IIA-CRMA Certification – Valid Exam Dumps Questions Study Guide! (Updated 285 Questions) [Q99-Q115]

Q99. While reviewing first quarter sales transactions, an internal auditor discovered that 10 invoices for a new customer had not been posted into the accounts receivable subsidiary ledger. Those 10 invoices were listed in an error report automatically generated by the sales processing system. The system had rejected the invoices because the customer’s account number was not found in the customer master file. In this scenario, which of the following controls was lacking?

Q100. A large sales organization maintains a system of internal control according to the COSO model and has updated its code of conduct. This change relates to which component of the COSO framework?

Q101. Internal auditors must exercise due professional care by considering which of the following?
1. Cost of assurance in relation to potential benefits.
2. Adequacy and effectiveness of governance, risk management, and control processes.
3. Management’s competency level in the area being evaluated.
4. Probability of significant errors, fraud, or noncompliance.

Q102. Which of the following techniques would provide the most compelling evidence that a safety hazard exists within a manufacturing facility?

Q103. Which of the following would provide the best evidence of errors in the quantities of items received from suppliers?

Q104. Which of the following describes a key characteristic related to effective organizational communication?

Q105. Which of the following is a second line of defense in effective risk management and control?

Q106. Which of the following behaviors could represent a significant ethical risk if exhibited by an organization’s board?

Q107. Which of the following enhances the independence of the internal audit activity?

Q108. Reviewing prior audit reports and supporting workpapers before an engagement starts enables an internal auditor to do which of the following?
1. To understand better the activity and processes that will be audited.
2. To identify the audit procedures that will be used during the engagement.
3. To ensure that matters of greatest vulnerability will be addressed.
4. To use the information obtained as evidence in the current engagement.

Q109. Which of the following is an example of a directive control?

Q110. If appropriate safeguards exist, which of the following is considered a legitimate internal audit role within risk management at an organization?

Q111. Which of the following best describes the misdirection of payments on accounts receivable to an employee’s bank account?

Q112. Which of the following statements best explains why internal auditors map processes?
1. To obtain audit evidence to support auditor’s observations.
2. To determine scope and objectives of the audit.
3. To facilitate the identification of ownership and responsibility for key risks.
4. To identify potential efficiency improvements.

Q113. Which of the following is an example of a risk avoidance strategy?

Q114. A computer system automatically locks a user’s account after three unsuccessful attempts to log on.
Which type of control does this scenario represent?

Q115. After being terminated due to downsizing, an internal auditor finds a different job with an organization in the same industry. Which of the following actions would violate the IIA Code of Ethics?