Free Access IIA.IIA-CRMA.v2022-06-30.q96 Practice Test (Page 8)

Question 31

Evidence discovered during the course of an engagement suggests that multiple incidents of fraud have occurred. There do not appear to be sufficient controls in place to prevent reoccurrence. Which of the following is the internal auditor's most appropriate next step?

A.Discuss the situation with the engagement supervisor to determine whether fraud investigation experts are required to investigate the matter properly.

B.Fully document in the workpapers the evidence that has been discovered and recommend appropriate controls to address the fraud.

C.Provide the evidence that was discovered to local law enforcement for possible prosecution of the suspected fraud.

D.Immediately notify management of the area under review and the other internal auditors involved in the engagement.

Question 32

Which of the following is an example of a risk management avoidance response?

A.Exiting a marketplace.

B.Recalling a product.

C.Outsourcing production.

D.Obtaining product insurance.

Question 33

A staff auditor, nearly finished with an audit engagement, discovers that the director of marketing has a gambling habit. The gambling issue is not directly related to the existing engagement, and there is pressure to complete the current engagement. The auditor notes the problem and forwards the information to the chief audit executive, but performs no further follow-up.
Which of the following statements is true about the auditor's actions?

A.They are in violation of neither the IIA Code of Ethics nor the Standards.

B.They are in violation of the Standards because the auditor did not properly follow up on a red flag that might indicate the existence of fraud.

C.They are not in violation of the Standards but are in violation of the IIA Code of Ethics.

D.They are in violation of the IIA Code of Ethics because the auditor withheld meaningful information.

Question 34

According to IIA guidance, which of the following must the internal auditor consider to meet the requirements for due professional care?

A.The use of innovative technology and data analysis techniques.

B.The extent of work needed to achieve the engagement's objectives.

C.The training courses necessary to enhance the internal auditor's knowledge, skills, and other competencies.

D.The appropriateness of assurance procedures necessary to ensure all significant risks will be identified.

Question 35

Suspecting fraud, the chief financial officer (CFO) asked the internal audit activity to investigate a significant increase in travel related expenditures. Work was performed by a qualified internal auditor. Following the completion of the engagement, the chief audit executive (CAE) reported to the CFO that no violations were found and no fraud had occurred.
According to the Standards, which of the following principles did the CAE violate?

A.Individual objectivity.

B.Due professional care.

C.Organizational independence.

D.Proficiency.

Other Version: 779IIA.IIA-CRMA.v2026-07-03.q97; 2083IIA.IIA-CRMA.v2024-04-20.q105; 2606IIA.IIA-CRMA.v2023-07-05.q92; 72IIA.Prepawaypdf.IIA-CRMA.v2021-11-24.by.todd.105q.pdf

Latest Upload: 156WGU.Introduction-to-IT.v2026-10-03.q47; 222SAP.C_THR81_2605.v2026-10-01.q71; 226Apple.SUP-2026.v2026-10-01.q109; 385CompTIA.N10-009.v2026-10-01.q342; 157Apple.App-Development-with-Swift-Certified-User.v2026-09-30.q14; 215Microsoft.AB-210.v2026-09-30.q53; 244Salesforce.OmniStudio-Consultant.v2026-09-30.q102; 218InsuranceLicensing.Life-and-Accident-and-Health-or-Sickness-Producer-Combo.v2026-09-30.q93; 261Salesforce.Data-Architect.v2026-09-29.q136; 253Huawei.H19-321.v2026-09-29.q100

Question 31

Question 32

Question 33

Question 34

Question 35

Download PDF File