100% Real IIA-CRMA dumps – Brilliant IIA-CRMA Exam Questions PDF [Q67-Q83]

Q67. According to IIA guidance, which of the following statements is false regarding continuing professional education for the internal audit activity (IAA)?

Q68. When conducting an interview, an internal auditor is most likely to ask open-ended questions in order to:

Q69. A furniture manufacturer has installed a new fire sprinkler system at its central warehouse and canceled the existing fire insurance policy on that property. What change of risk response strategy does this course of action most likely reflect?

Q70. An internal auditor is using a spreadsheet application to review a cash flow forecast prepared by management.
Which of the following correctly identifies the type of evidence this information represents?

Q71. The chief audit executive (CAE) is planning to conduct an internal assessment of the internal audit activity (IAA). Part of this assessment will include benchmarking. According to IIA guidance, which of the following qualitative metrics would be appropriate for the CAE to use?
1. Average client customer satisfaction score for a given year.
2. Client survey comments on how to improve the IAA.
3. Auditor interviews once an audit has been completed.
4. Percentage of audits completed within 90 days.

Q72. According to IIA guidance, which of the following statements is true?

Q73. An internal audit activity is using the auditing-by-element approach to audit the organization’s controls around corporate social responsibility. Which of the following would be an element for the internal audit activity to consider?

Q74. During an audit engagement, the internal auditor discussed a risk mitigation recommendation with the manager of the area under review. The manager disagreed with the risk assessment and recommendation. The two failed to come up with an alternative solution, and the auditor decided to proceed with including the original recommendation in the engagement report. Which of the following is especially important in dealing with this type of situation?

Q75. Which of the following scenarios exemplifies a potential internal control weakness?

Q76. Which of the following situations is most likely to impair internal audit objectivity?

Q77. According to IIA guidance, which of the following individuals would best be considered independent for the purpose of participating in an external assessment of the quality assurance and improvement program for an internal audit activity (IAA)?

Q78. What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

Q79. A candidate has applied for an entry level internal audit position. The candidate holds a CISA (Certified Information Systems Auditor) designation, and has six months of audit experience, but limited knowledge of accounting principles and techniques. According to the IIA guidance, which of the following is the most relevant reason for the chief audit executive to consider this candidate?

Q80. Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store’s cash function?

Q81. Which of the following actions does not violate the IIA Code of Ethics or Standards?

Q82. A new director was hired to lead the internal audit activity at a small start-up company. Which of the following assignments would impair the director’s independence?

Q83. An internal audit charter describes the mission and scope of the internal audit activity (IAA), responsibilities of the IAA, accountability of the chief audit executive, independence of the IAA, and standards followed by the IAA. Which of the following also should be included in the charter?