Free IIA-CRMA-ADV Exam Questions - Easiest Way for Success

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Total 283 Questions | Updated On: Sep 14, 2024

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Question 1

According to IIA guidance, which of the following is not a responsibility of the chief audit executive pertaining to documenting information to support internal audit engagement results and conclusions?

A : Rating each engagement record to assess its relevance and accessibility for the organization's board.

B : Controlling access to engagement records, including access by senior management.

C : Developing retention requirements for engagement records that are consistent with organizational guidelines.

D : Forming policies governing the custody and retention of consulting engagement records before their release to other parties.

Answer: A

Question 2

An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?

A : The purpose of the IAA.

B : The IAA's right to have unrestricted access to functions, records, personnel, and physical property.

C : A detailed audit plan or program for the year.

D : The job specifications and descriptions of the internal audit staff.

Answer: B

Question 3

Which of the following would not be considered part of preliminary survey of an engagement area?

A : Interviews with individuals affected by the entity.

B : Functional walk through test.

C : Analytical reviews.

D : Sampling scope.

Answer: D

Question 4

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

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

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

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

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

Answer: B

Question 5

Which of the following is not an appropriate activity for internal auditors to perform?

A : Recommend management seek a consulting firm to advise on outsourcing.

B : Highlight matters that require management's attention.

C : Implement solutions for specific organizational problems.

D : Accumulate data, obtain varying views, and report information to senior management.

Answer: C

Page: 1 / 57

Total 283 Questions | Updated On: Sep 14, 2024

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