IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 231:

  Security administration is responsible for security over the computer facility, including all aspects of physical and data security. Following is a list of Control techniques for security administration please chooses the correct option:

  A. Ensuring that the computer security administration function is independent of computer operations.
  B. Ensure that there are adequate backup power sources, alarms, and prevention equipment
  C. A and D
  D. Ensuring that users and employees are counseled on security considerations.
  C. A and D

• Question 232:

  The introductory section contains information that is not necessarily related to the financial statement. The introductory section is outside of the audit scope; however, it must be reviewed by the independent auditors to ensure that it does not contain misleading information or contradict the financial information. Components of the introductory section include all of the following EXCEPT:

  A. Report cover
  B. Title page
  C. Certificate of achievement
  D. Offer letter
  D. Offer letter

• Question 233:

  All of the following are Methods of measuring performance EXCEPT:

  A. Manual tracking and summarizing of activity.
  B. Routine collection of data either through entry or upload into automated systems.
  C. Periodic sampling, such as through citizen surveys, random time studies, or random sampling of agency data.
  D. Calculations based on current trends.
  D. Calculations based on current trends.

• Question 234:

  _______can be defined as the Equipment, facilities, people, supplies, or services used to produce a product or service. Where as _________is the mechanism that links the costs of resources to the activities that use the resources.

  A. resource, resource driver
  B. activity, activity driver
  C. activity, cost driver
  D. cost driver, activity
  A. resource, resource driver

• Question 235:

  The goal of the comprehensive approach is to identify potential significant control weaknesses for further review. All of the following are the general steps in the process EXCEPT:

  A. Select a sample of transactions and determine if processes and controls are functioning as intended.
  B. Document and evaluate work processes and controls.
  C. Determine or estimate the effect of control weakness of program goals and objectives.
  D. Acceptance of audit findings and corrective action taken.
  A. Select a sample of transactions and determine if processes and controls are functioning as intended.

• Question 236:

  All of the following items are often contained in written auditing policies and procedures in the management of an audit function EXCEPT:

  A. Definition of the audit unit's responsibilities, goals, and objectives and Legislative or other source of audit authority
  B. The reporting relationship between the audit unit and management and/or the governing Body and The process for hiring and dismissing auditors
  C. Access to information and people and the scope of work to be undertaken
  D. There must not be written rules.
  D. There must not be written rules.

• Question 237:

  _________ is a contract that provides for payment of allowable incurred costs to the extent prescribed in the contract. Where as ___________ a cost-reimbursement contract in which the contractor receives no fee and is reimbursed only for an agreed-upon portion of its allowable 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
  C. Cost-reimbursement, cost sharing

• Question 238:

  The mission of the _________is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports, and guide and educate the public, including issuers, auditors, and users of those financial reports. ___________establishes new requirements for the annual financial reporting for state and local government.

  A. Generally Accepted Accounting Principles (GAAP), GASB's Statement No. 34
  B. GASB's Statement No. 34, Generally Accepted Accounting Principles (GAAP),
  C. UNIFORM BUDGETING AND ACCOUNTING ACT Act 2 of 1968, GASB's Statement No. 34
  D. Governmental Accounting Standards Board (GASB), GASB's Statement No. 34
  D. Governmental Accounting Standards Board (GASB), GASB's Statement No. 34

• Question 239:

  Managers should develop budgets for time and dollars. Variables to consider when preparing budgets include all of the following EXCEPT:

  A. Goals of the project and Availability of data.
  B. Cooperation level of customer management and Projected travel (e.g., whether customer information is centralized or decentralized).
  C. None of the above.
  D. All of the above.
  D. All of the above.

• Question 240:

  The policies that promote and support revenue generation often have an impact on auxiliary areas such as the economy. The economic policy of a central government generally consists of three dimensions which are given below please choose the correct option:

  A. Budgeting policy
  B. Monetary policy
  C. Fiscal policy
  D. Policies with economic implications
  B. Monetary policy
  C. Fiscal policy
  D. Policies with economic implications