls will be more consistent.

Stakeholders will have more assurance that the risks are assessed consistently.

Decision makers will understand that the likelihood of missing or ineffective controls will be reduced.

1 and 2.

1 and 3.

2 and 3.

2 and 4.

The CAE would need to procure external services to deliver the internal audit assurance program.

There is no expertise within the internal audit team for detecting and investigating fraud.

There is no expertise within the internal audit team for auditing an IT engagement.

There is no available expertise on the internal audit team to perform a consulting engagement.

The IIA's Quality Assessment Manual for the Internal Audit Activity must be used as the basis for periodic assessments.

Members of the internal audit activity are not permitted to perform quality assessments, as they would not be independent.

Periodic internal assessments provide the most current and independent recommendations for improvement.

The conclusions of periodic internal assessments are intended to assist in achieving conformity to the Standards.