PDF Version DemoIIA IIA-CRMA-ADV Exam Overview:
| Certification Vendor: | The Institute of Internal Auditors (IIA) |
| Exam Name: | IIA Certification in Risk Management Assurance (CRMA) Exam |
| Exam Number: | CRMA (IIA-CRMA-ADV) |
| Related Certifications: | Certified Internal Auditor (CIA) |
| Exam Format: | Multiple-choice questions |
| Available Languages: | English |
| Passing Score: | Scaled score (commonly 600/750, subject to official confirmation) |
| Recommended Training: | IIA Official Training and Resources |
| Exam Registration: | IIA CRMA Certification Page |
| Sample Questions: | IIA IIA-CRMA-ADV Sample Questions |
| Exam Way: | Computer-based exam delivered at authorized testing centers and/or online proctored options depending on region. |
| Pre Condition: | Eligibility requirements may include internal audit experience; specific prerequisites vary by candidate background and IIA policies. Verify on official IIA CRMA page. |
| Official Syllabus URL: | https://www.theiia.org/en/certifications/crma/ |
IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Risk Management Governance | - Organizational governance structures - Risk oversight responsibilities - Three lines model / internal audit role |
| Topic 2: Assurance of Risk Management | - Assurance mapping - Reporting risk and assurance results - Internal audit assurance over ERM |
| Topic 3: Risk Identification and Assessment | - Risk assessment frameworks - Risk prioritization techniques - Risk identification methods |
| Topic 4: Risk Response and Mitigation | - Monitoring risk responses - Risk treatment strategies - Control design and evaluation |
IIA Certification in Risk Management Assurance Sample Questions:
1. According to IIA guidance, when preparing the charter for the internal audit activity, the chief audit executive (CAE), board, and senior management should agree on which of the following?
1. The standards to be used by the internal audit activity.
2. The internal audit activity's code of ethics.
3. The CAE's reporting line.
4. The internal audit activity's responsibilities.
A) 1 and 2 only.
B) 1,2, and 3.
C) 4 only.
D) 3 and 4.
2. When internal auditors are preparing workpapers for the testing stage of an engagement, which of the following guidelines should be observed?
1. Include copies of all client files that were reviewed for the audit.
2. Avoid the use of professional, industry-appropriate jargon and technical terms.
3. Indicate the original sources of all data and information used in the workpapers.
4. Leave blank space for cross-references to be completed during the post-audit process.
A) 3 and 4 only
B) 1 and 2 only
C) 2 and 3 only
D) 1 and 4 only
3. Which of the following is the most effective strategy to manage the risk of foreign exchange losses due to sales to foreign customers?
A) Hire a risk consultant.
B) Implement a hedging strategy.
C) Insist that customers only pay in a stable currency.
D) Maintain a large foreign currency balance.
4. According to IIA guidance, which of the following statements about working papers is false?
A) They demonstrate compliance with auditing standards.
B) They contribute to development of the internal audit staff.
C) They provide support for communication to third parties.
D) They assist in the implementation of recommendations.
5. 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) Establishing a preventive maintenance program for the pretreatment system.
B) Posting signs that tell employees which substances may be disposed of via sinks and floor drains within the facility.
C) Performing a chemical analysis of the water, prior to discharge, for components specified in the permit.
D) Diluting pollutants by flushing sinks and floor drains daily with large volumes of clean water.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: D | Question # 5 Answer: D |
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