Free Practice IIA IIA-CRMA-ADV Exam Questions 2025

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Total 283 Questions | Updated On: Apr 08, 2025

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Question 1

Which of the following best demonstrates the authority of the internal audit activity?

A : Suggesting alternatives to decision makers.

B : Improving the integrity of information.

C : Determining the scope of internal audit services.

D : Achieving engagement objectives.

Answer: C

Question 2

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 3

Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?

A : The CAE initials and dates every working paper after it has been reviewed.

B : The CAE completes an engagement working paper checklist.

C : The CAE prepares a memorandum discussing the results of the working paper review.

D : The CAE utilizes an external third party to make an objective recommendation after each working paper review.

Answer: D

Question 4

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

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

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

C : A manager regularly assumes subordinates' duties.

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

Answer: C

Question 5

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 : Move the CAE's functional reporting to an executive who is not on the board.

C : Obtain full board approval of the internal audit activity's annual audit plan.

D : Move the CAE's functional reporting to the audit committee.

Answer: D

Page: 1 / 57

Total 283 Questions | Updated On: Apr 08, 2025

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