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IIA-CRMA – Certification in Risk Management Assurance (CRMA) Exam

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Showing 1–3 of 15 questions

Question 1 (Exam Pool B)

Which of the following is a common type of payroll fraud?

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    Unauthorized overtime.

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    Fictitious employees.

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    Unearned bonuses or commissions.

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    Skimming.


Question 2 (Exam Pool B)

What is the purpose of a secondary control?

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    It replaces primary controls that are either ineffective or cannot fully mitigate a risk.

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    It partially reduces the residual risk level when a key control does not operate effectively.

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    lt combines with other controls to help reduce significant risk exposures to an acceptable level.

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    It helps to ensure the completeness and accuracy of automated controls in a system environment.

Question 3 (Exam Pool A)

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?

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    Who?

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    How?

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    Why?

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    When?