IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Internal Audit Roles and Responsibilities | 20% | - International Professional Practices Framework (IPPF) - Role in governance and risk management - Standards and Code of Ethics - Independence and objectivity |
| Topic 2: Risk Management Assurance | 55% | - Monitoring and reporting - Risk response and mitigation strategies - Emerging and strategic risks - Risk identification and assessment - Assurance mapping and coordination |
| Topic 3: Risk Management Governance | 25% | - Governance frameworks and structures - Roles of board, audit committee and management - COSO, ISO 31000 and other standards - Risk culture and appetite |
IIA Certification in Risk Management Assurance Sample Questions:
Question 1
Which of the following are generally recognized as essential elements of a corporate social responsibility program?
A. Fair operating practices and government regulation.
B. Consumer issues and return on investment.
C. Organizational governance and financial reporting.
D. Human rights and the environment.
Question 2
According to IIA guidance, which of the following should be included in the internal audit charter?
A. Assigned responsibilities for designing and implementing controls.
B. The minimum resources and competencies needed for the internal audit activity.
C. Organizational relationships and reporting lines.
D. Identification of the organizational units where engagements are to be performed.
Question 3
An internal auditor finds during an engagement that payment for the organization's general insurance policy is two months overdue. The issue is informally mentioned tothe finance department which immediately submits the invoice for payment. The auditor decides to exclude this finding from the final audit report as the oversight was immediately corrected and there were no consequences because of this late payment.
Which of the following rules of conduct as described in the IIA Code of Ethics, did the auditor fail to uphold?
A. Competency.
B. Objectivity.
C. Integrity.
D. Confidentiality.
Question 4
Which of the following responsibilities would fall under the role of the chief audit executive, rather than internal audit staff or the audit manager?
A. Apply problem-solving techniques for routine situations.
B. Maintain industry-specific knowledge appropriate to the audit engagements
C. Set clear performance standards for internal auditors and the internal audit activity.
D. Manage and support a quality assurance and improvement program.
Question 5
Which of the following scenarios best illustrates the principle of due professional care?
A. An internal auditor declares that he would have a conflict of interest in providing planned audit support.
B. An internal auditor has been given sufficient authority to access documents needed to make an appraisal of an issue.
C. An internal auditor uses technology-based audit techniques to ensure that all significant risks are identified.
D. An internal auditor evaluates the significant risks arising from a consulting engagement.
Solutions:
| Question 1 Answer: D | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: C | Question 5 Answer: D |
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