IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 291:

  During the _______, the data are aggregated and formatted in a manner to facilitate management oversight of key measures. Where as the_______ involves management decision-making based upon the program evaluation.

  A. plan" phase, "do" phase,
  B. "do" phase, plan" phase,
  C. "check" phase, "act" phase
  D. "act" phase, "check" phase
  C. "check" phase, "act" phase

• Question 292:

  Using U.S. processes as an example, the following three distinct processes of creating laws are discussed in this section. All three processes impact the audit process as auditors must understand and be aware of applicable laws and regulations to effectively test for compliance. Given below are the processes please choosing the correct option?

  A. Legislative, Regulatory and judicial.
  B. Judicial, regularity of laws.
  C. Regulatory and judicial.
  D. None of the above.
  A. Legislative, Regulatory and judicial.

• Question 293:

  Following are the advantages of privatization listed below please choose the correct option:

  A. Increased potential for corruption and fraud as services are outsourced to multiple firms.
  B. Reduced control over services as services are outsourced to multiple firms.
  C. Limited numbers of potential vendors (increased costs).
  D. More responsiveness to service consumers and more metrics to measure performance as profit incentives are introduced.
  D. More responsiveness to service consumers and more metrics to measure performance as profit incentives are introduced.

• Question 294:

  Permanent Fund is the Endowment-like arrangements available to support the operations or programs of the government (e.g., cemetery perpetual care funds), where as ________are used when a government wants to recoup all or a portion of the cost of providing a service (i.e., utility charges, mass transit fees).

  A. Permanent fund, enterprise fund
  B. Program budgeting, Zero-based budgeting
  C. General Funds, Special Revenue Funds
  D. Debt Service Fund, Capital Projects Fund
  A. Permanent fund, enterprise fund

• Question 295:

  German sociologist Max Weber coined the term bureaucracy. All of the following are positive functions bureaucracies have EXCEPT:

  A. Levels of authority that enables decisions to be made.
  B. A division of labor that allows each employee to have specific functions and duties.
  C. Appointments to office are based on technical qualifications, not political contacts.
  D. A framework of rules that give employees direction about what they are supposed to do.
  C. Appointments to office are based on technical qualifications, not political contacts.

• Question 296:

  The scope of the audit defines the boundaries of the audit by addressing such items as the audit period or number of locations to be reviewed. Some important considerations when defining the scope of an audit include all of the following given below EXCEPT:

  A. Program or management objectives (e.g., the audit may be limited to a specific program within an organization).
  B. Determine how audit findings should be formulated.
  C. Risks identified (inherent and control risks), also called level of risks and extent of vulnerability to the risk/strength of control activities.
  D. Type and extent of problems found in prior years' audit reports and Preliminary judgment about materiality levels.
  B. Determine how audit findings should be formulated.

• Question 297:

  The purpose of an __________is to have an independent assessment of the quality of the audit units work. Also __________ focus on assessing the extent the audit organization followed applicable standards in conducting its work:

  A. Internal reviews, external reviews
  B. External reviews, external reviews
  C. Formal reviews, external reviews
  D. External reviews, internal reviews
  B. External reviews, external reviews

• Question 298:

  The audit committee should be made up of individuals who are independent of the day-to-day management of the public sector entity and who have the necessary program and /or management expertise to perform their review function effectively. The responsibilities of the audit committee should be stated in a _______, _______ or _______that is approved by the full board or governing body of the public sector entity, as appropriate.

  A. Informal, written charter or equivalent document
  B. Legal, written charter or equivalent document
  C. Formal, verbal charter or equivalent document
  D. Formal, written charter or equivalent document
  D. Formal, written charter or equivalent document

• Question 299:

  Some important elements of supervision include all of the following given below please choose the correct option:

  A. Instructing staff members and Developing staff performance expectations.
  B. Planning audit work and reviewing work performed.
  C. A and B only.
  D. All of the above.
  C. A and B only.

• Question 300:

  Systems software consists of computer programs and related routines that control computer processing. Control techniques for systems software include all of the following EXCEPT:

  A. Securing dial-up lines for access to computer resources.
  B. Setting appropriate system parameters and security options for operating systems.
  C. Controlling procurement and maintenance of software licenses.
  D. Using the security features of security software effectively.
  A. Securing dial-up lines for access to computer resources.