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 Feb 20, 2025.

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Question No. 1

According to COSO, which of the following describes a principle related to the control environment?

AThe organization identifies and assesses changes that could significantly impact the system of internal control.

BThe organization establishes appropriate authorities and responsibilities in the pursuit of objectives.

CThe organization selects and develops control activities that contribute to the mitigation of risks.

DThe organization performs evaluations to ascertain whether internal control components are present and functioning.

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Correct Answer: B

Question No. 2

A government agency maintains a system of internal control, according to the COSO model, and has made a change to its employee performance reviews and rewards program. This change relates to which of the following components of COSO's internal control framework?

AControl environment.

BControl activities.

CInformation and communication.

DMonitoring activities.

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Correct Answer: A

Question No. 3

According to IIA guidance, when preparing the charter for the internal audit activity, the chief audit executive (CAE), board, and senior management should agree on which of the following?

1. The standards to be used by the internal audit activity.

2. The internal audit activity's code of ethics.

3. The CAE's reporting line.

4. The internal audit activity's responsibilities.

A4 only.

B1 and 2 only.

C3 and 4.

D1,2, and 3.

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Correct Answer: C

Question No. 4

Management is developing and implementing a risk and control framework for use throughout the organization. Which of the following elements should be included in the organization's control framework?

1. Appropriate levels of authority and responsibility.

2. Supervision of staff and appropriate review of work.

3. The seniority of management in the organization.

4. The ability to trace each transaction to an accountable and responsible individual.

A1,2, and 3.

B1.2, and 4.

C1.3, and 4.

D2, 3, and 4.

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Correct Answer: D

Question No. 5

Which of the following is a second line of defense in effective risk management and control?

APurchasing department.

BCompliance department.

CCredit department.

DInternal audit department.

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Correct Answer: B

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