IIA IIA-CRMA Dumps PDF Free Download - Page: 5

QUESTION: 21

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?

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.

Answer(s): B

Reveal Solution Next Question

QUESTION: 22

A chief audit executive (CAE) of an international charity reports functionally to the audit committee of the board of directors and administratively to the charity's chief financial officer (CFO).
Which of the following would impair the internal audit function's independence?

The CFO determines the scope of internal audit work in the accounting department.
The CFO manages the accounting of the budget for the internal audit function.
The CFO administers the annual evaluation process for the internal auditors.
The CFO provides feedback on the CAE's audit reports.

Answer(s): A

Reveal Solution Next Question

QUESTION: 23

An internal audit activity (IAA) provided assurance services for an activity it was responsible for during the preceding year.
As a result, which IIA Code of Ethics principle is presumed to be impaired?

Competence.
Flexibility.
Objectivity.
Independence.

Answer(s): C

Reveal Solution Next Question

QUESTION: 24

According to the Standards, for how long should internal auditors who have previously performed or had management responsibility for an operation wait to become involved in future internal audit activity with that same operation?

Three months.
Six months.
One year.
Two years.

Answer(s): C

Reveal Solution Next Question

QUESTION: 25

The chief audit executive (CAE) has been asked to manage the regulatory compliance function for the organization's retail store operations. Store operations are included in the annual audit plan.
Which of the following strategies best fulfills the requirements of the Standards regarding these audits?

The scope of store operations audits should exclude compliance.
Store operations audits can be fully executed with appropriate disclosure to the board.
Store operations audits should be performed by an external service provider.
A store operations compliance audit should be performed by a staff internal auditor under the direction of the CAE.

Answer(s): C

Reveal Solution Next Question

IIA Certification in Risk Management Assurance (CRMA) Exam IIA-CRMA Dumps in PDF

Free IIA IIA-CRMA Real Questions (page: 5)

QUESTION: 21

QUESTION: 22

QUESTION: 23

QUESTION: 24

QUESTION: 25