Free IIA IIA-CRMA-ADV Exam Dumps Questions & Answers

An internal audit charter should do which of the following?

• A.  Establish the size of the internal audit activity.
• B.  Communicate the internal audit activity's goals.
• C.  Outline the schedule of future audits.
• D.  Define the scope of internal audit activities.

According to the IIA guidance, who is responsible for periodically assessing the internal audit activity?

• A.  The board.
• B.  The chief audit executive.
• C.  Senior management.
• D.  The external auditors.

The audit committee is concerned that the small size of the internal audit activity (IAA) makes it impractical to achieve full conformance with the Standards. To address this concern, which of the following actions is most appropriate for the CAE to take?

• A.  The CAE should seek sufficient funding to increase audit resources to meet the minimum requirements of the Standards.
• B.  The CAE should request the audit committee to review the Standards to identify specifically which are creating the greatest concern.
• C.  The CAE should explain that conformance with the Standards is essential and not dependent upon the size of the IAA.
• D.  The CAE should agree with the audit committee and implement only those standards appropriate to the size of the IAA.

An internal auditor wants to sample data to test an audit theory in a cost-effective way. Which of the following sampling strategies should she use?

• A.  Nonstatistical sampling only
• B.  Neither approach to testing the audit theory would be cost effective.
• C.  Statistical sampling only
• D.  A combination of both statistical and nonstatistical sampling.

A headquarters-based internal auditor has been sent to a major overseas subsidiary to conduct various engagements. Initially, the internal auditor spends time to become familiar with local customs and organization's practices while embarking on the first engagement. Which of the following competencies does the internal auditor exercise?

• A.  Communication.
• B.  Business acumen.
• C.  Persuasion and collaboration.
• D.  Governance, risk, and control.