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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: Nov 08, 2025
  • Q & A: 285 Questions and Answers
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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 is most likely to enhance an internal auditor's objectivity?

A) An auditor is appropriately able to communicate results.
B) An auditor performs his work free from interference.
C) An auditor avoids conflicts of interest.
D) An auditor is unrestricted in determination of scope.


2. Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?

A) Because changes in the organization may impair the internal audit activity's ability to meet its objectives.
B) Because management requires the review to measure effectiveness of the internal audit activity.
C) So that there is assurance of the internal audit staff's proficiency to complete audit activities.
D) So that the individual objectivity of the internal audit staff can be more clearly established.


3. An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

A) Condition section.
B) Criteria section.
C) Effect section.
D) Cause section.


4. Which of the following is true regarding the use of a formal risk management framework?
1. It facilitates a methodical approach to risk mitigation.
2. It defines and standardizes the terminology used in risk communication.
3. It establishes the risk tolerance levels to be accommodated in the strategy.
4. It facilitates the alignment of risk mitigation strategies with management priorities.

A) 1.2, and 3.
B) 1,2, and 4.
C) 2. 3, and 4.
D) 1.3, and 4.


5. According to the Standards, which of the following best describes why initial audit test results should be reported to the auditor-in-charge prior to advising management?

A) It increases the likelihood of obtaining the audit client's agreement with the results.
B) It ensures that an appropriate chain of evidence is maintained through the workpapers.
C) It is required to demonstrate that effective engagement supervision has occurred.
D) It helps ensure that appropriate professional judgments and conclusions are made.


Solutions:

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

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