[Aug 15, 2025] IIA-CRMA Test Engine files, IIA-CRMA Dumps PDF
Latest IIA IIA-CRMA PDF and Dumps (2025) Free Exam Questions Answers
Why do I require to carry out IIA-CRMA Certification Exam?
There are many reasons why one needs to take the IIA-CRMA Certification. Professionals need to choose someone that they trust in their organization to be able to appoint them as a member of their team. This individual will be responsible to help ensure the organization's risk management standards are being met and will also be responsible for making recommendations or recommendations on possible improvements. IIA-CRMA exam dumps will advise you on how to prepare yourself for the preparation so that you can get IIA-CRMA in a very short period. If you have this certification, you will have the information and experience needed to provide this guidance. Knowing about several risk management strategies helps improve your ability to analyze that particular situation and create an appropriate plan or recommendation. You can take advantage of that understanding in one area when solving problems in another area of your job.
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The IIA Certification in Risk Management Assurance (CRMA) is the leading global credential for risk professionals. This examination is designed to test for knowledge and understanding of the principles, practices, and concepts related to risk management assurance. The exam is for risk management practitioners who are involved in all phases of the achievement of an organization's risk strategy. This includes design, development, implementation, monitoring, and management of the risk management framework.
In this article, you will learn about the planning, preparation, and execution of your study for the CRMA certification exam. Here we will also discuss the topics, preparation resources like IIA-CRMA exam dumps, and information about this certification. Organizational management processes review, and performance management subjects will also be covered in this article.
NEW QUESTION # 112
An internal auditor is performing analytical reviews as part of an audit of a supermarket's merchandising department. Because the economy has declined since midyear, the auditor can expect to encounter which of the following?
- A. Higher operating margin.
- B. Lower obsolete stock disposal.
- C. Higher inventory turnover.
- D. Lower sales volume.
Answer: D
NEW QUESTION # 113
Which of the following is an example of a detective control?
- A. Auto-correct software functionality.
- B. Confirmation with suppliers and vendors.
- C. Safety instructions.
- D. Automatic shut-off valve.
Answer: B
NEW QUESTION # 114
Which of the following factors have the greatest influence on the independence of the internal audit activity?
- A. Rotational assignments and familiarity of the internal audit activity.
- B. Employee incentives and self review of the internal audit activity.
- C. Organizational positioning and scope control of the internal audit activity.
- D. Quality assessments and cultural biases of the internal audit activity.
Answer: C
NEW QUESTION # 115
A chief audit executive (CAE) is reviewing the internal audit activity's performance and is concerned that the average number of revisions to findings is steadily rising, making it increasingly difficult to trace the finding to the supporting evidence and workpapers. According to MA guidance, which of the following elements of the internal audit activity's quality assurance and improvement program would provide the CAE with the most helpful insight into the cause of this problem?
- A. The overall effectiveness of the internal audit activity's periodic self assessments.
- B. The scope and frequency of external assessments.
- C. The type of audit productivity and performance statistics reported.
- D. The adequacy of the day-to-day supervision and review process.
Answer: D
NEW QUESTION # 116
Which of the following options is the most cost-effective and efficient way for internal auditors to keep current with the latest developments in the internal audit profession?
- A. Participating in on-the-job training in various departments of the organization.
- B. Pursuing as many professional certifications as possible.
- C. Attending annual professional conferences and seminars.
- D. Maintaining membership in The HA and similar professional organizations and subscribing to relevant email updates or news feeds.
Answer: D
NEW QUESTION # 117
Which of the following is not an appropriate activity for internal auditors to perform?
- A. Implement solutions for specific organizational problems.
- B. Recommend management seek a consulting firm to advise on outsourcing.
- C. Accumulate data, obtain varying views, and report information to senior management.
- D. Highlight matters that require management's attention.
Answer: A
NEW QUESTION # 118
According to the HA Code of Ethics, which of the following statements best describes the principle of competency?
- A. Internal auditors shall be prudent in the use of information acquired while performing their work.
- B. Internal auditors shall perform their work in accordance with the Standards.
- C. Internal auditors shall perform their work with honesty, diligence, and responsibility.
- D. Internal auditors shall perform their work in accordance with the law and make disclosures expected by the law.
Answer: B
NEW QUESTION # 119
An organization decides to take no action on one of its financial risks because the cost of implementing the control outweighs the value of the asset being protected. Which of the following best describes this risk strategy?
- A. Risk-benefit analysis.
- B. Risk sharing.
- C. Risk acceptance.
- D. Risk avoidance.
Answer: C
NEW QUESTION # 120
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. Use computer software to identify abnormal claims based on the insured's age and medical history.
- B. Require the physician to submit a signed statement attesting that the treatments had been performed.
- C. Develop an integrated test facility and submit false claims to verify that the system is detecting such claims on a consistent basis.
- D. Send confirmations to the physicians, requesting them to verify the exact nature of the claims submitted to the insurance provider.
Answer: A
NEW QUESTION # 121
A manufacturing organization discovers that the waste water released has failed to meet permitted limits.
Which control function will be least effective in correcting the issue?
- A. Posting signs that tell employees which substances may be disposed of via sinks and floor drains within the facility.
- B. Establishing a preventive maintenance program for the pretreatment system.
- C. Diluting pollutants by flushing sinks and floor drains daily with large volumes of clean water.
- D. Performing a chemical analysis of the water, prior to discharge, for components specified in the permit.
Answer: C
NEW QUESTION # 122
Which of the following is the best way to detect fraud?
- A. Implement process controls.
- B. Conduct anti-fraud training.
- C. Perform background investigations.
- D. Activate a whistleblower hotline.
Answer: D
NEW QUESTION # 123
Which of the following is an example of a transaction-level control?
- A. Human resource policies.
- B. Inventory counts.
- C. Reconciliations of primary accounts.
- D. Tone at the top.
Answer: C
NEW QUESTION # 124
Which of the following are components of the ISO 31000 risk management process?
1. Setting the context.
2. Risk treatment.
3. Risk avoidance.
4. Communication.
- A. 1 and 2 only.
- B. 1,2, and 4.
- C. 3 and 4.
- D. 2 and 3.
Answer: A
NEW QUESTION # 125
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?
- A. Consumers.
- B. Activists.
- C. Investors.
- D. Suppliers.
Answer: B
NEW QUESTION # 126
The results of an internal audit activity's (IAA) quality assurance and improvement program are favorable and an external assessment was completed within the last five years. Which of the following statements may the IAA use to describe its work?
- A. "Conforms with the International Standards for the Professional Practice of Internal Auditing."
- B. "Completed with the advance certification of the External Assessors Association for Auditing Review."
- C. "Certified 100% accuracy, per the International Standards of External Assessment."
- D. "Compliant with all domestic and international legal statutes, and certified quality assured for ten years."
Answer: A
NEW QUESTION # 127
Which of the following is not a standard technique that the chief audit executive (CAE) would use to provide evidence of supervisory review of working papers?
- A. The CAE initials and dates every working paper after it has been reviewed.
- B. The CAE completes an engagement working paper checklist.
- C. The CAE utilizes an external third party to make an objective recommendation after each working paper review.
- D. The CAE prepares a memorandum discussing the results of the working paper review.
Answer: C
NEW QUESTION # 128
Which of the following statements accurately describes the responsibility of the internal audit activity regarding IT governance?
1. The internal audit activity does not have any responsibility because IT governance is the responsibility of the board and senior management of the organization.
2. The internal audit activity must assess whether the IT governance of the organization supports the organization's strategies and objectives.
3. The internal audit activity may assess whether the IT governance of the organization supports the organization's strategies and objectives.
4. The internal audit activity may accept requests from management to perform advisory services regarding how the IT governance of the organization supports the organization's strategies and objectives.
- A. 4 only.
- B. 3 and 4.
- C. 2 and 4.
- D. 1 only.
Answer: D
NEW QUESTION # 129
Which of the following is not one of the 10 core competencies identified in the IIA Competency Framework?
- A. Governance, risk, and control.
- B. Internal audit delivery.
- C. Performance management.
- D. Business acumen.
Answer: C
NEW QUESTION # 130
The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards. To address this concern, which of the following actions is most appropriate for the CAE to take?
- A. The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
- B. The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
- C. The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
- D. The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.
Answer: B
NEW QUESTION # 131
Management would like to self-assess the overall effectiveness of the controls in place for its 200-person manufacturing department. Which of the following client-facilitated approaches is likely to be the most efficient way to accomplish this objective?
- A. Interviews.
- B. Surveys.
- C. Workshops.
- D. Observation.
Answer: B
NEW QUESTION # 132
According to COSO, which of the following is not considered one of the components of an organization's internal environment?
- A. Authority and responsibility to resolve issues.
- B. Framework to plan, execute and monitor activities.
- C. Knowledge and skills needed to perform activities.
- D. Integrated responses to multiple risks.
Answer: D
NEW QUESTION # 133
Which of the following conditions is the most likely indicator of fraud?
- A. A manager regularly assumes subordinates' duties.
- B. Lower earnings occur during the industry's down cycle.
- C. Commissions are paid based on verified increases to sales.
- D. Departmental reports are consistently issued in an untimely manner.
Answer: A
NEW QUESTION # 134
Which of the following is an activity that an internal auditor must not perform?
- A. Assess the risk of being fined for ineffective anti-money laundering practices.
- B. Establish and provide continuing assurance on an anti-money laundering program for new hires.
- C. Survey employees for their understanding of anti-money laundering practices.
- D. Provide assurance for the effectiveness of anti-money laundering training.
Answer: B
NEW QUESTION # 135
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IIA-CRMA (Certification in Risk Management Assurance) exam is a certification exam offered by the Institute of Internal Auditors (IIA). IIA-CRMA exam is designed to test the skills and knowledge of individuals who are involved in risk management, assurance, and governance. The IIA-CRMA certification is recognized globally and is a valuable credential for individuals who want to advance in their careers in risk management.
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