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Certification in Risk Management Assurance

Last Update 19 hours ago Total Questions : 283

The Certification in Risk Management Assurance content is now fully updated, with all current exam questions added 19 hours ago. Deciding to include IIA-CRMA-ADV practice exam questions in your study plan goes far beyond basic test preparation.

You'll find that our IIA-CRMA-ADV exam questions frequently feature detailed scenarios and practical problem-solving exercises that directly mirror industry challenges. Engaging with these IIA-CRMA-ADV sample sets allows you to effectively manage your time and pace yourself, giving you the ability to finish any Certification in Risk Management Assurance practice test comfortably within the allotted time.

Question # 81

Which of the following is the best way to detect fraud?

A.

Conduct anti-fraud training.

B.

Perform background investigations.

C.

Implement process controls.

D.

Activate a whistleblower hotline.

Question # 82

Which of the following activities is most likely to require a fraud specialist to supplement the knowledge and skills of the internal audit activity?

A.

Planning an engagement of the area in which fraud is suspected.

B.

Employing audit tests to detect fraud.

C.

Interrogating a suspected fraudster.

D.

Completing a process review to improve controls to prevent fraud.

Question # 83

Which of the following actions would be characterized as a preventive control to safeguard inventory from the risk of theft?

1. Locking doors and physically securing inventory items.

2. Independently observing the receipt of materials.

3. Conducting monthly inventory counts.

4. Requiring the use of employee ID badges at all times.

A.

1 and 3.

B.

1 and 4.

C.

2 and 3.

D.

2 and 4.

Question # 84

A multinational organization has asked the internal audit activity to assist in setting up the organization's risk management system. The chief audit executive (CAE) agrees to take on the engagement as a consultant. Which of the following tasks is appropriate for the CAE to undertake?

A.

Coordinate and facilitate risk workshops for management to attend.

B.

Establish the degree of risk appetite for management to accept.

C.

Set risk indicators and mitigation plans for management to implement.

D.

Determine the number of significant risks for management to report to the board.

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