Free IIA IIA-CRMA-ADV Exam Questions

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

Page: 1 / 57

Total 283 Questions | Updated On: Jan 09, 2025

Add To Cart

Question 1

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

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

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

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

Answer: C

Question 2

As a matter of policy, the chief audit executive routinely rotates internal audit staff assignments and periodically interviews the staff to discuss the potential for conflicts of interest. These actions help fulfill which of the following internal audit mandates?

A : ganizational independence.

B : ofessional objectivity.

C : professional care.

D : dividual proficiency.

Answer: B

Question 3

Which of the following best demonstrates the authority of the internal audit activity?

A : ggesting alternatives to decision makers.

B : proving the integrity of information.

C : termining the scope of internal audit services.

D : hieving engagement objectives.

Answer: C

Question 4

According to The IIA's Code of Ethics, which of the following statements is true?

A : en an internal auditor releases required information to a regulator, resulting in a significant loss through fines and penalties for the organization, he fails to add value.

B : en an internal auditor limits the scope of the audit engagement after learning that management is hiding relevant information, he demonstrates integrity.

C : en an internal auditor disagrees with the treatment received by workers in the organization's foreign subsidiary and alters the audit program to highlight the issue, he fails to demonstrate objectivity.

D : en an internal auditor continues with an audit engagement, despite the audit client's claims that the work performed is unnecessary and redundant he fails to demonstrate competency.

Answer: C

Question 5

According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?

A : nchmarking of the internal audit activity's practices and performance.

B : port of internal assessment results, response plans, and outcomes.

C : alysis of performance metrics such as cycle times.

D : lf-assessments and surveys of stakeholder groups.

Answer: C

Page: 1 / 57

Total 283 Questions | Updated On: Jan 09, 2025

Add To Cart