2025 Valid IIA-CRMA Real Exam Questions (Updated) 100% Dumps & Practice Exam

[UPDATED 2025] IIA IIA-CRMA Questions Prepare with Free Demo of PDF

The Certification in Risk Management Assurance (CRMA) is a certification offered by the Institute of Internal Auditors (IIA) for professionals who are interested in pursuing a career in risk management. Certification in Risk Management Assurance (CRMA) Exam certification is designed to provide a comprehensive understanding of risk management principles and practices, as well as the skills necessary to effectively manage risks in an organization.

The CRMA certification exam is a comprehensive exam that assesses an individual’s knowledge and skills in risk management assurance. IIA-CRMA exam is divided into four domains: Risk management governance, Risk management assurance, Risk management control, and Risk management consulting. IIA-CRMA exam consists of 100 multiple-choice questions and must be completed within two hours and thirty minutes. IIA-CRMA exam is available in both English and Spanish.

The CRMA exam is a comprehensive assessment that covers a wide range of topics related to risk management assurance. IIA-CRMA exam is divided into four main domains: Risk Management Governance, Risk Management Assurance, Risk Management Consulting, and Fraud Risk Management. Each domain covers specific topics, such as risk assessment, risk response, risk monitoring, internal control, and fraud detection. IIA-CRMA exam is designed to test the candidate's knowledge, skills, and abilities in these areas.

 

NEW QUESTION # 66
A chief audit executive (CAE) reports functionally to the CEO and administratively to the chief financial officer, both of whom serve on the company's board of directors. According to IIA guidance, which of the following would offer the greatest protection for the independence of the internal audit activity?

• A. Move the CAE's functional reporting to an executive who is not on the board.
• B. Obtain full board approval of the internal audit activity's annual audit plan.
• C. Move the CAE's functional reporting to the audit committee.
• D. Appoint the CAE as a member of the board.

Answer: C

NEW QUESTION # 67
According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?

• A. Report of internal assessment results, response plans, and outcomes.
• B. Analysis of performance metrics such as cycle times.
• C. Self-assessments and surveys of stakeholder groups.
• D. Benchmarking of the internal audit activity's practices and performance.

Answer: B

NEW QUESTION # 68
Which of the following types of social responsibilities is voluntary and guided purely by the organization's desire to make social contributions?

• A. Ethical responsibility.
• B. Discretionary responsibility.
• C. Innovative responsibility.
• D. The bottom of the pyramid responsibility.

Answer: A

NEW QUESTION # 69
Which of the following is most likely to function as a directive control?

• A. Cycle counts.
• B. Alert employees.
• C. Insurance claims.
• D. Security dogs.

Answer: B

NEW QUESTION # 70
What is the purpose of a secondary control?

• A. It replaces primary controls that are either ineffective or cannot fully mitigate a risk.
• B. lt combines with other controls to help reduce significant risk exposures to an acceptable level.
• C. It helps to ensure the completeness and accuracy of automated controls in a system environment.
• D. It partially reduces the residual risk level when a key control does not operate effectively.

Answer: B

NEW QUESTION # 71
Which of the following is the most significant disadvantage of using checklists to evaluate internal controls?

• A. They are useful in assessing risk.
• B. They do not capture all controls that may exist.
• C. They serve as a reminder of what controls should exist in a process.
• D. They require yes/no responses to specific questions, not open-ended responses.

Answer: B

NEW QUESTION # 72
While reviewing first quarter sales transactions, an internal auditor discovered that 10 invoices for a new customer had not been posted into the accounts receivable subsidiary ledger. Those 10 invoices were listed in an error report automatically generated by the sales processing system. The system had rejected the invoices because the customer's account number was not found in the customer master file. In this scenario, which of the following controls was lacking?

• A. Preventive control.
• B. Corrective control.
• C. Detective control.
• D. Directive control.

Answer: B

NEW QUESTION # 73
Sometimes, internal audit staff may partner with operating managers to rank risks. Which of the following outcomes may be the most beneficial aspects of this strategy?
1. Reappraising risks levels.
2. Providing accurate information to management.
3. Marketing the internal audit activity.
4. Planning safeguards for assets in high-risk areas.

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

Answer: B

NEW QUESTION # 74
An internal auditor in a small broadcasting organization was assigned to review the revenue collection process.
The auditor discovered that some checks from three customers were never recorded in the organization's financial records. Which of the following documents would be the least useful for the auditor to verify the finding?

• A. Bank statements.
• B. Copies of sales invoices.
• C. Copies of deposit slips.
• D. Customer confirmation letters.

Answer: C

NEW QUESTION # 75
Which of the following is not an objective of internal control?

• A. Validation.
• B. Efficiency.
• C. Accuracy.
• D. Compliance.

Answer: A

NEW QUESTION # 76
An internal auditor uses a predefined macro provided in a popular spreadsheet application to verify the present value of the organization's investments. Which of the following is the most appropriate course of action regarding the auditor's use of this functionality?

• A. The auditor should review the programming of the macro before its use to ensure that it is appropriate for the required calculations.
• B. The auditor should accept the calculations generated by the function, as any further work or documentation would be inefficient.
• C. The auditor should tabulate the results in the spreadsheet to ensure the macro has generated the correct results for all calculations.
• D. The auditor should perform a manual recalculation of several results to validate and document the results.

Answer: D

NEW QUESTION # 77
As a matter of policy, the chief audit executive routinely rotates internal audit staff assignments and periodically interviews the staff to discuss the potential for conflicts of interest. These actions help fulfill which of the following internal audit mandates?

• A. Due professional care.
• B. Professional objectivity.
• C. Organizational independence.
• D. Individual proficiency.

Answer: B

NEW QUESTION # 78
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. Participating in on-the-job training in various departments of the organization.
• B. Pursuing as many professional certifications as possible.
• C. Maintaining membership in The HA and similar professional organizations and subscribing to relevant email updates or news feeds.
• D. Attending annual professional conferences and seminars.

Answer: C

NEW QUESTION # 79
Which of the following would provide the best guidance to a chief audit executive who is setting internal audit staff requirements?

• A. The results of the audit staff's most recent performance reviews.
• B. Results from discussions of audit needs with executive management and the audit committee.
• C. Information about the audit staff size and composition of comparable organizations.
• D. A review of audit staff education and training records.

Answer: B

NEW QUESTION # 80
What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

• A. To help the internal audit activity complete its annual assurance plan.
• B. To help improve the overall quality of the internal audit activity's work.
• C. To identify key risks and areas of concern within the organization.
• D. To identify inefficiencies within the internal audit team.

Answer: B

NEW QUESTION # 81
During the course of an audit, an internal auditor discovers that a valuable employee in the research department has been patenting new developments in the employee's name that are unrelated to the basic business of the organization.
The organization does not have a policy addressing this specific issue, but does have a general policy that all important new discoveries by employees are the property of the organization.
Division management views the employee's actions as extra incentive to retain the employee.
A decision to include the employee's action in the engagement final communication would be:
1. A violation of the IIA Code of Ethics.
2. A violation of the reporting requirements in the Standards.
3. Justified and necessary, according to the IIA Code of Ethics and Standards.

• A. 2 only
• B. 1 and 2 only
• C. 1 only
• D. 3 only

Answer: D

NEW QUESTION # 82
Which of the following is a valid statement about the use of visual observations during an audit engagement?
1. Visual observations can be used to detect ineffective controls, idle resources, and safety hazards.
2. Visual observations can be used during both preliminary survey and fieldwork stages of the audit engagement.
3. Visual observations can provide unsubstantiated facts to management if the internal auditor believes the information is useful.
4. Visual observations can assist an auditor in determining if a material observation should be communicated through informal means to the organization's senior management.

• A. 2 and 3 only
• B. 3 and 4 only
• C. 1 and 4 only
• D. 1 and 2 only

Answer: D

NEW QUESTION # 83
A large trucking organization wants to reduce traffic accidents by improving its system of internal controls.
Which of the following controls is correctly classified?
1. Review of speeding violations to identify repetitive locations and drivers is an example of a preventive control.
2. Defensive driver training is an example of a directive control.
3. The installation of tracking devices in delivery vehicles is an example of a corrective control.
4. Providing a vehicle driver handbook is an example of a detective control.

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

Answer: C

NEW QUESTION # 84
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