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IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Internal Audit Roles and Responsibilities | 20% | - Roles and competencies
|
| Risk Management Assurance | 55% | - Risk management approach
|
| Risk Management Governance | 25% | - Risk management integration
|
IIA Certification in Risk Management Assurance Sample Questions:
1. Which of the following must be in existence as a precondition to developing an effective system of internal controls?
A) A risk assessment process.
B) An information and communication process.
C) A monitoring process.
D) A strategic objective-setting process.
2. Why are preventative controls generally preferred to detective controls?
A) Because preventive controls identify exceptions after-the-fact, allowing them to be used after the entire review is complete and therefore finding exceptions that detective controls may have missed.
B) Because preventive controls include output procedures, which cover the full range of possible reviews, reconciliations and analysis.
C) Because preventive controls promote doing the right thing in the first place, and lessen the need for corrective action.
D) Because preventive controls are more sensitive and identify more exceptions than detective controls.
3. Which of the following types of fraud includes embezzlement?
A) Fraudulent statements.
B) Corruption.
C) Bribery.
D) Misappropriation of assets.
4. Which of the following techniques would best assist an internal auditor in evaluating the efficiency of a wholesale grocery distributor`s process to fill and package orders for shipping?
A) A program evaluation and review technique chart.
B) Decision trees rating actual performance against requirements.
C) Queuing theory to assess potential bottlenecks in the process.
D) A Bedford analysis of orders filled to average delivery times.
5. According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?
A) Both assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.
B) Internal auditors determine the engagement objectives, scope, and work program for both assurance and consulting services.
C) When planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.
D) Internal auditors must not provide assurance or consulting services for an activity for which they had responsibility within the previous year.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: C | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: C |


