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IIA Certification in Risk Management Assurance - IIA-CRMA-ADV real prep

IIA-CRMA-ADV
  • Exam Code: IIA-CRMA-ADV
  • Exam Name: Certification in Risk Management Assurance
  • Updated: Jul 12, 2025
  • Q & A: 285 Questions and Answers
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  • IIA IIA-CRMA-ADV Value Pack

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About IIA IIA-CRMA-ADV: Certification in Risk Management Assurance

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IIA Certification in Risk Management Assurance Sample Questions:

1. Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?

A) CAE certification.
B) Organizational knowledge and skills.
C) Organizational status and objectivity.
D) Supervision of the chief audit executive (CAE) by senior management.


2. An assurance mapping exercise helps an organization do which of the following?
1. Provide assurance to stakeholders that risks are managed and reported, and regulatory and legal obligations are met.
2. Fulfill best practices in the industry.
3. Identify and address any gaps in the risk management process.
4. Identify fraud.

A) 2 and 3.
B) 1 and 4.
C) 3 and 4.
D) 1 and 3.


3. A furniture manufacturer has installed a new fire sprinkler system at its central warehouse and canceled the existing fire insurance policy on that property. What change of risk response strategy does this course of action most likely reflect?

A) From acceptance to reduction.
B) From sharing to avoidance.
C) From acceptance to avoidance.
D) From sharing to reduction.


4. Which type of objectives can best be described as broad goals that promote the effective and efficient use of resources?

A) Operational objectives.
B) Reporting objectives.
C) Strategic objectives.
D) Compliance objectives.


5. Which of the following is most likely to be considered a control weakness?

A) Department managers initiate purchase requests that must be approved by the plant superintendent.
B) Buyers promptly update the official vendor listing as new supplier sources become known.
C) Purchase orders are typed by the purchasing department using prenumbered forms.
D) Vendor invoice payment requests are accompanied by a purchase order and receiving report.


Solutions:

Question # 1
Answer: C
Question # 2
Answer: D
Question # 3
Answer: D
Question # 4
Answer: A
Question # 5
Answer: B

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