Online Access Free IIA-CRMA-ADV Exam Questions

An internal auditor would like to identify the involvement of various organizational units in handling employee travel reimbursement claims. Which of the following methods would be most effective and efficient in completing this task?

• A.Monitoring.
• B.Distributing questionnaires.
• C.Process mapping.
• D.Interviewing.

Which of the following controls is not appropriate for sales in a manufacturing organization?

• A.Sales department approval is required for credit sales transactions.
• B.Goods returned are inspected for damage by the receiving department for proper disposition.
• C.Goods shipped are matched with valid customer orders.
• D.Customers' orders are recorded promptly.

Which of the following scenarios best illustrates a rationalization as the root cause of potential fraud?

• A.The controller at a nationwide manufacturing company recently opted to no longer require two-week mandatory vacations for accounting staff.
• B.Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.
• C.Security cameras that monitor cash handling at the register are not functioning.
• D.The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff.

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

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

What is the additional advantage of facilitated workshops, in comparison with structured interviews, used when testing the effectiveness of entity-level controls?

• A.Internal auditors do not need other sources of information, as the data gathered during facilitated workshops is sufficient.
• B.The testimonial evidence obtained during facilitated workshops is generally considered more reliable.
• C.During facilitated workshops, people more openly say things to internal auditors than during private interviews.
• D.Facilitated workshops create a synergy of discussion that can bring multiple perspectives to the same issue.