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Exam Code: IIA-CRMA-ADV
Exam Name: Certification in Risk Management Assurance
Updated: Jul 09, 2026
Q & A: 285 Questions and Answers
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1. While performing an accounts payable engagement, a senior auditor wants to conduct several tests of controls for travel expenses. Which of the following actions are most appropriate for the senior auditor to undertake?
1. Ensure all tests use a random sampling technique.
2. Consider a judgmental approach for the sample size.
3. Assess testing errors through root cause analysis.
4. Ensure that the entire data set is tested.
A) 1 and 2.
B) 2 and 4.
C) 2 and 3.
D) 1 and 3.
2. Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?
A) Because changes in the organization may impair the internal audit activity's ability to meet its objectives.
B) So that there is assurance of the internal audit staff's proficiency to complete audit activities.
C) So that the individual objectivity of the internal audit staff can be more clearly established.
D) Because management requires the review to measure effectiveness of the internal audit activity.
3. An internal audit team is performing an audit of workplace accident claims.
Which of the following actions by the audit team best demonstrates due professional care?
A) Determining that the claims have been classified properly.
B) Reviewing claims to ensure all accidents actually occurred in the workplace.
C) Having an occupational health officer on the engagement team.
D) Placing reliance on medical reports from the injured worker's doctor.
4. According to IIA guidance, which of the following must the internal auditor consider to meet the requirements for due professional care?
A) The use of innovative technology and data analysis techniques.
B) The training courses necessary to enhance the internal auditor's knowledge, skills, and other competencies.
C) The extent of work needed to achieve the engagement's objectives.
D) The appropriateness of assurance procedures necessary to ensure all significant risks will be identified.
5. According to IIA guidance, which of the following should be formally documented in the internal audit charter?
A) The nature of consulting services provided by the internal audit activity.
B) The internal audit activity's responsibility for the organization's governance framework.
C) The internal audit activity's responsibility for imposing risk management processes.
D) The budgeting process for the internal audit activity.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |
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