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: Mar 25, 2025

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Question 1

Which segregation of duties would best reduce the risk of payroll fraud?

A : man resources personnel add employees, and payroll personnel process hours and enter employee bank account numbers. Paychecks are automatically deposited in the employee's bank account.

B : man resources personnel add employees, payroll personnel process hours, and human resources personnel deliver paychecks to employees.

C : man resources personnel add employees, review and submit payroll hours to the payroll department for processing, and deliver paychecks to employees.

D : man resources personnel add employees and enter employee bank information. Payroll personnel process hours, and paychecks are automatically deposited in the employee's bank account.

Answer: A

Question 2

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

Question 3

Which of the following actions best demonstrates that an internal auditor is exercising due professional care?

A : auditor performs thorough reviews and provides absolute assurance of regulatory compliance.

B : auditor is alert to the possibility of fraud and activities where irregularities are most likely to occur.

C : auditor recommends improvements for all of the organization's procedures and practices.

D : auditor is cognizant of reducing travel expenses by combining a personal vacation with a business trip.

Answer: B

Question 4

A chief audit executive (CAE) reports functionally to the CEO and administratively to the chief financial officer, both of whom serve on the company's board of directors. According to IIA guidance, which of the following would offer the greatest protection for the independence of the internal audit activity?

A : Appoint the CAE as a member of the board.

B : ve the CAE's functional reporting to an executive who is not on the board.

C : tain full board approval of the internal audit activity's annual audit plan.

D : ve the CAE's functional reporting to the audit committee.

Answer: D

Question 5

During an audit engagement, the internal auditor discussed a risk mitigation recommendation with the manager of the area under review. The manager disagreed with the risk assessment and recommendation. The two failed to come up with an alternative solution, and the auditor decided to proceed with including the original recommendation in the engagement report. Which of the following is especially important in dealing with this type of situation?

A : ft skills in communication, negotiation, and collaboration.

B : chnical skills in the area under review.

C : ofessional qualifications and certification in internal auditing.

D : nfidentiality and independence.

Answer: A

Page: 1 / 57

Total 283 Questions | Updated On: Mar 25, 2025

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