Pass the IIA CRMA Certification IIA-CRMA-ADV Questions and answers with CertsForce

The relative complexity, materiality, or significance of matters to which assurance procedures are applied.

The extent of assurance services necessary to ensure that all risks are identified.

The cost of providing the assurance services in relation to potential benefits.

The probability of significant errors, irregularities or instances of noncompliance.

Consult with an immediate supervisor and notify the organization's audit committee.

Consult with an immediate supervisor and review the organization's ethics policy.

Give the prize to a friend or family member and notitfy the organization's audit committee.

Give the prize to a friend or family member and review the organization's ethics policy.

The periodic rotation of procurement officers' assignments to supplier accounts.

A pre-award financial capacity analysis of suppliers.

An automated computer report, organized by supplier, of any invoices for the same amount.

Periodic inventories of kiln-dried wood at the organization's warehouse.

Assess the actions necessary to reduce the likelihood and/or impact of risk to tolerable levels.

Assess the likelihood and/or impact of risk on the achievement of organizational objectives.

Assess the amount of risk an organization can accept while pursuing its objectives.

Assess alternative strategies to reduce or eliminate major risks.

The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.

The auditor tested samples of transactions to test the cash function's process flows.

After determining that the cash function internal controls were strong, the audit report assured senior management that fraud was not present.

The auditor discovered an instance of potential fraud and reported it immediately to management, but did not alert authorities outside the organization.

The audit engagements to be performed during the upcoming year.

The internal audit activity's position within the organization.

The scope of internal audit activities.

Management and the board of directors' agreement regarding the roles and responsibilities of the internal audit activity.

Which sampling methodology to select for testing.

Which fields to examine on each invoice.

Whether an individual expenditure is allowable.

What level of noncompliance is acceptable.

"Completed with the advance certification of the External Assessors Association for Auditing Review."

"Conforms with the International Standards for the Professional Practice of Internal Auditing."

"Certified 100% accuracy, per the International Standards of External Assessment."

"Compliant with all domestic and international legal statutes, and certified quality assured for ten years."

Purchasing department.

Compliance department.

Credit department.

Internal audit department.

The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.

The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.

The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.

The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.