IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 21:

  Measurement criteria are considered relevant when they relate directly to the mission, goals and objectives of the customer. All of the following are some possible examples of measurement criteria that could be used in performance audits EXCEPT:

  A. Ad hoc criteria by the auditors, such as comparisons to performance for a prior period, comparison of performance among branch offices or similar organizational divisions.
  B. Benchmark performance by comparable public or private sector operations.
  C. Legal or contractual requirements for specific performance (e.g., efficiency standards, quality standards or goals for outcomes to be achieved by a program).
  D. Customers feedback will be given the first and foremost importance.
  D. Customers feedback will be given the first and foremost importance.

• Question 22:

  All of the following are the General questions auditors need to answer when auditing an organization's control environment please chooses the correct option:

  A. Does management establish and maintain effective policies and procedures related to control?
  B. Does management communicate its support for controls throughout the organization?
  C. Does management provide a favorable control environment in the organization?
  D. All of the above
  D. All of the above

• Question 23:

  Techniques involved in conducting formative evaluations include all of the following EXCEPT:

  A. controlling and planning
  B. Program modeling and Equipment trials
  C. Direct observation by evaluators and Expert judgment
  D. Focus groups and Ethnographic analysis
  D. Focus groups and Ethnographic analysis

• Question 24:

  Taxation is the most common form of revenue generation for governments; however, there are other sources. All of the following are some of the common forms of revenue generation EXCEPT:

  A. Property tax -- this is the mainstay of most local governments and is a tax on land and improvements such as buildings.
  B. Income taxes that are paid as a percentage of your income.
  C. Flat tax -- the same tax rate is charged to all taxpayers.
  D. All the liabilities
  D. All the liabilities

• Question 25:

  Security controls reduce or prevent disruption of service, loss of assets, and unauthorized access to equipment. An effective physical security program is necessary to protect the system and data. All of the following are techniques for security control.

  A. Establish control over access to and within the facility.
  B. Implement a written and tested disaster contingency plan.
  C. Ensure that there are adequate backup power sources. alarms, and prevention equipment.
  D. All of the above
  D. All of the above

• Question 26:

  General Funds are the chief operating fund for a government is called the general fund, where as Special Revenue Funds are the funds that are used when the revenue sources are earmarked for a specific purpose (special tax or grant requirement);

  A. Special Revenue Funds, General Funds
  B. Program budgeting, Zero-based budgeting
  C. General Funds, Special Revenue Funds
  D. Integrated budget, Capital budgeting
  C. General Funds, Special Revenue Funds

• Question 27:

  __________have been developed to address historical concerns regarding government employment selection and compensation. Abuses of patronage systems in which the victor of political elections hired political allies led to the introduction of merit systems:

  A. Government personnel systems
  B. Public personnel systems
  C. Government regulatory systems
  D. Private personnel systems
  A. Government personnel systems

• Question 28:

  Which is the practice that an organization uses when the audit staff does not possess the needed skills, and management may temporally contract with a specialist to perform the needed function?

  A. Accountancy practice
  B. Fraud risk assessment practice
  C. Outsourcing
  D. Control
  C. Outsourcing

• Question 29:

  _________ is an independent, objective assurance and consulting activity designed to add value and improve organizations operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of ________, _________, and governance processes.

  A. Internal auditing, risk management, control
  B. Internal auditing, risk management, planning
  C. Internal auditing, content management, control
  D. External auditing, risk management, control
  A. Internal auditing, risk management, control

• Question 30:

  Enterprise risk management enables management to effectively deal with uncertainty and associated risk and opportunity, enhancing the capacity to build value. Value is maximized when management sets strategy and objectives to strike an optimal balance between growth and return goals and related risks, and efficiently and effectively deploys resources in pursuit of the entity's objectives. Enterprise risk management encompasses all of the following EXCEPT:

  A. Aligning risk appetite and strategy
  B. Enhancing risk response decisions and Seizing opportunities
  C. Reducing operational surprises and losses
  D. Risk Assessment
  D. Risk Assessment