IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 101:

  Within the new framework, the Guidance Task Force called for the development of three sets of standards please mark the correct answer:

  A. Attribute, Performance, and Implementation Standards.
  B. Attribute, Quality, and Implementation Standards.
  C. Attribute, Control, and Implementation Standards.
  D. Attribute, Planning, and implementation Standards.
  A. Attribute, Performance, and Implementation Standards.

• Question 102:

  There is ________ of Attribute and Performance Standards; however, there are _______of implementation Standards: a set for each of the major types of internal audit activity. The __________ have been established for assurance (A) and consulting (C) activities:

  A. One set, multiple sets, Attribution Standards
  B. One set, multiple sets, Implementation Standards
  C. One set, multiple sets, Performance Standards
  D. One set, multiple sets, Multiple Standards
  B. One set, multiple sets, Implementation Standards

• Question 103:

  A number of states and local governments have implemented initiatives for performance measurement and performance budgeting. Examples include all of the following EXCEPT:

  A. City of Portland Service Efforts and Accomplishments: 1991.
  B. Prince William County, Virginia.
  C. Commonwealth of Australia.
  D. City of Austin "Performance Measurement and Reporting" resolution, (September 1992).
  C. Commonwealth of Australia.

• Question 104:

  _________ covers matters affecting the operations of both the House of Representatives and Senate are usually initiated by means of concurrent resolutions. Where as _________ is a matter concerning the operation of either the House of Representatives or Senate alone is initiated by a simple resolution. They are not presented to the president for action.

  A. Bill, joint resolution
  B. Joint resolution, bill
  C. Concurrent resolutions, Simple resolutions
  D. Simple resolutions, joint resolution
  C. Concurrent resolutions, Simple resolutions

• Question 105:

  Which institution plays a major role in auditing government accounts and operations and in promoting sound financial management and accountability in their governments?

  A. International Standards for the Professional Practice of Internal Auditing (ISPPIA).
  B. Supreme Audit Institutions (SAIs)
  C. International Organization of Supreme Audit Institutions (INTOSAI) Standards.
  D. International Standards on Auditing (ISA).
  B. Supreme Audit Institutions (SAIs)

• Question 106:

  Some areas where auditors can assist in fraud prevention activities include all of the following given below please choose the correct option:

  A. Reviewing the adequacy of the organization's integrity violations policy.
  B. A and D only
  C. All of the above
  D. Confirming that related policies include specific references to prohibited activities and that the policies are properly distributed and effectively communicated to all employees.
  B. A and D only

• Question 107:

  Primary customers are those individuals or groups that sponsor the audit. All of the following are examples of primary customers EXCEPT:

  A. National governments.
  B. Regional/state governments.
  C. University and research groups.
  D. Local/city governments.
  C. University and research groups.

• Question 108:

  Financial statements which are fairly presented meet all of the following guide lines EXCEPT:

  A. Generally accepted accounting principles are used.
  B. Financial statements reflect underlying transactions and events in a way that facilities the presentation of the financial position, results of operations, and cash flows.
  C. Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions, and recommendations.
  D. Financial statements classify and summarize information in a reasonable manner
  C. Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions, and recommendations.

• Question 109:

  The purpose of the _________ is to organize the full range of internal audit guidance in a manner that is readily accessible on a timely basis. By encompassing current internal audit practice as well as allowing for future expansion, the _________ is intended to assist practitioners throughout the world in being responsive to the expanding market for high quality internal audit services.

  A. IIA, PPF
  B. PPF, IIA
  C. PPF, PPF
  D. IIA, IIA
  C. PPF, PPF

• Question 110:

  The application of appropriate standards depends on all of the following EXCEPT:

  A. The objective of the engagement
  B. Availability of information.
  C. Legally binding agreement
  D. Other mandates or local requirements relevant to the audit organization and the engagement itself.
  C. Legally binding agreement