IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 181:

  All of the following factors influence the state of an organization's control environment EXCEPT:

  A. An inconsistent or unfair employee performance evaluation, compensation, and promotion system.
  B. Whether the code of conduct and ethics policy are communicated to employees and enforced by management in a sound and consistent manner.
  C. Employees are held accountable for their performance.
  D. Whether management emphasizes and values competence, integrity, and ethical behavior.
  C. Employees are held accountable for their performance.

• Question 182:

  The plans developed for the audit function should be updated as circumstances dictate. All of the following are Specific types of plans included EXCEPT:

  A. Goals for the audit unit and criteria to measure progress toward achieving goals.
  B. Followed applicable auditing standards.
  C. Staffing plans and financial budgets and activity reports.
  D. Audit work schedules (e.g., activities to be audited, time frames for audit, resource estimates).
  B. Followed applicable auditing standards.

• Question 183:

  The AICPA professional standards identify all of the following internal control components EXCEPT:

  A. Control environment and risk assessment
  B. Assessing diversification risk
  C. Control activities and monitoring1
  D. Information and communication
  B. Assessing diversification risk

• Question 184:

  Which committee of IFAC issues pronouncements aimed at developing and harmonizing public sector financial reporting, accounting, and auditing practices while Public sector refers to national governments, regional (state, provincial, territorial) governments, local (city, town) governments, and related governmental entities (agencies, boards, commissions, and enterprises)?

  A. Ethic's committee
  B. General rules and regulation committee
  C. Public Sector Committee (PSC)
  D. Advisory committee
  C. Public Sector Committee (PSC)

• Question 185:

  _________is defined as the ongoing monitoring and reporting of program accomplishments, particularly progress toward established goals.

  A. Quality measurement
  B. Performance measurement
  C. Quantity measurement
  D. Control measurement
  B. Performance measurement

• Question 186:

  All of the following are the standards common to auditors and SAIs EXCEPT:

  A. The auditor and the SAI must not be independent.
  B. The auditor and the SAI must possess the required competence.
  C. The auditor and the SAI must be independent.
  D. The auditor and the SAI must exercise due care and concern in complying with the INTOSAI auditing standards.
  C. The auditor and the SAI must be independent.

• Question 187:

  Who gather and analyze information and control structures in order to evaluate whether public agencies are accomplishing their objectives or not?

  A. Controllers
  B. Planners
  C. Auditors
  D. Leaders
  C. Auditors

• Question 188:

  The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. All of the following given below are some of the advantages of direct delivery of services by government employees EXCEPT:

  A. Existing government employees might be expected to have a more thorough understanding of program objectives than a private-sector contractor hired for a one-year contract.
  B. Often viewed as a more economical approach (for example, a new program is assigned to existing staff and indirect costs are not included in the analysis).
  C. Increased lead time for deployment of new programs as internal staff resources are allocated among current and proposed programs.
  D. Existing government employees might be expected to have increased knowledge of government regulations and requirements and the environment surrounding the program.
  C. Increased lead time for deployment of new programs as internal staff resources are allocated among current and proposed programs.

• Question 189:

  _________serves in a unique capacity as an important communication link among external and internal auditors and operating management, and as a means of reducing the risk of management override of key elements of a public sector entity's internal control structure:

  A. The audit committee
  B. Cabinet committees
  C. Official committees
  D. Standing committees
  A. The audit committee

• Question 190:

  All of the following are levels of ethics, each of which has its own sets of responsibilities EXCEPT:

  A. Organizational ethics -- the environment or culture of an organization and formal and informal rules of conduct. These can also include specific laws and regulations.
  B. Personal morality -- the basic sense of right and wrong is a function of social mores, parental influence, religious background, and personal experiences.
  C. Corporate social responsibility or CSR: an umbrella term under which the ethical rights and duties existing between companies and society is debated.
  D. Professional ethics -- professional norms and rules that govern a profession. Some professions, such as auditing, have professional codes of conducts (such as the IIA's Code of Ethics).
  C. Corporate social responsibility or CSR: an umbrella term under which the ethical rights and duties existing between companies and society is debated.