IIA Certification in Risk Management Assurance : IIA-CRMA-ADV

IIA-CRMA-ADV real exams

Exam Code: IIA-CRMA-ADV

Exam Name: Certification in Risk Management Assurance

Updated: Aug 03, 2026

Q & A: 285 Questions and Answers

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IIA IIA-CRMA-ADV Exam Syllabus Topics:

SectionWeightObjectives
Internal Audit Roles and Responsibilities20%- Coordination
  • 1. Recommend organisationwide risk management strategy
  • 2. Coordinate risk assurance efforts
  • 3. Assist with internal risk assurance mapping
- Roles and competencies
  • 1. Determine assurance and consulting services for risk management
  • 2. Evaluate internal audit independence
  • 3. Assess required knowledge, skills, and competencies
Risk Management Assurance55%- Communication
  • 1. Deliver communications on risk management effectiveness
  • 2. Evaluate responses to key organisational risks
  • 3. Manage audit communication and reporting
- Assurance processes
  • 1. Prioritize audit engagements based on risk assessment
  • 2. Evaluate effectiveness of risk management at all levels
  • 3. Evaluate design and application of risk identification and assessment
- Risk management approach
  • 1. Select data analytics techniques for risk and assurance
  • 2. Evaluate approaches for assessing risk
Risk Management Governance25%- Risk management integration
  • 1. Evaluate management's commitment to risk management
  • 2. Analyze integration into objectives and strategy
  • 3. Examine integrated risk reporting effectiveness
- Governance, risk, and control frameworks
  • 1. Assess application of risk and control frameworks
  • 2. Evaluate governance structure and risk management concepts
  • 3. Assess key elements of risk culture and oversight

IIA Certification in Risk Management Assurance Sample Questions:

1. Which of the following describes a key characteristic related to effective organizational communication?

A) A well-designed system of internal controls.
B) Unique operating environments with varying complexity.
C) A culture of integrity and transparency.
D) Comprehensive supervisory and verification procedures.


2. In which of the following scenarios would a customer service hotline receive a high volume of complaints regarding payments not being applied to customers' accounts?

A) An employee is tampering with customer checks.
B) Invoices are not being mailed to customers.
C) The customer service department is not forwarding complaints to the accounts receivable department.
D) Employees are submitting fraudulent expense reports.


3. An organization has implemented a new automated payroll system that contains a table of pay rates that are matched to employee job classifications. Which control should an internal auditor suggest in order to ensure that the table is updated correctly, and is used only for valid pay changes?

A) Require a manager, who is independent of the system and who cannot change the table, to authorize and sign-off on any employee pay changes.
B) Restrict data-table access from management and line supervisors who have the authority to determine pay rates.
C) Ensure that adequate edit and reasonableness checks are built into the automated system.
D) Require a supervisor in the department, who has the ability to change the table, to compare the changes to a signed management authorization.


4. 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 prepares a memorandum discussing the results of the working paper review.
C) The CAE completes an engagement working paper checklist.
D) The CAE utilizes an external third party to make an objective recommendation after each working paper review.


5. The manager for an organization's accounts payable department resigned her post in that capacity. Three months later, she was recruited to the internal audit activity and has been working with the audit team for the last eight months. Which of the following assignments would the newly hired internal auditor be able to execute without any impairments to independence or objectivity?

A) A consulting engagement related to a new accounts payable optimization initiative.
B) A review of the employees' sports club finances, which are overseen by the chief audit executive.
C) An assurance review for a sales program on which she previously provided consultation.
D) An operations audit of the accounts payable department.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: B

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