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 14, 2026

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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

Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?

1. Locking doors and physically securing inventory items.

2. Independently observing the receipt of materials.

3. Conducting monthly inventory counts.

4. Requiring the use of employee ID badges at all times.

A : 1 and 3.

B : 1 and 4.

C : 2 and 3.

D : 2 and 4.

Answer: B

Question 3

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 4

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 5

According to the COSO internal control framework, which of the following best describes the use of continuous auditing programs by the internal audit activity?

A : ntrol environment.

B : ntrol activities.

C : k assessment.

D : nitoring.

Answer: D

Page: 1 / 57

Total 283 Questions | Updated On: Jan 14, 2026

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