Changed IIA-CRMA Exam Questions

Certification in Risk Management Assurance (CRMA) Exam Questions and Answers

Question 25

Which of the following is an example of a management control technique?

Options:

A budget.

A risk assessment.

The board of directors.

The control environment.

Question 26

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?

Options:

Coordinate and facilitate risk workshops for management to attend.

Establish the degree of risk appetite for management to accept.

Set risk indicators and mitigation plans for management to implement.

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

Question 27

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

Options:

Observation of the facility during operations.

Questioning of facility management, including the facility safety officer.

Analysis of facility operating reports, focusing on instances when breakdowns occurred.

Review of records involving safety violations, filed by facility production employees.

Question 28

A fraud investigation was completed by management, and a proven fraud was communicated to relevant authorities. According to MA guidance, which of the following roles would be most appropriate for the internal audit activity to undertake after the investigation?

Options:

Plan employee sessions and team building strategies for the organization to improve awareness of fraud among employees.

Review the investigation and implement any improvements to the process.

Conduct lessons learned sessions to ascertain how the fraud occurred and which controls failed.

Determine why The fraud was not detected earlier and design controls to strengthen early detection.

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Certification in Risk Management Assurance (CRMA) Exam Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce