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IIA-CRMA Exam Dumps - Certification in Risk Management Assurance (CRMA) Exam

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Question # 17

Faced with a complex, highly technical construction audit engagement, the chief audit executive (CAE) considered complementing the current internal audit resources by engaging the services of a civil engineer.

Which of the following should the CAE consider in determining whether the engineer possesses the necessary skills to perform the engagement?

1. Professional certification, license, or other recognition of the engineer's competence in the relevant discipline.

2. Experience of the engineer in the type of work being considered.

3. Compensation or other incentives that the engineer may receive.

4. The extent of other ongoing services that the engineer may be performing for the organization.

A.

1 and 4 only

B.

2 and 3 only

C.

3 and 4 only

D.

1, 2, and 4 only

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Question # 18

A medical insurance provider uses an electronic claims-submission process and suspects that a number of physicians have submitted claims for treatments that were not performed. Which of the following control procedures would be most effective to detect this type of fraud?

A.

Require the physician to submit a signed statement attesting that the treatments had been performed.

B.

Send confirmations to the physicians, requesting them to verify the exact nature of the claims submitted to the insurance provider.

C.

Develop an integrated test facility and submit false claims to verify that the system is detecting such claims on a consistent basis.

D.

Use computer software to identify abnormal claims based on the insured's age and medical history.

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Question # 19

When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?

1. Subsequent change orders increase requirements for low-bid items.

2. Material contract requirements are different on the actual contract than on the request for bids.

3. A high percentage of employees are charged to indirect accounts.

4. Losing bidders are hired as subcontractors.

A.

1 only

B.

2 only

C.

1 and 3.

D.

2 and 4.

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Question # 20

Which of the following items should the chief audit executive disclose to senior management regarding the results of the internal audit activity's quality assessments?

A.

The internal audit activity's plan for resource allocation.

B.

The amount of the organization's potential loss prevented by the risk-based auditing of the internal audit activity.

C.

The number of audits from the annual internal audit plan that were completed last year.

D.

The qualifications and independence of the assessment Team.

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Question # 21

According to IIA guidance, which of the following statements describes one of the similarities between assurance and consulting services?

A.

When planning assurance and consulting engagements, internal auditors must consider the strategies and objectives of the activity being reviewed.

B.

Internal auditors determine the engagement objectives, scope, and work program for both assurance and consulting services.

C.

Internal auditors must not provide assurance or consulting services for an activity for which they had responsibility within the previous year.

D.

Both assurance and consulting services generally involve the internal auditor, the area under review, senior management, and the board.

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Question # 22

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

A.

The bottom of the pyramid responsibility.

B.

Innovative responsibility.

C.

Ethical responsibility.

D.

Discretionary responsibility.

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Question # 23

Which of the following actions does not violate the IIA Code of Ethics or Standards?

A.

An internal auditor performing an audit on an operation that they managed less than a year ago.

B.

An internal auditor performing an audit on procedures that they were responsible for creating.

C.

An internal auditor disclosing details of an audit report to colleagues from a different organization.

D.

An internal auditor disclosing confidential information in response to a lawsuit.

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Question # 24

Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?

A.

Governance, risk, and control.

B.

Performance management.

C.

Business acumen.

D.

Internal audit delivery.

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