- Exam Code: IIA-CRMA-ADV
- Exam Name: Certification in Risk Management Assurance
- Certification Provider: IIA
- Corresponding Certification:CRMA Certification
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IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Risk Management Assurance | 55% | - Risk management approach
|
| Topic 2: Internal Audit Roles and Responsibilities | 20% | - Roles and competencies
|
| Topic 3: Risk Management Governance | 25% | - Governance, risk, and control frameworks
|
IIA Certification in Risk Management Assurance Sample Questions:
Which of the following options is the most cost-effective and efficient way for internal auditors to keep current with the latest developments in the internal audit profession?
- A. Attending annual professional conferences and seminars.
- B. Participating in on-the-job training in various departments of the organization.
- C. Pursuing as many professional certifications as possible.
- D. Maintaining membership in The HA and similar professional organizations and subscribing to relevant email updates or news feeds.
Correct Answer: D 🗳️
Which of the following is an activity that an internal auditor must not perform?
- A. Assess the risk of being fined for ineffective anti-money laundering practices.
- B. Establish and provide continuing assurance on an anti-money laundering program for new hires.
- C. Provide assurance for the effectiveness of anti-money laundering training.
- D. Survey employees for their understanding of anti-money laundering practices.
Correct Answer: B 🗳️
Internal auditors must exercise due professional care by considering which of the following?
1. Cost of assurance in relation to potential benefits.
2. Adequacy and effectiveness of governance, risk management, and control processes.
3. Management's competency level in the area being evaluated.
4. Probability of significant errors, fraud, or noncompliance.
- A. 1 and 2 only
- B. 1, 2, and 4 only
- C. 1, 2, and 3 only
- D. 2, 3, and 4 only
Correct Answer: B 🗳️
Which of the following is an example of a transaction-level control?
- A. Inventory counts.
- B. Tone at the top.
- C. Reconciliations of primary accounts.
- D. Human resource policies.
Correct Answer: C 🗳️
Which of the following describes a key characteristic related to effective organizational communication?
- A. A well-designed system of internal controls.
- B. Unique operating environments with varying complexity.
- C. Comprehensive supervisory and verification procedures.
- D. A culture of integrity and transparency.
Correct Answer: A 🗳️
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