IIA IIA-CRMA-ADV Online Practice Questions and Exam Preparation

IIA IIA-CRMA-ADV Online Questions & Answers

• Question 81:

  While attending a conference, an internal auditor won an all-expense paid trip sponsored by a vendor of the internal auditor's organization.

  Which of the following actions are most appropriate for the auditor to take?

  A. Consult with an immediate supervisor and notify the organization's audit committee.
  B. Consult with an immediate supervisor and review the organization's ethics policy.
  C. Give the prize to a friend or family member and notitfy the organization's audit committee.
  D. Give the prize to a friend or family member and review the organization's ethics policy.
  B. Consult with an immediate supervisor and review the organization's ethics policy.

• Question 82:

  During an account receivables audit, an internal auditor found a significant number of input errors resulting in a $500, 000 balance understatement.

  Which of the following is the most important question the internal auditor should ask to develop an appropriate recommendation for this finding?

  A. Who?
  B. How?
  C. Why?
  D. When?
  C. Why?

• Question 83:

  An internal auditor in a small broadcasting organization was assigned to review the revenue collection process. The auditor discovered that some checks from three customers were never recorded in the organization's financial records. Which of the following documents would be the least useful for the auditor to verify the finding?

  A. Bank statements.
  B. Customer confirmation letters.
  C. Copies of sales invoices.
  D. Copies of deposit slips.
  D. Copies of deposit slips.

• Question 84:

  Which of the following control methods is effective in reducing the risk of purchasing-scheme fraud?

  1.

  Periodically reviewing the vendor list for unusual vendors and addresses.

  2.

  Segregating duties for amount purchasing, receiving, shipping, and accounting.

  3.

  Validating sequential integrity of purchase orders.

  4.

  Verifying the validity of invoices with post office box addresses.

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

• Question 85:

  An internal auditor notes that employees are able to download files from the internet. According to IIA guidance, which of the following strategies would best protect the organization from the risk of copyright infringement and licensing violations resulting from this practice?

  A. Apply antivirus and patch management software.
  B. Utilize dedicated and encrypted network connections.
  C. Install a software inventory management application.
  D. Utilize secure socket layer encryption.
  C. Install a software inventory management application.

• Question 86:

  According to IIA guidance, which of the following is ultimately responsible for seeing that the internal control system of an organization's social responsibility program is effective?

  A. Senior management.
  B. Internal audit activity.
  C. All employees.
  D. Board of directors.
  D. Board of directors.

• Question 87:

  Which of the following is an example of a management control technique?

  A. A budget.
  B. A risk assessment.
  C. The board of directors.
  D. The control environment.
  A. A budget.

• Question 88:

  Which type of objectives can best be described as broad goals that promote the effective and efficient use of resources?

  A. Strategic objectives.
  B. Operational objectives.
  C. Reporting objectives.
  D. Compliance objectives.
  B. Operational objectives.

• Question 89:

  A manufacturing line supervisor joins the internal audit activity for a two-year rotational job assignment and is assigned to an accounts receivable audit. With regard to this assignment, which of the following should be the primary concern of the audit manager?

  A. Due professional care.
  B. Individual independence.
  C. Individual objectivity.
  D. Organizational independence.
  A. Due professional care.

• Question 90:

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