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• In Canada: 65,000 USD to 90,000 USD
• In Australia: A$60,000 - 90,000
• In Germany: €40,000 to €80,000.
• In India: ₹ 8,00,000 - 12,50,000
• In the United States: $60,000 to 100,000

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The IIA Certification in Risk Management Assurance (CRMA) is the leading global credential for risk professionals. This examination is designed to test for knowledge and understanding of the principles, practices, and concepts related to risk management assurance. The exam is for risk management practitioners who are involved in all phases of the achievement of an organization's risk strategy. This includes design, development, implementation, monitoring, and management of the risk management framework.

In this article, you will learn about the planning, preparation, and execution of your study for the CRMA certification exam. Here we will also discuss the topics, preparation resources like IIA-CRMA exam dumps, and information about this certification. Organizational management processes review, and performance management subjects will also be covered in this article.

IIA Certification in Risk Management Assurance (CRMA) Exam Sample Questions (Q28-Q33):

NEW QUESTION # 28
Which of the following would not be a red flag for fraud?

• A. A weak control environment has been accepted by management to encourage creativity.
• B. A manager has bragged about multiple extravagant vacations taken within the last year, which are excessive relative to the manager's salary.
• C. Several recent, large expenditures to a new vendor have not been documented.
• D. New employees occasionally fail to meet established project deadlines due to staffing shortages.

Answer: D

NEW QUESTION # 29
Which of the following actions indicates a lack of due professional care by an internal auditor performing an audit of a store's cash function?

• A. The audit report included a well-supported recommendation for a reduction in staff even though such a reduction might adversely impact morale.
• B. The auditor tested samples of transactions to test the cash function's process flows.
• C. After determining that the cash function internal controls were strong, the audit report assured senior management that fraud was not present.
• D. The auditor discovered an instance of potential fraud and reported it immediately to management, but did not alert authorities outside the organization.

Answer: C

NEW QUESTION # 30
Which of the following audit procedures would provide the most relevant information to identify discrepancies between budgeted versus actual raw material consumption in a production facility?

• A. Analytical review.
• B. Inquiry.
• C. Observation.
• D. Document verification.

Answer: A

NEW QUESTION # 31
What is the primary benefit to the internal audit activity for undertaking an internal quality assessment?

• A. To help the internal audit activity complete its annual assurance plan.
• B. To identify key risks and areas of concern within the organization.
• C. To help improve the overall quality of the internal audit activity's work.
• D. To identify inefficiencies within the internal audit team.

Answer: C

NEW QUESTION # 32
Why is it important for the chief audit executive to periodically review the audit charter and present the results to senior management and the board?

• A. Because management requires the review to measure effectiveness of the internal audit activity.
• B. So that the individual objectivity of the internal audit staff can be more clearly established.
• C. So that there is assurance of the internal audit staff's proficiency to complete audit activities.
• D. Because changes in the organization may impair the internal audit activity's ability to meet its objectives.

Answer: D

NEW QUESTION # 33
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