Free IIA IIA-CRMA-ADV Exam Questions

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

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Total 283 Questions | Updated On: May 23, 2026

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Question 1

An internal audit charter, approved by the board, restricts the internal audit activity to providing assurance only on the reliability of financial information and the effectiveness of internal accounting controls. Which of the following statements is true regarding the extent to which the external auditor may rely on the internal audit activity's work?

A : external auditor may make full use of the work, as the audit charter is very specific as to the work the internal audit activity may undertake.

B : external auditor may use the work, as the board has approved the charter, thus taking responsibility for any deficiencies.

C : external auditor must disregard the work, as the scope of the charter may introduce bias and result in a lack of due professional care.

D : external auditor may use the work with caution, due to the internal audit activity's scope and responsibility restrictions.

Answer: D

Question 2

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?

A : purpose of the IAA.

B : IAA's right to have unrestricted access to functions, records, personnel, and physical property.

C : detailed audit plan or program for the year.

D : job specifications and descriptions of the internal audit staff.

Answer: B

Question 3

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 4

While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. Which course of action should the auditor take?

A : oceed with the audit engagement, but do not include the relative's information.

B : ve the chief audit executive and management determine whether the auditor should continue with the audit engagement.

C : close in the engagement final communication that the relative is a customer.

D : mediately withdraw from the audit engagement.

Answer: D

Question 5

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

Page: 1 / 57

Total 283 Questions | Updated On: May 23, 2026

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