IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 11:

  Internal controls consist of all of the following interrelated components please choose the correct option:

  A. Control Environment and Risk Assessment
  B. Control Activities and Information and Communication
  C. Monitoring
  D. All of the above
  D. All of the above

• Question 12:

  If specific integrity violations are suspected or detected, auditors may find it necessary to seek guidance from legal counsel, investigative staff, or law enforcement officials to get all of the following information EXCEPT:

  A. Identify applicable laws and regulations.
  B. Design specific tests of compliance with applicable laws and regulations.
  C. Changing the results of the audit or investigation.
  D. Assist with areas of the audit or investigation requiring special expertise.
  C. Changing the results of the audit or investigation.

• Question 13:

  An audit of systems development activities may include a review of all of the following EXCEPT:

  A. Adequacy of systems development standards and methodology.
  B. Testing requirements for new systems and major modifications to existing systems.
  C. Testing requirements, including requirements for user and programmer testing.
  D. Controls associated with placing authorized programs into production.
  C. Testing requirements, including requirements for user and programmer testing.

• Question 14:

  The right of the public to protect its own interests by seeking information, and also limiting the manner in which personal records can be used, has affected government practices in all of the following areas listed below EXCEPT.

  A. Agency responsibilities -- each agency should provide guidance to the public that describes its policies and procedures and steps required to request information. Upon receiving a valid request, a government agency must provide the relevant record(s) in a prompt, no solicitous manner.
  B. Elected or appointed officials -- sunshine laws have done away with private "behind closed doors" meetings where decisions, which directly impact citizens, were once made.
  C. Confidential or inside information -- using a government position and knowledge of government initiatives to make financial gain. For example, purchasing a piece of property that will be adjacent to a proposed government project.
  D. Customer/client privacy -- some information is exempt from the public, and conversely, individuals have the opportunity to amend any errant information with regard to themselves.
  C. Confidential or inside information -- using a government position and knowledge of government initiatives to make financial gain. For example, purchasing a piece of property that will be adjacent to a proposed government project.

• Question 15:

  _________addresses performance measures by requiring all major federal agencies to prepare a financial statement that reflects not only the agency's financial position, but also the results of operations of the agency's offices, bureaus, and activities.

  A. Small Business Act (1953)
  B. The government Management Reform Act of 1994 (GMRA)
  C. British Trade Boards Acts (2009)
  D. The Chief Financial Officers Act of 1990 (CFO)
  B. The government Management Reform Act of 1994 (GMRA)

• Question 16:

  Comprehensive annual financial report (CAFR) is the report that encompasses all funds and account groups of the primary government (including its blended component units). The CAFR should also encompass all discretely presented component units of the reporting entity. Every CAFR must contain three basic sections are given below please choose the correct option:

  A. Introductory -- Provides general information on the government's structure, personnel, and finances.
  B. Comparability -- Reports should be generally consistent to provide a comparison between entities.
  C. Financial -- Provides information on fund types, individual funds, and account groups.
  D. Statistical -- Provides trend and demographic data to present financial indicators and other useful information to assess a government's financial condition.
  B. Comparability -- Reports should be generally consistent to provide a comparison between entities.

• Question 17:

  Criteria to use for selection of performance measures and data collection procedures include all of the following EXCEPT:

  A. Appropriateness and Validity.
  B. Uniqueness, Completeness and Comprehensibility.
  C. Planning, Controlling and Organizing
  D. Control ability and Timeliness of Feedback.
  C. Planning, Controlling and Organizing

• Question 18:

  Strategic planning in government is the process of making decisions about how to achieve an entity's mandates and goals and determining the resources required to accomplish those goals. Where as Strategic plans should be updated on a regular basis and are long-term in nature:

  A. Strategic plans, long-term Strategic, planning
  B. Strategic planning, Short-term, Strategic plans
  C. Strategic planning, Strategic plans, long-term
  D. Strategic planning, Strategic plans, short-term
  C. Strategic planning, Strategic plans, long-term

• Question 19:

  The Canadian Comprehensive Auditing Foundation (CCAF) lists the following 12 attributes that management should be reporting on regarding the effectiveness of their organizations. Please choose the correct option:

  A. The extent to which the organization provides an appropriate work environment for its Employees, safeguarding of assets and Monitoring and reporting of performance
  B. Management direction (e.g., clarity of objectives), continued relevance of a program, appropriateness of program design and Achievement of intended results.
  C. Satisfaction of clients or stakeholders, Secondary impacts, Costs and productivity, Responsiveness to changed circumstances and financial results.
  D. All of the above.
  D. All of the above.

• Question 20:

  The purpose of compliance audits is to test the organizations conformity with some objective standard or criteria. All of the following are attributes that contribute to an effective compliance system EXCEPT:

  A. Requirements are documented and operating procedures are aligned with the requirements in such a manner as to ensure compliance and staff and management are aware of applicable requirements.
  B. The organization has assigned adequate responsibility for such matters as monitoring organizational goals and objectives, operating functions, and regulatory requirements.
  C. Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).
  D. The organizational has a policy regarding acceptable operating practices and codes of conduct.
  C. Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).