Free Access IIA.IIA-CRMA.v2023-07-05.q92 Practice Test (Page 7)

Question 26

Which of the following does not need to be defined in the internal audit charter?

A.Management and the board of directors' agreement regarding the roles and responsibilities of the internal audit activity.

B.The internal audit activity's position within the organization.

C.The audit engagements to be performed during the upcoming year.

D.The scope of internal audit activities.

Question 27

An accounts receivable clerk receives cash payments, posts the payments to customer accounts, and prepares the daily cash deposit.
The clerk has been stealing some cash and manipulating the customer payments to hide the theft.
This fraud could be detected with which of the following controls?

A.Total cash deposits for the month are reconciled to the cash receipts journal.

B.Monthly bank reconciliations are performed by the clerk on a timely basis.

C.Names, amounts, and dates on remittance advices are reconciled with the names, amounts, and dates recorded in the cash receipts journal.

D.Total cash deposits are compared with the bank reconciliation.

Question 28

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.Restrict data-table access from management and line supervisors who have the authority to determine pay rates.

B.Require a supervisor in the department, who has the ability to change the table, to compare the changes to a signed management authorization.

C.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.

D.Ensure that adequate edit and reasonableness checks are built into the automated system.

Question 29

The director of purchasing, a certified internal auditor (CIA), signs a contract to procure a large order from a supplier whose products provide the best price, quality, and performance. A few days after signing the contract, the supplier presents the CIA with $1, 000 as a gift. Which statement regarding acceptance of the money is correct?

A.Accepting the money would violate the IIA Code of Ethics.

B.Because the CIA is not acting as an internal auditor, accepting the money would be governed only by the organization's code of conduct.

C.Accepting the money would be prohibited only if it were non-customary.

D.Because the contract was signed before the money was offered, accepting the money would not violate the IIA Code of Ethics.

Question 30

In which of the following functions would fraud be most likely to occur?

A.Preparing customer statements.

B.Maintaining custody of inventory records.

C.Approving changes to employee records.

D.Collecting payments on accounts.

Premium Bundle

Newest IIA-CRMA Exam PDF Dumps shared by BraindumpsPass.com for Helping Passing IIA-CRMA Exam! BraindumpsPass.com now offer the updated IIA-CRMA exam dumps, the BraindumpsPass.com IIA-CRMA exam questions have been updated and answers have been corrected get the latest BraindumpsPass.com IIA-CRMA pdf dumps with Exam Engine here:

Access IIA-CRMA Premium Version

(285 Q&As Dumps, 40%OFF Special Discount: Exam-Tests)

Other Version: 1889IIA.IIA-CRMA.v2024-04-20.q105; 3698IIA.IIA-CRMA.v2022-06-30.q96; 72IIA.Prepawaypdf.IIA-CRMA.v2021-11-24.by.todd.105q.pdf

Latest Upload: 450PaloAltoNetworks.NGFW-Engineer.v2026-05-01.q43; 589Nokia.4A0-113.v2026-05-01.q69; 623EC-COUNCIL.312-49v11.v2026-04-30.q214; 606Microsoft.MB-820.v2026-04-30.q101; 440Salesforce.MC-202.v2026-04-30.q57; 483BICSI.INSTC_V8.v2026-04-29.q53; 594NMLS.MLO.v2026-04-28.q82; 404NCARB.Project-Management.v2026-04-28.q27; 773EMC.D-AV-DY-23.v2026-04-27.q184; 1999ServiceNow.CSA.v2026-04-27.q483