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Vendor: IIA
Exam Code: IIA-CRMA
Exam Name: Certification in Risk Management Assurance (CRMA)
Certification: CRMA Certification
Total Questions: 283 Q&A
Updated on: Oct 15, 2024
Exam retired ,new exam code replace: IIA-CRMA-ADV
Management would like to self-assess the overall effectiveness of the controls in place for its 200-person manufacturing department. Which of the following client-facilitated approaches is likely to be the most efficient way to accomplish this objective?
A. Workshops.
B. Surveys.
C. Interviews.
D. Observation.
When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?
1.
Subsequent change orders increase requirements for low-bid items.
2.
Material contract requirements are different on the actual contract than on the request for bids.
3.
A high percentage of employees are charged to indirect accounts.
4.
Losing bidders are hired as subcontractors.
A. 1 only
B. 2 only
C. 1 and 3.
D. 2 and 4.
A new internal audit activity is creating its first charter. According to IIA guidance, which of the following objectives would be appropriate for inclusion in the charter?
A. Continuously monitor the organization's overall risk activities in relation to its risk appetite.
B. Evaluate the adequacy and effectiveness of the organization's governance activities.
C. Oversee the establishment and administration of an effective risk management program.
D. Assist management in implementing recommended control improvements.
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The following table comprehensively analyzes the quality and value of CRMA Certification IIA-CRMA exam materials.