Most Recent IIA-CRMA Exam Dumps

Prepare for the IIA Certification in Risk Management Assurance (CRMA) Exam exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the IIA-CRMA exam and achieve success.

The questions for IIA-CRMA were last updated on Apr 22, 2026.

Viewing page 1 out of 57 pages.
Viewing questions 1-5 out of 283 questions

Get All 283 Questions & Answers

Question No. 1

Which two of the following are preventive controls in a check disbursement process?

1. Daily reconciliation of the bank account used for check disbursements and prompt follow-up of un-reconciled items.

2. Segregation of the following duties: establishing new vendors, approving checks, and reconciling the bank account.

3. An activity report detailing who accesses the check disbursement system and the nature of any action taken in the system.

4. Evidence of strong access controls ensuring that authorized individuals have access only to the functions related to their responsibilities.

A1 and 3.

B1 and 4.

C2 and 3.

D2 and 4.

Show Answer

Correct Answer: D

Question No. 2

What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

ATo help the internal audit activity complete its annual assurance plan.

BTo identify inefficiencies within the internal audit team.

CTo help improve the overall quality of the internal audit activity's work.

DTo identify key risks and areas of concern within the organization.

Show Answer

Correct Answer: C

Question No. 3

An organization is beginning to implement an enterprise risk management program. One of the first steps is to develop a common risk language. Which of the following statements about a common risk language is true?

AManagement will be able to reduce inherent risk because they will have a better understanding of risk.

BInternal auditors will be able to reduce their sample sizes because controls will be more consistent.

CStakeholders will have more assurance that the risks are assessed consistently.

DDecision makers will understand that the likelihood of missing or ineffective controls will be reduced.

Show Answer

Correct Answer: C

Question No. 4

While auditing an organization's credit approval process, an internal auditor learns that the organization has made a large loan to another auditor's relative. Which course of action should the auditor take?

AProceed with the audit engagement, but do not include the relative's information.

BHave the chief audit executive and management determine whether the auditor should continue with the audit engagement.

CDisclose in the engagement final communication that the relative is a customer.

DImmediately withdraw from the audit engagement.

Show Answer

Correct Answer: B

Question No. 5

According to IIA guidance, the results of a formal quality assessment should be reported to which of the following groups?

AThe audit committee and senior management.

BThe audit committee and the external auditors.

CSenior management and management of the audited area.

DSenior management and the external auditors.

Show Answer

Correct Answer: A

Unlock All Questions for IIA IIA-CRMA Exam

Full Exam Access, Actual Exam Questions, Validated Answers, Anytime Anywhere, No Download Limits, No Practice Limits

Get All 283 Questions & Answers