[Q95-Q118] IIA-CRMA Actual Questions 100% Same Braindumps with Actual Exam!

QUESTION 95
During an internal audit, an organization’s processing department is found to have incidences of both duplicate invoices and notices from customers that purchased goods were not received. The department under review insists that some of these reports are false and that others were isolated oversights due to understaffing.
Which of the following tests would best help the internal auditor detect fraudulent activity?

QUESTION 96
When conducting an interview, an internal auditor is most likely to ask open-ended questions in order to:

QUESTION 97
According to IIA guidance, which of the following objectives of an assurance engagement for the organization’s risk management process is valid?

QUESTION 98
Which of the following is the best way to detect fraud?

QUESTION 99
After being terminated due to downsizing, an internal auditor finds a different job with an organization in the same industry. Which of the following actions would violate the IIA Code of Ethics?

QUESTION 100
An internal auditor is reviewing employee travel data to identify opportunities to cut costs while ensuring adequate participation at conferences to support the organization’s mission. Which of the following pieces of evidence would be sufficient for completing this task?

QUESTION 101
According to IIA guidance, which of the following external groups is most likely to represent a liability risk, based on activities associated with the organization’s corporate social responsibility program?

QUESTION 102
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.

QUESTION 103
According to The MA Global Internal Audit Competency Framework, which of the following areas of training would best assist the internal audit activity in improving its use of tools and techniques?

QUESTION 104
Who is responsible for setting the risk appetite?

QUESTION 105
Which of the following is the most common way that occupational fraud is detected?

QUESTION 106
What is the additional advantage of facilitated workshops, in comparison with structured interviews, used when testing the effectiveness of entity-level controls?

QUESTION 107
An internal auditor makes a series of observations when performing an analytical review of division operations. The auditor notes the following things: the current ratio is increasing and the quick ratio is decreasing, sales and current liabilities have remained constant, and the number of day sales in inventory is increasing. Which conclusion should the auditor draw from this data?

QUESTION 108
Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?

QUESTION 109
According to IIA guidance, which of the following is ultimately responsible for seeing that the internal control system of an organization’s social responsibility program is effective?

QUESTION 110
If an engagement client disputes that a specific action or process is within the scope of the internal audit activity, what would be the most appropriate way for the internal audit activity (IAA) to respond?

QUESTION 111
According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?

QUESTION 112
A manufacturing line supervisor joins the internal audit activity for a two-year rotational job assignment and is assigned to an accounts receivable audit. With regard to this assignment, which of the following should be the primary concern of the audit manager?

QUESTION 113
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?

QUESTION 114
According to IIA guidance, which of the following best describes processes and tools typically used in ongoing internal assessments?

QUESTION 115
Which of the following documents is most appropriate in promoting the objectivity of the internal audit activity?

QUESTION 116
According to IIA guidance, which of the following practices by the chief audit executive (CAE) best enhances the organizational independence of the internal audit activity?

QUESTION 117
A chief audit executive (CAE) learns that the brother-in-law of a senior auditor who audits the procurement process was hired as the head of the procurement department six months prior. Which of the following is the most appropriate action for the CAE to take?

QUESTION 118
Which of the following would most likely be considered a red flag for fraud?