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IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Internal Audit Roles and Responsibilities | 20% | - Coordination
|
| Risk Management Assurance | 55% | - Communication
|
| Risk Management Governance | 25% | - Risk management integration
|
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 |






