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

IIA-CRMA-ADV Exam Simulator
  • Exam Code: IIA-CRMA-ADV
  • Exam Name: Certification in Risk Management Assurance
  • Updated: Oct 23, 2026
  • Q & A: 285 Questions and Answers
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IIA IIA-CRMA-ADV exam simulator

IIA IIA-CRMA-ADV Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Internal Audit Roles and Responsibilities20%- International Professional Practices Framework (IPPF)
- Standards and Code of Ethics
- Role in governance and risk management
- Independence and objectivity
Topic 2: Risk Management Assurance55%- Emerging and strategic risks
- Monitoring and reporting
- Risk response and mitigation strategies
- Assurance mapping and coordination
- Risk identification and assessment
Topic 3: Risk Management Governance25%- COSO, ISO 31000 and other standards
- Roles of board, audit committee and management
- Governance frameworks and structures
- Risk culture and appetite

IIA Certification in Risk Management Assurance Sample Questions:

Question #1

Which of the following actions should an internal auditor take to exercise due professional care?
1. Consider the probability of significant noncompliance in each audit engagement.
2. Weigh the cost of assurance against the benefits.
3. Perform assurance procedures with sufficient care to ensure that all risks are identified.

  • A. 1 and 2 only
  • B. 1 and 3 only
  • C. 2 and 3 only
  • D. 1, 2, and 3
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #2

A headquarters-based internal auditor has been sent to a major overseas subsidiary to conduct various engagements. Initially, the internal auditor spends time to become familiar with local customs and organization's practices while embarking on the first engagement. Which of the following competencies does the internal auditor exercise?

  • A. Governance, risk, and control.
  • B. Communication.
  • C. Persuasion and collaboration.
  • D. Business acumen.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

  • A. Completing a process review to improve controls to prevent fraud.
  • B. Planning an engagement of the area in which fraud is suspected.
  • C. Interrogating a suspected fraudster.
  • D. Employing audit tests to detect fraud.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #4

While performing an accounts payable engagement, a senior auditor wants to conduct several tests of controls for travel expenses. Which of the following actions are most appropriate for the senior auditor to undertake?
1. Ensure all tests use a random sampling technique.
2. Consider a judgmental approach for the sample size.
3. Assess testing errors through root cause analysis.
4. Ensure that the entire data set is tested.

  • A. 1 and 3.
  • B. 1 and 2.
  • C. 2 and 4.
  • D. 2 and 3.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

Which of the following scenarios best illustrates a rationalization as the root cause of potential fraud?

  • A. Security cameras that monitor cash handling at the register are not functioning.
  • B. Managers who have been with the organization for several decades become aware that newly hired, younger managers are being moved more quickly into senior positions.
  • C. The controller at a nationwide manufacturing company recently opted to no longer require two-week mandatory vacations for accounting staff.
  • D. The organization is slowly phasing out three mature products that produce the highest commissions for the sales staff.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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