Online Access Free IIA-CRMA-ADV Practice Test

According to IIA guidance, which of the following best describes internal auditors' responsibility regarding fraud?

• A.Internal auditors should report all fraud cases to law enforcement agents, in accordance with the Code of Ethics.
• B.Internal auditors are responsible for ensuring that fraud does not occur.
• C.Internal auditors must have sufficient knowledge to evaluate the risk of fraud.
• D.Internal auditors should take a leading role in investigating all fraud-related cases.

According to IIA guidance, which of the following objectives of an assurance engagement for the organization's risk management process is valid?

• A.Risks have been accurately analyzed and evaluated.
• B.The board is appropriately addressing intolerable risks.
• C.All risks have been identified and mitigated.
• D.All controls are both adequate and efficient.

An internal auditor needs to recommend a policy element to be included in an organization's code of ethics.
Which of the following recommendations would be most effective?

• A.Ethical behavior should be incorporated into performance evaluations.
• B.Whistleblowing should be discouraged because it can cause distrust among employees.
• C.Senior management should be granted specific exemptions to the code of ethics.
• D.Ethics should vary with local customs in the organization's foreign operations.

While preparing for an audit of senior management expenses, the chief audit executive (CAE) learns that management is unable to locate a number of original expense claims to support the related disbursements. She decides to defer the engagement until they can be located. Which of the following principles likely guided the CAE's decision?

• A.Independence.
• B.Objectivity.
• C.Proficiency.
• D.Due professional care.

An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

• A.Criteria section.
• B.Effect section.
• C.Condition section.
• D.Cause section.