Free Access IIA.IIA-CRMA.v2026-07-03.q97 Practice Test (Page 11)

Question 46

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

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

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 47

Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

A.Governance, risk, and control.

B.Internal audit delivery.

C.Business acumen.

D.Performance management.

Question 48

Which of the following scenarios best illustrates a rationalization as the root cause of potential fraud?

A.The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff.

B.Security cameras that monitor cash handling at the register are not functioning.

C.The controller at a nationwide manufacturing company recently opted to no longer require two-week mandatory vacations for accounting staff.

D.Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.

Question 49

Which of the following describes a key characteristic related to effective organizational communication?

A.Unique operating environments with varying complexity.

B.A well-designed system of internal controls.

C.Comprehensive supervisory and verification procedures.

D.A culture of integrity and transparency.

Question 50

Which of the following is a detective control strategy against fraud?

A.Implementing a control self-assessment.

B.Performing a surprise audit.

C.Requiring employees to attend ethics training.

D.Performing background checks on employees.

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Question 46

Question 47

Question 48

Question 49

Question 50

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