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IIA IIA-CRMA-ADV Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Risk Management Governance | 25% | - Risk culture and appetite - Roles of board, audit committee and management - COSO, ISO 31000 and other standards - Governance frameworks and structures |
| Risk Management Assurance | 55% | - Risk identification and assessment - Monitoring and reporting - Assurance mapping and coordination - Emerging and strategic risks - Risk response and mitigation strategies |
| Internal Audit Roles and Responsibilities | 20% | - Standards and Code of Ethics - International Professional Practices Framework (IPPF) - Role in governance and risk management - Independence and objectivity |
IIA Certification in Risk Management Assurance Sample Questions:
1. An internal audit activity is using the auditing-by-element approach to audit the organization's controls around corporate social responsibility. Which of the following would be an element for the internal audit activity to consider?
A) Marketplace competition.
B) Working conditions.
C) Shareholders and investors.
D) Employees' families.
2. An auditor in charge was reviewing the workpapers submitted by a newly hired internal auditor. She noted that the new auditor's analytical work did not include any rating or quantification of the risk assessment results, and she returned the workpapers for correction. Which section of the workpapers will the new auditor need to modify?
A) Condition section.
B) Criteria section.
C) Cause section.
D) Effect section.
3. A government agency's policy states that board members' travel and hospitality expenses must be audited annually. Which of following people or groups is most appropriate to perform this audit?
A) The agency's chief compliance officer.
B) The external auditors from an accounting firm.
C) The internal audit activity.
D) The government's independent auditor.
4. An organization is beginning to implement an enterprise risk management program. One of the first steps is to develop a common risk language. Which of the following statements about a common risk language is true?
A) Internal auditors will be able to reduce their sample sizes because controls will be more consistent.
B) Management will be able to reduce inherent risk because they will have a better understanding of risk.
C) Stakeholders will have more assurance that the risks are assessed consistently.
D) Decision makers will understand that the likelihood of missing or ineffective controls will be reduced.
5. Which of the following does not need to be defined in the internal audit charter?
A) The audit engagements to be performed during the upcoming year.
B) The internal audit activity's position within the organization.
C) The scope of internal audit activities.
D) Management and the board of directors' agreement regarding the roles and responsibilities of the internal audit activity.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C | Question # 5 Answer: A |




