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IIA IIA-CRMA-ADV Exam Overview:

Certification Vendor:The Institute of Internal Auditors (IIA)
Exam Name:Certification in Risk Management Assurance (CRMA)
Exam Number:IIA-CRMA-ADV
Certificate Validity Period:Certification ongoing with annual CPE requirements
Related Certifications:Certified Internal Auditor (CIA)
Internal Audit Practitioner (IAP)
Exam Format:Computer-based testing, Multiple Choice, Scenario/Advanced judgment items
Available Languages:English
Exam Price:$465 USD (Member), $610 USD (Non-Member)
Real Exam Qty:120
Passing Score:Scaled score determined by IIA (official pass score not publicly published)
Exam Duration:150 minutes
Sample Questions:IIA IIA-CRMA-ADV Sample Questions
Exam Way:Computer-based in authorised Pearson VUE test centres worldwide (online proctoring discontinued by IIA).
Pre Condition:Candidates must apply and be accepted into the CRMA program; internal audit, risk management, or related experience required to complete certification and CPE for maintenance. Specific eligibility depends on education and experience level. Candidates have two years from acceptance to pass the exam and complete experience requirements. (See official IIA details.)
Official Syllabus URL:https://theiia.org/en/certifications/crma/

IIA IIA-CRMA-ADV Exam Syllabus Topics:

SectionWeightObjectives
Internal Audit Roles and Responsibilities20%- Coordination
  • 1. Coordinate risk assurance efforts
  • 2. Recommend organisationwide risk management strategy
  • 3. Assist with internal risk assurance mapping
- Roles and competencies
  • 1. Determine assurance and consulting services for risk management
  • 2. Evaluate internal audit independence
  • 3. Assess required knowledge, skills, and competencies
Risk Management Assurance55%- Assurance processes
  • 1. Evaluate effectiveness of risk management at all levels
  • 2. Prioritize audit engagements based on risk assessment
  • 3. Evaluate design and application of risk identification and assessment
- Communication
  • 1. Deliver communications on risk management effectiveness
  • 2. Evaluate responses to key organisational risks
  • 3. Manage audit communication and reporting
- Risk management approach
  • 1. Evaluate approaches for assessing risk
  • 2. Select data analytics techniques for risk and assurance
Risk Management Governance25%- Risk management integration
  • 1. Evaluate management's commitment to risk management
  • 2. Examine integrated risk reporting effectiveness
  • 3. Analyze integration into objectives and strategy
- Governance, risk, and control frameworks
  • 1. Assess key elements of risk culture and oversight
  • 2. Assess application of risk and control frameworks
  • 3. Evaluate governance structure and risk management concepts

IIA Certification in Risk Management Assurance Sample Questions:

1. Which of the following best ensures an internal audit activity has the ability to render impartial and unbiased assessments?

A) Organizational status and objectivity.
B) Organizational knowledge and skills.
C) CAE certification.
D) Supervision of the chief audit executive (CAE) by senior management.


2. Which of the following is considered a violation of The IIA's Code of Ethics?

A) An auditor reports material deficiencies, despite the fact that management is already aware of the defects.
B) An auditor receives allegations of fraud from a whistleblower and immediately reports the allegations to senior management.
C) An auditor conveys public information about an organization's financial condition.
D) An auditor reports a manager's illegal activity to senior management, rather than reporting the incident to the appropriate external authority.


3. According to The MA Code of Ethics, which of the following is one of the rules of conduct for objectivity?

A) Internal auditors shall respect and contribute to legitimate and ethical objectives of the organization.
B) Internal auditors shall not accept anything that may impair or be presumed to impair their professional judgment.
C) Internal auditors shall be prudent in the use and protection of information acquired in the course of their duties.
D) Internal auditors shall continually improve their proficiency and effectiveness and quality of their services.


4. Which of the following would not be considered part of preliminary survey of an engagement area?

A) Interviews with individuals affected by the entity.
B) Analytical reviews.
C) Sampling scope.
D) Functional walk through test.


5. An internal auditor for a large retail chain suspects that a store manager has been stealing money from cash sales by listing the sales as accounts receivable and then writing off the accounts as bad debts. Which of the following irregularities is the most likely cause of the auditor's suspicion?

A) A much higher bad debt expense as a percentage of sales than that of other stores.
B) A much higher bad debt expense as a percentage of sales than that of previous years.
C) A much higher percentage of past-due accounts receivable than that of other stores.
D) A much higher percentage of past-due accounts receivable than that of previous years.


Solutions:

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

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