Most Recent IIA-CRMA Exam Dumps

Prepare for the IIA Certification in Risk Management Assurance (CRMA) Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-CRMA exam and achieve success.

The questions for IIA-CRMA were last updated on Mar 29, 2025.

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Question No. 1

An internal audit manager of a furniture manufacturing organization is planning an audit of the procurement process for kiln-dried wood. The procurement department maintains six procurement officers to manage 24 different suppliers used by the organization.

Which of the following controls would best mitigate the risk of employees receiving kickbacks from suppliers?

AThe periodic rotation of procurement officers' assignments to supplier accounts.

BA pre-award financial capacity analysis of suppliers.

CAn automated computer report, organized by supplier, of any invoices for the same amount.

DPeriodic inventories of kiln-dried wood at the organization's warehouse.

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Correct Answer: A

Question No. 2

Which of the following is an example of a detective control?

AAutomatic shut-off valve.

BAuto-correct software functionality.

CConfirmation with suppliers and vendors.

DSafety instructions.

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Correct Answer: C

Question No. 3

Non-statistical sampling does not require which of the following?

AThe sample to be representative of the population.

BThe sample to be selected haphazardly.

CA smaller sample size than if selected using statistical sampling.

DProjecting the results to the population.

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Correct Answer: C

Question No. 4

When an internal auditor applies due professional care to perform an assurance engagement, which of the following must she consider?

1. Findings of the last audit engagement performed.

2. Probability of significant errors, irregularities, or noncompliance.

3. Extent of work needed to achieve engagement objectives.

4. Cost of the engagement versus the potential benefits.

A1 and 4 only

B2 and 3 only

C2, 3, and 4 only

D1, 2, 3, and 4

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Correct Answer: C

Question No. 5

Why are preventative controls generally preferred to detective controls?

ABecause preventive controls promote doing the right thing in the first place, and lessen the need for corrective action.

BBecause preventive controls are more sensitive and identify more exceptions than detective controls.

CBecause preventive controls include output procedures, which cover the full range of possible reviews, reconciliations and analysis.

DBecause preventive controls identify exceptions after-the-fact, allowing them to be used after the entire review is complete and therefore finding exceptions that detective controls may have missed.

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Correct Answer: A

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