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: Jan 12, 2026

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Question 1

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 2

According to the HA Code of Ethics, which of the following statements best describes the principle of competency?

A : ternal auditors shall perform their work with honesty, diligence, and responsibility.

B : ternal auditors shall perform their work in accordance with the Standards.

C : ternal auditors shall perform their work in accordance with the law and make disclosures expected by the law.

D : ternal auditors shall be prudent in the use of information acquired while performing their work.

Answer: B

Question 3

Which of the following conditions is the most likely indicator of fraud?

A : mmissions are paid based on verified increases to sales.

B : partmental reports are consistently issued in an untimely manner.

C : manager regularly assumes subordinates' duties.

D : wer earnings occur during the industry's down cycle.

Answer: C

Question 4

Which of the following is an example of collusion?

A : employee includes a faked receipt in his expense claim, and the claim is signed by the employee's manager.

B : vendor inflates the price of an item and remits a portion of the excess to the purchasing manager.

C : vendor sends a duplicate invoice with a new invoice number, and the accounts payable system fails to detect the duplication.

D : employee works with the IT manager to develop a program for identifying duplicate invoice payments.

Answer: B

Question 5

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

Page: 1 / 57

Total 283 Questions | Updated On: Jan 12, 2026

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