IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 281:

  The customer-driven approach operates under the business model where all efforts are geared toward developing and retaining the customer base. This approach promotes the ability to react and adapt to customer needs and to provide services in an efficient and effective manner:

  A. autocratic, react and adapt
  B. customer-driven, act and adapt
  C. bureaucratic, react and adapt
  D. customer-driven, react and adapt
  D. customer-driven, react and adapt

• Question 282:

  A code of ethics is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about risk management, control, and governance. The IIA's Code of Ethics extends beyond the definition of internal auditing to include the following essential Components please chooses the correct option:

  A. Rules of Conduct that describe behavior norms expected of internal auditors
  B. Principles that is relevant to the profession and practice of internal auditing
  C. All of the above
  D. None of the above
  C. All of the above

• Question 283:

  The purpose of __________ is to promote an ethical culture in the profession of internal auditing. A ___________ is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about risk management, control, and governance:

  A. Code of ethics, The IIA's Code of Ethics
  B. The IIA's Code of Ethics, Code of ethics
  C. Code of ethics, PPF Code of Ethics
  D. PPF Code of Ethics, Code of ethics
  B. The IIA's Code of Ethics, Code of ethics

• Question 284:

  Audit standards were developed and are followed for all of the following reasons EXCEPT:

  A. To provide uniform guidance to auditors and to establish a basis for conducting internal and external reviews of quality audits.
  B. To build credibility and confidence in the auditing profession.
  C. To inform customers (the public, public officials, management, stockholders, etc.) about the role of auditing.
  D. Audit staff qualifications and Quality control
  D. Audit staff qualifications and Quality control

• Question 285:

  Elements of public accountability Include all of the following EXCEPT:

  A. Performance budgeting and reporting.
  B. Financial reporting and open government.
  C. Remoteness and Complexity
  D. Evaluations and Monitoring
  D. Evaluations and Monitoring

• Question 286:

  With regard to __________, the auditor should prepare a written report, which may either be a part of the report on the ____________ or a separate report on the tests of compliance with applicable laws and regulations. The report should contain a statement of positive assurance on those items tested for compliance and negative assurance on those items not tested:

  A. Regularity audits, financial statements
  B. Financial statements, regulatory audits
  C. Operational audits, financial statements
  D. Income statements, financial audits
  A. Regularity audits, financial statements

• Question 287:

  ________is one in which each specific budgetary account is allocated to a narrow purpose (such as travel, supplies, personnel).where as ________are the entity's efforts to tie the results of the activities or programs to the cost of operating the programs.

  A. The line-item budget, Performance budgets
  B. Performance budgets, the line-item budget
  C. Zero-based Budget, Integrated Budget
  D. Program Budget, Executive Budget
  A. The line-item budget, Performance budgets

• Question 288:

  Following are the field standards that are applicable to all types of audits EXCEPT:

  A. The controller, in determining the extent and scope of the audit, should study and evaluate the reliability of internal control.
  B. Competent, relevant, and reasonable evidence should be obtained to support the auditor's judgment and conclusions regarding the organization, program, activity, or function under audit.
  C. The auditor should plan the audit in a manner which ensures that an audit of high quality is carries out in an economic, efficient, and effective way and in a timely manner.
  D. The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.
  A. The controller, in determining the extent and scope of the audit, should study and evaluate the reliability of internal control.

• Question 289:

  If the audit organization has done what is given below then in general, reviewers can conclude there is reasonable assurance that an internal quality control system is effective. Please mark the correct option:

  A. Not allowed applicable auditing standards.
  B. Not implemented adequate audit policies and procedures.
  C. Followed applicable auditing standards.
  D. Not followed applicable auditing standards
  C. Followed applicable auditing standards.

• Question 290:

  The statistical section contains provides trend data and other nonfinancial information to assist in assessing a government's financial condition. All of the following are the components of this section EXCEPT:

  A. General governmental expenditures and revenues for the past 10 years.
  B. Special assessments and collections for the past 10 years.
  C. Property tax levies and assessed value information for the past100 years.
  D. Revenue bond coverage for the past 10 years.
  C. Property tax levies and assessed value information for the past100 years.