Certification in Risk Management Assurance (CRMA) Exam

283 Questions & Answers with Explanation
Update Date : May 20, 2024
PDF + Test Engine
$65 $95
Test Engine
$55 $85
PDF Only
$45 $75

Money back Guarantee

We just do not compromise with the bright future of our respected customers. PassExam4Sure takes the future of clients quite seriously and we ensure that our IIA-CRMA exam dumps get you through the line. If you think that our exam question and answers did not help you much with the exam paper and you failed it somehow, we will happily return all of your invested money with a full 100% refund.

100% Real Questions

We verify and assure the authenticity of IIA IIA-CRMA exam dumps PDFs with 100% real and exam-oriented questions. Our exam questions and answers comprise 100% real exam questions from the latest and most recent exams in which you’re going to appear. So, our majestic library of exam dumps for IIA IIA-CRMA is surely going to push on forward on the path of success.

Security & Privacy

Free for download IIA IIA-CRMA demo papers are available for our customers to verify the authenticity of our legit helpful exam paper samples, and to authenticate what you will be getting from PassExam4Sure. We have tons of visitors daily who simply opt and try this process before making their purchase for IIA IIA-CRMA exam dumps.

Last Week IIA-CRMA Exam Results


Customers Passed IIA IIA-CRMA Exam


Average Score In Real IIA-CRMA Exam


Questions came from our IIA-CRMA dumps.

Authentic IIA-CRMA Exam Dumps

Prepare for IIA IIA-CRMA Exam like a Pro

PassExam4Sure is famous for its top-notch services for providing the most helpful, accurate, and up-to-date material for IIA IIA-CRMA exam in form of PDFs. Our IIA-CRMA dumps for this particular exam is timely tested for any reviews in the content and if it needs any format changes or addition of new questions as per new exams conducted in recent times. Our highly-qualified professionals assure the guarantee that you will be passing out your exam with at least 85% marks overall. PassExam4Sure IIA IIA-CRMA ProvenDumps is the best possible way to prepare and pass your certification exam.

Easy Access and Friendly UI

PassExam4Sure is your best buddy in providing you with the latest and most accurate material without any hidden charges or pointless scrolling. We value your time and we strive hard to provide you with the best possible formatting of the PDFs with accurate, to the point, and vital information about IIA IIA-CRMA. PassExam4Sure is your 24/7 guide partner and our exam material is curated in a way that it will be easily readable on all smartphone devices, tabs, and laptop PCs.

PassExam4Sure - The Undisputed King for Preparing IIA-CRMA Exam

We have a sheer focus on providing you with the best course material for IIA IIA-CRMA. So that you may prepare your exam like a pro, and get certified within no time. Our practice exam material will give you the necessary confidence you need to sit, relax, and do the exam in a real exam environment. If you truly crave success then simply sign up for PassExam4Sure IIA IIA-CRMA exam material. There are millions of people all over the globe who have completed their certification using PassExam4Sure exam dumps for IIA IIA-CRMA.

100% Authentic IIA IIA-CRMA – Study Guide (Update 2024)

Our IIA IIA-CRMA exam questions and answers are reviewed by us on weekly basis. Our team of highly qualified IIA professionals, who once also cleared the exams using our certification content does all the analysis of our recent exam dumps. The team makes sure that you will be getting the latest and the greatest exam content to practice, and polish your skills the right way. All you got to do now is to practice, practice a lot by taking our demo questions exam, and making sure that you prepare well for the final examination. IIA IIA-CRMA test is going to test you, play with your mind and psychology, and so be prepared for what’s coming. PassExam4Sure is here to help you and guide you in all steps you will be going through in your preparation for glory. Our free downloadable demo content can be checked out if you feel like testing us before investing your hard-earned money. PassExam4Sure guaranteed your success in the IIA IIA-CRMA exam because we have the newest and most authentic exam material that cannot be found anywhere else on the internet.

IIA IIA-CRMA Sample Questions

Question # 1

Which of the following enhances the independence of the internal audit activity? 

A. The chief audit executive (CAE) approves the annual internal audit plan.
B. The CAE administratively reports to the board.
C. The audit committee approves the CAE's annual salary increase.
D. The chief executive officer approves the internal audit charter.

Question # 2

An internal auditor completed an audit of a bank's loan department and found all significant risks to be managed adequately through effective internal controls. Which of the following would be an appropriate conclusion to report to management?

A. The residual risk is lower than or equal to the risk appetite. 
B. The residual risk is higher than or equal to the risk appetite. 
C. The inherent risk is lower than or equal to the risk tolerance. 
D. The inherent risk is higher than or equal to the risk tolerance. 

Question # 3

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. Control environment.
B. Control activities.
C. Risk assessment.
D. Monitoring.

Question # 4

During an audit, the client questions the internal audit activity's authority to perform procedures over fraud allegations. According to HA guidance, which of the following would provide the most relevant support to respond to the client's concerns?

A. Definition of Internal Auditing.
B. MA Standards.
C. Internal audit charter.
D. The IIA's Code of Ethics

Question # 5

A new director was hired to lead the internal audit activity at a small start-up company. Which of the following assignments would impair the director's independence? 

A. Preparing the financial statements for the company's defined contribution plan.
B. Performing a pre-implementation review of the company's payroll application.
C. Providing the COBIT framework as a possible IT management tool.
D. Reviewing the company's policy for foreign currency translation adjustments for compliance with accounting standards.

Question # 6

What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

A. To help the internal audit activity complete its annual assurance plan.
B. To identify inefficiencies within the internal audit team.
C. To help improve the overall quality of the internal audit activity's work.
D. To identify key risks and areas of concern within the organization.

Question # 7

In the area of business acumen, which of the following competencies would be the sole responsibility of an internal audit staff member?

A. Maintaining industry-specific knowledge appropriate to the organization.
B. Assessing how IT contributes to organization objectives, risks, and relevance to audit.
C. Maintaining technical aspects of accounting standards and reporting processes.
D. Understanding regulatory and legal framework and assessing its relevance.

Question # 8

To fill a critical vacancy, an internal auditor is assigned temporarily to a nonaudit role in the purchasing department, where she worked previously before joining the internal audit activity. According to IIA guidance, which of the following statements is true regarding these circumstances?

A. The chief audit executive (CAE) should review all work performed by the auditor during her temporary assignment to ensure no impairments.
B. The CAE may conduct audits in the purchasing department during the auditor's temporary assignment.
C. The auditor should obtain the CAE's approval as to the nature and scope of the duties she is permitted to perform during her temporary assignment.
D. Any work performed by the auditor during her temporary assignment must conform to the internal audit charter.

Question # 9

Which of the following are components of the ISO 31000 risk management process?1. Setting the context.2. Risk treatment.3. Risk avoidance.4. Communication.

A. 1 and 2 only.
B. 2 and 3.
C. 3 and 4.
D. 1,2, and 4.

Question # 10

A chief audit executive (CAE) is reviewing the internal audit activity's performance and is concerned that the average number of revisions to findings is steadily rising, making it increasingly difficult to trace the finding to the supporting evidence and workpapers. According to MA guidance, which of the following elements of the internal audit activity's quality assurance and improvement program would provide the CAE with the most helpful insight into the cause of this problem?

A. The overall effectiveness of the internal audit activity's periodic self assessments.
B. The type of audit productivity and performance statistics reported.
C. The adequacy of the day-to-day supervision and review process.
D. The scope and frequency of external assessments.

Question # 11

According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?

A. When planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.
B. Internal auditors determine the engagement objectives, scope, and work program for both assurance and consulting services.
C. Internal auditors must not provide assurance or consulting services for an activity for which they had responsibility within the previous year.
D. Both assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.

Question # 12

Which of the following best describes the details that must be included in the quality assurance and improvement program (QAIP) report to senior management and the board?

A. The scope and frequency of internal and external assessments as well as the qualifications and independence of the assessor.
B. The scope and cost of the QAIP. frequency of internal and external assessments, and conclusions of the assessor.
C. The scope, findings, risks, recommendations, and agreed-upon improvement actions.
D. The number and types of people involved in the assessment, costs, and duration of the QAIP

Question # 13

An internal auditor in a small broadcasting organization was assigned to review the revenue collection process. The auditor discovered that some checks from three customers were never recorded in the organization's financial records. Which of the following documents would be the least useful for the auditor to verify the finding?

A. Bank statements.
B. Customer confirmation letters.
C. Copies of sales invoices.
D. Copies of deposit slips.

Question # 14

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

A. Internal auditors shall perform their work with honesty, diligence, and responsibility.
B. Internal auditors shall perform their work in accordance with the Standards.
C. Internal auditors shall perform their work in accordance with the law and make disclosures expected by the law.
D. Internal auditors shall be prudent in the use of information acquired while performing their work.

Question # 15

Internal audit activity is using the auditing-by-element approach to audit the organization's controls around corporate social responsibility. Which of the following would be an element for the internal audit activity to consider?

A. Working conditions.
B. Employees' families.
C. Marketplace competition.
D. Shareholders and investors.

Question # 16

Which of the following factors have the greatest influence on the independence of the internal audit activity?

A. Quality assessments and cultural biases of the internal audit activity.
B, Rotational assignments and familiarity of the internal audit activity
C. Employee incentives and self review of the internal audit activity.
D. Organizational positioning and scope control of the internal audit activity.

Question # 17

Which of the following situations is most likely to impair internal audit objectivity? 

A. An internal auditor reports both functionally and administratively to the chief financial officer (CFO).
B. An internal auditor, who was an accounts receivable intern for the organization three years prior, performs an audit of the accounts receivable cycle.
C. According to policy, the internal auditor must obtain approval from the CFO prior to requesting information for internal audit purposes.
D. An internal auditor performs an audit in a department that is led by the auditor's close friend.

Question # 18

An internal auditor is using a spreadsheet application to review a cash flow forecast prepared by management. Which of the following correctly identifies the type of evidence this information represents?

A. Competent, corroborative evidence of future working capital requirements.
B. Sufficient, analytical evidence of the cash flow position at a given point of time in the future.
C. Competent, documentary evidence of future cash flow changes within the organization
D. Sufficient, circumstantial evidence of the future solvency of the organization.

Question # 19

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

Question # 20

A headquarters-based internal auditor has been sent to a major overseas subsidiary to conduct various engagements. Initially, the internal auditor spends time to become familiar with local customs and organization's practices while embarking on the first engagement. Which of the following competencies does the internal auditor exercise?

A. Communication.
B. Persuasion and collaboration
C. Business acumen
D. Governance, risk, and control.

Related Exams

Our Clients Say About IIA IIA-CRMA Exam