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

During facilitated workshops, people more openly say things to internal auditors than during private interviews.

Internal auditors do not need other sources of information, as the data gathered during facilitated workshops is sufficient.

Facilitated workshops create a synergy of discussion that can bring multiple perspectives to the same issue.

The testimonial evidence obtained during facilitated workshops is generally considered more reliable.

Delegate final approval of the risk-based internal audit plan to the chief audit executive (CAE).

Approve the annual budget and resource plan for the internal audit activity.

Assist the CAE with hiring objective and competent internal audit staff.

Encourage the CAE to communicate and coordinate with the external auditor.

Senior management.

Internal audit activity.

All employees.

Board of directors.

When an internal auditor releases required information to a regulator, resulting in a significant loss through fines and penalties for the organization, he fails to add value.

When an internal auditor limits the scope of the audit engagement after learning that management is hiding relevant information, he demonstrates integrity.

When an internal auditor disagrees with the treatment received by workers in the organization's foreign subsidiary and alters the audit program to highlight the issue, he fails to demonstrate objectivity.

When an internal auditor continues with an audit engagement, despite the audit client's claims that the work performed is unnecessary and redundant he fails to demonstrate competency.

Perform ongoing surveys of the employees, customers, and partners of the organization to assess the organization's ethical climate. ^Evaluate the effectiveness of the organization's strategies and B. processes for achieving the desired level of legal and ethical compliance.

Maintain a whistleblower hotline to identify inappropriate or illegal activity within the organization.

Perform background checks of potential new employees before they are hired by the organization.

Appoint the CAE as a member of the board.

Move the CAE's functional reporting to an executive who is not on the board.

Obtain full board approval of the internal audit activity's annual audit plan.

Move the CAE's functional reporting to the audit committee.

Ethics should vary with local customs in the organization's foreign operations.

Whistleblowing should be discouraged because it can cause distrust among employees.

Ethical behavior should be incorporated into performance evaluations.

Senior management should be granted specific exemptions to the code of ethics.

CAE reviews and approves the annual audit plan.

CAE meets privately with The CEO at least annually.

CAE meets privately with The board at least annually.

CAE reports to the board regarding audit staff performance evaluation and compensation.

If an organization does not have a mature privacy framework, the internal audit activity should assist in developing and implementing an appropriate privacy framework.

Because the audit committee is ultimately responsible for ensuring that appropriate control processes are in place to mitigate risks associated with personal information, the internal audit activity is C. required to conduct privacy assessments.

The internal audit activity may delegate to nonaudit IT specialists the responsibility of determining whether personal information has been secured adequately and data protection controls are sufficient.

The internal audit activity should have appropriate knowledge and competence to conduct an asses .......framework.

Requesting a private meeting with senior management, without the presence of the chief audit executive.

Intervening during an audit involving ethical wrongdoing.

Discussing periodic reports of ethical breaches.

Authorizing an investigation of an unsafe product.