IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 241:

  _________assess the overall effect of the program and are typically conducted on a periodic or as needed basis, in contrast to performance measurement, which is performed on an ongoing basis.

  A. Performance evaluation
  B. Program evaluations
  C. Evaluate employees
  D. Evaluate performance
  B. Program evaluations

• Question 242:

  The ____________ promulgates standards for government organizations. INTOSAI standards are a model for government audit standards, established and endorsed by the INTOSAI organization, but which must be adopted and/or modified by the _________ of any specific country in order to be used?

  A. Supreme Audit Institution (SAI), International Organization of Supreme Audit Institutions (INTOSAI)
  B. International Organization of Supreme Audit Institutions (INTOSAI), International Standards for the Professional Practice of Internal Auditing (ISPPIA)
  C. International Organization of Supreme Audit Institutions (INTOSAI), Supreme Audit Institution (SAI)
  D. International Standards for the Professional Practice of Internal Auditing (ISPPIA), Supreme Audit Institution (SAI)
  C. International Organization of Supreme Audit Institutions (INTOSAI), Supreme Audit Institution (SAI)

• Question 243:

  Following are examples of the intersection of public information with privacy include please choose the correct option:

  A. Private-sector contractors' proposals or unit cost information (proprietary information related to a business that was disclosed in a proposal to provide services to a unit of government).
  B. A and C only.
  C. Income levels of clients to determine eligibility for a service (for example, free and reduced price lunch programs).
  D. Mental health data, medical records, social services provided to clients (personal information retained for specific government programs).
  E. All of the above.
  E. All of the above.

• Question 244:

  Many are __________ applicable to all internal auditors, while others may be developed to meet the needs of internal auditors in a specific industry, audit specialty, or geographic area.

  A. Hurricane Advisories
  B. Product and services security Advisories
  C. Practice Advisories
  D. Security Advisories
  C. Practice Advisories

• Question 245:

  _______ can be defined as Bids shall be evaluated without discussions. Evaluations should be fairly apparent since price and price-related factors are the prevalent criteria. Where as________ can be defined as bidders must submit sealed bids to be opened at the time and place stated in the solicitation for the public opening of bids:

  A. Publicizing the invitation for bids, Preparation of invitations for bids.
  B. Evaluation of bids, Submission of bids
  C. Preparation of invitations for bids, Submission of bids
  D. All of the above.
  B. Evaluation of bids, Submission of bids

• Question 246:

  If the state and local governments are not ready to meet the guidelines of GASB 34, the consequences may be serious and costly. The implications of noncompliance include all of the following EXCEPT:

  A. Qualified or adverse opinion on financial statements from external auditors.
  B. Improves financial credibility.
  C. Possible regulatory violations and Diminished public trust.
  D. Decrease in bond rating and corresponding increase in cost of financing debt.
  B. Improves financial credibility.

• Question 247:

  The purpose of ___________audits of is to issue an opinion on the fairness of the financial statements and to evaluate the following assertions (explicit or implicit) by management:

  A. Ban reconciliation statement
  B. None
  C. Income
  D. Financial statements
  D. Financial statements

• Question 248:

  All of the following are characteristics of good governance EXCEPT:

  A. Involve people with the necessary knowledge, ability, and commitment to fulfill their responsibilities.
  B. Are not prepared to ensure that the organization's objectives are met and that performance is satisfactory.
  C. Fulfill their accountability obligations to those whose interests they represent by reporting on the organization's performance.
  D. Are prepared to ensure that the organization's objectives are met and that performance is satisfactory.
  B. Are not prepared to ensure that the organization's objectives are met and that performance is satisfactory.

• Question 249:

  Information used in reporting should be reviewed for accuracy and contain all of the following characteristics EXCEPT:

  A. Relevance and understandability
  B. Comparability and timeliness
  C. Consistency and reliability
  D. Planning an organizing
  D. Planning an organizing

• Question 250:

  All of the following are objectives of a centralized function EXCEPT:

  A. Summarizing reports to collect, analyze, and provide summary reports to the oversight body.
  B. Establishing reporting requirements to ensure that common budget and financial reports have similar characteristics and can be used for comparative analysis.
  C. Reducing the need for the development of guidelines for each individual agency.
  D. Not reducing the need for the development of guideless for each individual agency.
  D. Not reducing the need for the development of guideless for each individual agency.