IIA-CRMA Exam Questions Instant Access - No Installation Required

Question 1

Which of the following would not be considered part of preliminary survey of an engagement area?

AInterviews with individuals affected by the entity.

BFunctional walk through test.

CAnalytical reviews.

DSampling scope.

Answer : D

Question 2

An internal audit charter should do which of the following?

AOutline the schedule of future audits.

BDefine the scope of internal audit activities.

CEstablish the size of the internal audit activity.

DCommunicate the internal audit activity's goals.

Answer : B

Question 3

According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment of the quality assurance and improvement program for an internal audit activity (IAA)?

AA former employee knowledgeable of the IAA who resigned three years earlier from the organization.

BA competent employee of an independent external organization that provides co-sourcing services to the IAA.

CAn employee in an affiliated organization who has never worked directly with the IAA.

DAn employee in the parent organization who has not had any previous contact with the IAA.

Answer : A

Question 4

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?

ACompetence.

BFlexibility.

CObjectivity.

DIndependence.

Answer : C

Question 5

Which of the following is a preventive control?

ACreating an audit trail.

BPlacing controls on physical access to inventory.

CReconciling purchase orders with approvals.

DReviewing expense accounts for irregularities.

Answer : B

Question 6

Which of the following controls could an internal auditor reasonably conclude is effective by observing the physical controls of a large server room?

AAdequate signs are in place to assist in locating safety equipment.

BServers are secured individually to their racks by locks.

CFoam fire extinguishers are operable to protect against electrical fires.

DSwipe card access is required to gain access to the server room.

Answer : A

Question 7

A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?

AContinuously monitor the organization's overall risk activities in relation to its risk appetite.

BEvaluate the adequacy and effectiveness of the organization's governance activities.

COversee the establishment and administration of an effective risk management program.

DAssist management in implementing recommended control improvements.

Answer : C

IIA Certification in Risk Management Assurance (CRMA) IIA-CRMA Exam Questions