IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 31:

  The ultimate penalty is generally _____ and _____guidelines are developed to ensure that the termination is warranted and that the employee has been adequately apprised of his or her behavioral problem:

  A. termination, formal
  B. discipline, informal
  C. evaluation, informal
  D. discipline, formal
  A. termination, formal

• Question 32:

  _______ involves the comparison of projected costs and projected dollar value of benefits associated with a project or decision. _________, in contrast to cost/benefit, compares the cost of a program or activity to a measurable unit of output or outcome (rather than to the estimated or actual dollar benefits).

  A. Cost/benefit analysis, Cost-effectiveness analysis
  B. Cost-effectiveness analysis, Cost/benefit analysis
  C. Ratio analysis, Cost-effectiveness analysis
  D. Regression analysis, Cost-effectiveness analysis
  A. Cost/benefit analysis, Cost-effectiveness analysis

• Question 33:

  Management must continually _________and develop clearly defined control objectives. The ________are the policies and procedures that help ensure that management's objectives are followed.

  A. Assess diversification risk, planning activities
  B. Assess price risk, organizing activities
  C. Assess business risk, Control activities
  D. Assess credit risk, planning activities
  C. Assess business risk, Control activities

• Question 34:

  Secondary customers are those people whose systems or processes are influenced by implementing audit recommendations. Secondary customers also include people who make direct use of the information contained in the audit report. All of the following are examples of secondary customers EXCEPT:

  A. High-level managers of agencies or bureaus.
  B. Local/city governments.
  C. Operating managers of agencies or bureaus.
  D. Special interest groups (e.g., consumer advocacy groups, social service organizations, industry and trade groups, etc.)
  B. Local/city governments.

• Question 35:

  An assessment of management controls can influence all of the following elements of the audit program EXCEPT:

  A. Structure
  B. Methodology
  C. Scope
  D. Objectives
  A. Structure

• Question 36:

  In the public sector, there are generally eight types of auditor's reports to be included in the financial statements, these are given below please choose the correct option:

  A. Auditor's report on the fair presentation of the financial statements.
  B. Auditor's report on compliance with general requirements for both major and non-major federal financial assistance programs.
  C. Auditor's report on compliance with specific requirements related to major federal financial assistance programs.
  D. All of the above.
  D. All of the above.

• Question 37:

  All of the following are the steps that should be followed to evaluate the reliability of performance data in cases where a performance measurement system does not exist EXCEPT:

  A. Develop recommendations to improve the existing system and issues audit report.
  B. Collect, present, and interpret data to describe conditions based on measures.
  C. If existing data are inadequate, design and implement a data collection instruments.
  D. Select appropriate performance criteria and measures.
  A. Develop recommendations to improve the existing system and issues audit report.

• Question 38:

  The concept of performance management shifts the focus of government decision-making and accountability away from monetary aspects to the activities undertaken to achieve results. And also effective performance management establishes programs and resources within the organization that address its agency-wide objectives and administers them through four phases:

  "plan, do, check, and act." Guiding principles include long-range planning, collaborative input, a "results" orientation, decisions based upon measurable data, and continuous improvement in outcomes.

  A. Effective performance management, performance management
  B. Autocratic management, effective performance management
  C. Performance management, effective performance management
  D. Consultative management, effective performance management
  C. Performance management, effective performance management

• Question 39:

  Financial management in the public sector differs significantly from its private-sector counterpart. The foundation of the public financial management system is based on the following principles EXCEPT:

  A. Democratic consent
  B. Accessibility
  C. Probity and Prudence
  D. Equity and Transparency
  B. Accessibility

• Question 40:

  Which of the following Advisories are submitted to a formal review process by The IIAs Professional Issues Committee or other group designated by the Guidance Planning committee?

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