Free IIA IIA-CRMA Exam Dumps Questions & Answers

With regard To IT governance, which of the following is the most effective and appropriate role for the internal audit activity?

• A.  Independently evaluate the skills and experience of potential chief information officer candidates to assess the best fit based on the organization's risk appetite.
• B.  Evaluate the organization's governance standards and assess IT-related activities to identify gaps and develop policies, ensuring alignment with the organization's risk appetite.
• C.  Assist management in interpreting complex IT-related privacy and security risk exposures and evaluating potential mitigation strategies.
• D.  Assess whether governance activities are aligned with the organization's risk appetite and take into consideration emerging risks.

According to COSO, which of the following describes a principle related to the control environment?

• A.  The organization identifies and assesses changes that could significantly impact the system of internal control.
• B.  The organization selects and develops control activities that contribute to the mitigation of risks.
• C.  The organization establishes appropriate authorities and responsibilities in the pursuit of objectives.
• D.  The organization performs evaluations to ascertain whether internal control components are present and functioning.

An internal auditor is evaluating techniques management uses to mitigate risks within a particular product division. Which of the following is an example of risk reduction?

• A.  Management allows the product division to remain unchanged.
• B.  Management sells the product division to a competitor.
• C.  Management modifies the product division to minimize errors.
• D.  Management outsources the product division to a third party.

An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?

• A.  Criteria section.
• B.  Cause section.
• C.  Effect section.
• D.  Condition section.

Which of the following statements describes impairment to the internal auditor's objectivity?

• A.  An internal auditor receives a promotional gift that is available to the organization's employees.
• B.  An internal auditor reviews a purchasing agent's contract drafts prior to their execution.
• C.  An internal auditor reduces the scope of an audit engagement due to budget restrictions.
• D.  An internal auditor performs an assessment of the operations for which he was recently responsible.