Available Number of Questions: Maximum of
283 Questions
Exam Name: Certification in Risk Management Assurance (CRMA) Exam
Exam Duration: 150 Minutes
Related Certification(s):
IIA Certification in Risk Management Assurance Certification
IIA IIA-CRMA Exam Topics - You’ll Be Tested in Actual Exam
The IIA-CRMA exam is a comprehensive assessment designed to evaluate your knowledge and skills in the field of risk management. It covers a wide range of topics, including the principles and practices of enterprise risk management (ERM), risk identification and assessment techniques, risk response and mitigation strategies, and the integration of risk management into organizational governance and culture. Additionally, the exam delves into the role of internal audit in risk management, the importance of communication and stakeholder engagement, and the ethical considerations and professional responsibilities associated with risk management practices. With a focus on real-world applications, the IIA-CRMA exam assesses your ability to apply risk management concepts and best practices in practical scenarios. Throughout the exam, you will encounter various question formats, including multiple-choice, true-or-false, and scenario-based questions, challenging you to demonstrate your understanding and critical thinking skills. Successful completion of the IIA-CRMA exam not only validates your expertise in risk management but also positions you as a trusted advisor, capable of guiding organizations through complex risk landscapes.
IIA IIA-CRMA Exam Short Quiz
Attempt this IIA IIA-CRMA exam quiz to self-assess your preparation for the actual IIA Certification in Risk Management Assurance (CRMA) Exam . CertBoosters also provides premium IIA IIA-CRMA exam questions to pass the IIA Certification in Risk Management Assurance (CRMA) Exam in the shortest possible time. Be sure to try our free practice exam software for the IIA IIA-CRMA exam.
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IIA IIA-CRMA Exam Quiz
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IIAIIA-CRMA
Q1:
Which of the following offers the best evidence that the internal audit activity has achieved organizational independence?
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AAn independent third party has assessed the organization's system of internal controls to be adequate and effective.
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BThe chief audit executive reports both functionally and administratively to the CEO.
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CThe internal audit charter is drafted properly and approved by the appropriate parties.
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DThe mission statement and strategy of the internal audit activity demonstrates alignment to organizational objectives.
IIAIIA-CRMA
Q2:
According to IIA guidance, which of the following roles would be appropriate for an internal auditor regarding fraud risk?
1. Identification.
2. Mitigation.
3. Remediation.
4. Reduction.
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A1 only. |
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B1 and 4 only.
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C1, 3, and 4 only.
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D1,2, 3, and 4.
IIAIIA-CRMA
Q3:
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?
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ASoft skills in communication, negotiation, and collaboration.
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BTechnical skills in the area under review.
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CProfessional qualifications and certification in internal auditing.
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DConfidentiality and independence.
IIAIIA-CRMA
Q4:
A manufacturing line supervisor joins the internal audit activity for a two-year rotational job assignment and is assigned to an accounts receivable audit. With regard to this assignment, which of the following should be the primary concern of the audit manager?
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ADue professional care.
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BIndividual independence.
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CIndividual objectivity.
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DOrganizational independence.
IIAIIA-CRMA
Q5:
Which of the following is an example of a risk management avoidance response?
