Free IIA IIA-CRMA-ADV Exam Dumps Questions & Answers

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

• A.  Employing audit tests to detect fraud.
• B.  Completing a process review to improve controls to prevent fraud.
• C.  Planning an engagement of the area in which fraud is suspected.
• D.  Interrogating a suspected fraudster.

An internal auditor who is carrying out an engagement to review controls related to corporate tax reporting must possess which of the following competencies?
1. Proficiency in analyzing key IT risks and controls.
2. The ability to recognize significant deviations from good business practices.
3. Knowledge of key indicators of fraud in tax reporting.
4. The ability to recognize the existence of problems related to tax accounting.

• A.  3 and 4 only.
• B.  2, 3, and 4 only.
• C.  1 and 4 only.
• D.  1,2, 3, and 4.

Which of the following scenarios best illustrates the principle of due professional care?

• A.  An internal auditor has been given sufficient authority to access documents needed to make an appraisal of an issue.
• B.  An internal auditor evaluates the significant risks arising from a consulting engagement.
• C.  An internal auditor declares that he would have a conflict of interest in providing planned audit support.
• D.  An internal auditor uses technology-based audit techniques to ensure that all significant risks are identified.

A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?

• A.  Assist management in implementing recommended control improvements.
• B.  Oversee the establishment and administration of an effective risk management program.
• C.  Continuously monitor the organization's overall risk activities in relation to its risk appetite.
• D.  Evaluate the adequacy and effectiveness of the organization's governance activities.

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?

• A.  An entry level position does not require expertise in any particular area.
• B.  Accounting skills can be learned over time with appropriate training.
• C.  Other internal auditors possess sufficient knowledge of accounting principles and techniques.
• D.  The candidate's information systems knowledge and real-world experience in internal auditing.