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IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Management Assurance | 55% | - Risk identification and assessment - Risk response and mitigation strategies - Assurance mapping and coordination - Emerging and strategic risks - Monitoring and reporting |
| Risk Management Governance | 25% | - Governance frameworks and structures - Risk culture and appetite - COSO, ISO 31000 and other standards - Roles of board, audit committee and management |
| Internal Audit Roles and Responsibilities | 20% | - Standards and Code of Ethics - International Professional Practices Framework (IPPF) - Role in governance and risk management - Independence and objectivity |
IIA Certification in Risk Management Assurance Sample Questions:
1. According to the Standards, for how long should internal auditors who have previously performed or had management responsibility for an operation wait to become involved in future internal audit activity with that same operation?
A) Three months.
B) Two years.
C) One year.
D) Six months.
2. According to IIA guidance, which of the following should be included in the internal audit charter?
A) Organizational relationships and reporting lines.
B) Assigned responsibilities for designing and implementing controls.
C) Identification of the organizational units where engagements are to be performed.
D) The minimum resources and competencies needed for the internal audit activity.
3. A large trucking organization wants to reduce traffic accidents by improving its system of internal controls.
Which of the following controls is correctly classified?
1. Review of speeding violations to identify repetitive locations and drivers is an example of a preventive control.
2. Defensive driver training is an example of a directive control.
3. The installation of tracking devices in delivery vehicles is an example of a corrective control.
4. Providing a vehicle driver handbook is an example of a detective control.
A) 1 and 4.
B) 1 and 2.
C) 3 and 4.
D) 2 and 3.
4. While reviewing first quarter sales transactions, an internal auditor discovered that 10 invoices for a new customer had not been posted into the accounts receivable subsidiary ledger. Those 10 invoices were listed in an error report automatically generated by the sales processing system. The system had rejected the invoices because the customer's account number was not found in the customer master file. In this scenario, which of the following controls was lacking?
A) Directive control.
B) Corrective control.
C) Detective control.
D) Preventive control.
5. Which of the following would most likely be considered a red flag for fraud?
A) An organization lacks a whistleblower hotline for reporting suspicious activity.
B) An employee with significant personal debt is in charge of handling large wire transfers for the organization.
C) A senior manager has been delegating the authority to sign-off on small dollar amount purchases to a subordinate.
D) An employee in charge of payroll disbursements has rotated these duties with several colleagues.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |






