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

Which of the following would be considered a preventive control?

Which of the following scenarios exemplifies a potential internal control weakness?

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?

An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.

Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?

Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?

The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift. Which statement regarding acceptance of the money is correct?

Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?

During an account receivables audit, an internal auditor found a significant number of input errors resulting in a $500, 000 balance understatement.

Which of the following is the most important question the internal auditor should ask to develop an appropriate recommendation for this finding?

An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year.

As a result, which IIA Code of Ethics principle is presumed to be impaired?

An internal auditor is conducting an engagement in the accounts payable department, which includes expressing an opinion at the micro level. According to IIA guidance, which of the following statements is true regarding micro-level opinions?

1. They are most effective when using a combination of current and prior engagement findings to draw conclusions.

2. They typically are based on defined procedures such as those found in an accounts payable reconciliation process.

3. They are discrete and not normally shared with senior management or the board.

4. They can rely on evidence taken from the work of other assurance activities across the organization.