Online Access Free IIA-CRMA Exam Questions

Which of the following is a detective control strategy against fraud?

• A.Performing background checks on employees.
• B.Performing a surprise audit.
• C.Implementing a control self-assessment.
• D.Requiring employees to attend ethics training.

According to IIA guidance, which of the following statements is true when an internal auditor performs consulting services that improve an organization's operations?

• A.The services must not be performed by the same internal auditor who performed assurance services, in order to maintain objectivity.
• B.The services may preclude assurance services from the consulting engagement.
• C.The services must be aligned with those defined in the internal audit charter.
• D.The services impose no responsibility to communicate information other than to the engagement client.

A snow removal company is conducting a scenario planning exercise where participating employees consider the potential impacts of a significant reduction in annua snowfall for the coming winter. Which of the following best describes this type of risk?

• A.Net.
• B.Residual.
• C.Inherent.
• D.Accepted.

A large trucking organization wants to reduce traffic accidents by improving its system of internal controls.
Which of the following controls is correctly classified?
1. Review of speeding violations to identify repetitive locations and drivers is an example of a preventive control.
2. Defensive driver training is an example of a directive control.
3. The installation of tracking devices in delivery vehicles is an example of a corrective control.
4. Providing a vehicle driver handbook is an example of a detective control.

• A.2 and 3.
• B.1 and 2.
• C.1 and 4.
• D.3 and 4.

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