IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 121:

  The primary purpose of budgeting is to allocate resources among government activities. All of the includes the basic framework for budgeting EXCEPT:

  A. Planning
  B. Evaluation
  C. Control
  D. Accountability
  A. Planning

• Question 122:

  ______ quantify the amount of resources used or planned for a specific service or program. Where as________report quantities of products or services delivered by a program or agency.

  A. Quality measures Output measures
  B. Output measures control measures
  C. Output measures Input measures
  D. Input measures Output measures
  D. Input measures Output measures

• Question 123:

  The following is a list of background items auditors should review to determine their impact on audit objectives please choose the correct option:

  A. The purpose and goals for a specific program or the entire organization.
  B. Organizational data (e.g., organizational charts, job descriptions, policy and procedure manuals, information system manuals).
  C. A and B only.
  D. None of the above.
  C. A and B only.

• Question 124:

  One mechanism to help ensure the proper application of audit standards is through ____________. The purpose of _______________ is to provide feedback to management on the effectiveness of the quality control policies and procedures of an organization:

  A. An external quality review process
  B. An internal quality review process
  C. Organizational review process
  D. Audit review process
  B. An internal quality review process

• Question 125:

  _____________involves interviews, observations, and inspections appropriate to the audit objectives. Auditors often design tests of specific management controls based on information gained in previous audits:

  A. Market control management
  B. Bureaucratic control management
  C. Testing management controls
  D. Clan control
  C. Testing management controls

• Question 126:

  The financial section contains summarized and detailed financial information and is organized in a financial reporting pyramid format. Components of the financial section include all of the following given below EXCEPT:

  A. The report of the independent auditor
  B. Work sheets
  C. Combined balance sheets
  D. Basic financial statements
  B. Work sheets

• Question 127:

  All of the following are the reporting standards in government auditing EXCEPT:

  A. The auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.
  B. It is for the SAI to which they belong to decide finally on the action to be taken in relation to fraudulent practices or serious irregularities discovered by the auditors.
  C. At the end of each audit the auditor should prepare a written opinion or report, as appropriate, setting out the findings in an appropriate form; its content should be easy to understand and be independent, objective, fair, and constructive.
  D. The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.
  A. The auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.
  C. At the end of each audit the auditor should prepare a written opinion or report, as appropriate, setting out the findings in an appropriate form; its content should be easy to understand and be independent, objective, fair, and constructive.

• Question 128:

  All of the following are the examples Purchasing/Inventory Red Flags EXCEPT:

  A. Increase in purchasing inventory but no increase in productivity.
  B. Customer complaints that they are not receiving notices for nonpayment on account.
  C. Payments to vendors who are not on approved vendor list.
  D. Vendors without physical addresses.
  B. Customer complaints that they are not receiving notices for nonpayment on account.

• Question 129:

  Grants are used by governments to operate programs and provide services. Common types of grant classifications include the following given below please choose the correct option:

  A. Formula grants -- legally mandated funding levels and restrictions on eligible grantees, with little or no discretion being exercised by the grantor.
  B. Project grants -- similar to contracts because grantors agree to pay the grantee for services, performance, or a specific project.
  C. Construction grants -- awarded only for construction of permanent facilities.
  D. All of the above.
  E. None of the above.
  D. All of the above.

• Question 130:

  Who should approve the charter for government entities?

  A. The governing body (e.g., legislature, city council, or board)
  B. Government institutions
  C. A direct or chief
  D. The head of the unit or agency
  B. Government institutions