IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 131:

  Although a government can have as many funds as it wishes, all of the funds must be classified into one of the following fund types EXCEPT.

  A. Proprietary Funds
  B. Property funds
  C. General funds
  D. Governmental Funds
  B. Property funds
  C. General funds

• Question 132:

  Samples can be made more efficient by using either of the following methods please choose the correct option:

  A. Sequential or stop-or-go sampling and Discovery sampling
  B. Stratified sample and Probability samples
  C. Judgment samples and Probability samples
  D. Probability samples and Stratified sample
  A. Sequential or stop-or-go sampling and Discovery sampling

• Question 133:

  The IIA has developed the Professional Practices Framework (PPF). In general, a framework provides a structural blueprint of how a body of knowledge and guidance fits together. As a coherent system, it facilitates all of the following to a discipline or profession EXCEPT:

  A. Communication skills
  B. Application of concepts
  C. Consistent development
  D. Interpretation and methodologies
  A. Communication skills

• Question 134:

  ________can be defined as Contractual agreements can end either naturally (i.e., by reaching the termination date or delivery of the final product) or by other means. Where as ______can be define as the contractor shall maintain adequate accounting records and supporting documents to verify the amounts, recipients, and uses of all payments and funds received in conjunction with the contract for a designated period of time:

  A. Anti-kickback or non-bribery clause, right to audit
  B. Conflict of interest disclosure, anti-kickback or non-bribery clause
  C. Contract termination, right to audit
  D. Right to audit, property rights of the end product
  C. Contract termination, right to audit

• Question 135:

  All of the following are the Specific aspects of proper audit supervision EXCEPT:

  A. Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions, and recommendations.
  B. Providing clear and timely instructions to staff so audit objectives are achieved.
  C. Approving the audit program and ensuring that it is followed, unless approved changes are made.
  D. Implemented adequate audit policies and procedures.
  D. Implemented adequate audit policies and procedures.

• Question 136:

  All of the following are the additional terms that, although not mutually exclusive, help define budget authority EXCEPT:

  A. Temporary authority
  B. Definite appropriation authority
  C. Indefinite appropriation authority
  D. Current authority
  A. Temporary authority

• Question 137:

  Typical methodologies used to conduct summative evaluations include all of the following EXCEPT:

  A. Case studies
  B. Examination of documents or data analysis.
  C. Experimental and quasi-experimental, and interrupted time-series measurements
  D. Interviews.
  A. Case studies
  C. Experimental and quasi-experimental, and interrupted time-series measurements

• Question 138:

  ________includes objectives related to an organization's goals, such as customer service, the safeguarding and efficient use of resources, profitability, and meeting social obligations. Where as __________includes objectives related to matters such as the maintenance of proper accounting records, the reliability of information used within the organization, and of information published for third parties.

  A. Reliability of internal and external reporting, Effectiveness and efficiency of operations.
  B. Reliability of external and external reporting, Effectiveness and efficiency of operations.
  C. Reducing operational surprises, Effectiveness and efficiency of operations.
  D. Effectiveness and efficiency of operations, Reliability of internal and external reporting.
  D. Effectiveness and efficiency of operations, Reliability of internal and external reporting.

• Question 139:

  ________ a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. Where as ________ is a costreimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs:

  A. Cost sharing, cost-plus-incentive-fee
  B. Cost-plus-fixed-fee is, cost-plus-incentive-fee
  C. Cost-reimbursement, cost sharing
  D. Cost-plus-incentive-fee, cost sharing
  B. Cost-plus-fixed-fee is, cost-plus-incentive-fee

• Question 140:

  In what ways Performance auditors provide information to government policymakers?

  A. Developing methods and approaches to evaluate a new or a proposed program
  B. By giving informal reports
  C. Developing conclusions about economy, efficiency, and effectiveness of government programs and making recommendations for improvement.
  D. By not performing investigate work.
  C. Developing conclusions about economy, efficiency, and effectiveness of government programs and making recommendations for improvement.