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Download IIA-CRMA Free Dumps - Exam IIA-CRMA Exercise, Study IIA-CRMA Test
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Download Certification in Risk Management Assurance (CRMA) Exam Exam Dumps

NEW QUESTION 21
In which of the following functions would fraud be most likely to occur?

  • A. Collecting payments on accounts.
  • B. Preparing customer statements.
  • C. Maintaining custody of inventory records.
  • D. Approving changes to employee records.

Answer: A

 

NEW QUESTION 22
When auditing the award of a major contract, which of the following should an internal auditor suspect as a red flag for a bidding fraud scheme?
1. Subsequent change orders increase requirements for low-bid items.
2. Material contract requirements are different on the actual contract than on the request for bids.
3. A high percentage of employees are charged to indirect accounts.
4. Losing bidders are hired as subcontractors.

  • A. 2 and 4.
  • B. 1 only
  • C. 1 and 3.
  • D. 2 only

Answer: A

 

NEW QUESTION 23
A headquarters-based internal auditor has been sent to a major overseas subsidiary to conduct various engagements. Initially, the internal auditor spends time to become familiar with local customs and organization's practices while embarking on the first engagement. Which of the following competencies does the internal auditor exercise?

  • A. Governance, risk, and control.
  • B. Business acumen.
  • C. Persuasion and collaboration.
  • D. Communication.

Answer: D

 

NEW QUESTION 24
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