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IIA Certification in Risk Management Assurance : IIA-CRMA-ADV

Updated: Jun 03, 2026

Q & A: 285 Questions and Answers

IIA-CRMA-ADV Braindumps VCE
  • Exam Code: IIA-CRMA-ADV
  • Exam Name: Certification in Risk Management Assurance

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IIA Certification in Risk Management Assurance Sample Questions:

1. Which of the following best describes the assessment of risks?

A) Assess the likelihood and/or impact of risk on the achievement of organizational objectives.
B) Assess the amount of risk an organization can accept while pursuing its objectives.
C) Assess alternative strategies to reduce or eliminate major risks.
D) Assess the actions necessary to reduce the likelihood and/or impact of risk to tolerable levels.


2. Which of the following types of fraud includes embezzlement?

A) Misappropriation of assets.
B) Fraudulent statements.
C) Corruption.
D) Bribery.


3. If appropriate safeguards exist, which of the following is considered a legitimate internal audit role within risk management at an organization?

A) Providing consolidated reporting on risks.
B) Imposing risk management processes.
C) Taking accountability for risk management.
D) Making decisions on risk responses.


4. As a matter of policy, the chief audit executive routinely rotates internal audit staff assignments and periodically interviews the staff to discuss the potential for conflicts of interest. These actions help fulfill which of the following internal audit mandates?

A) Professional objectivity.
B) Organizational independence.
C) Due professional care.
D) Individual proficiency.


5. Which of the following is an example of a transaction-level control?

A) Human resource policies.
B) Tone at the top.
C) Reconciliations of primary accounts.
D) Inventory counts.


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: C

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