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

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Showing 13–15 of 15 questions

Question 13 (Exam Pool A)

While reviewing the workpapers of a new auditor, the auditor in charge discovered that additional audit procedures might be necessary. According to IIA guidance, which of the following would be most relevant for the auditor in charge to consider when making this decision?

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    Resource management.

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    Coordination.

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    Due professional care.

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    Engagement supervision.


Question 14 (Exam Pool B)

An internal auditor needs to recommend a policy element to be included in an organization's code of ethics. Which of the following recommendations would be most effective?

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

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

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    Ethical behavior should be incorporated into performance evaluations.

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


Question 15 (Exam Pool A)

Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?

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    Because management requires the review to measure effectiveness of the internal audit activity.

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    So that the individual objectivity of the internal audit staff can be more clearly established.

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    So that there is assurance of the internal audit staff's proficiency to complete audit activities.

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    Because changes in the organization may impair the internal audit activity's ability to meet its objectives.