File Info
| Exam | Certified Government Auditing Professional |
| Number | IIA-CGAP |
| File Name | IIA.IIA-CGAP.Pass4sures.2019-04-10.73q.tqb |
| Size | 243 KB |
| Posted | Apr 10, 2019 |
| Download | IIA.IIA-CGAP.Pass4sures.2019-04-10.73q.tqb |
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Demo Questions
Question 1
The characteristics of ____________ will vary based on the _____ of the audit unit and the nature of its work. Where as the frequency of required quality assurance reviews varies based on the _____ of standards followed.
- Internal quality control systems, length, type
- External quality control systems, size, type
- External quality control systems, quality, type
- Internal quality control systems, size, type
Correct answer: D
Question 2
All of the following are the Specific aspects of proper audit supervision EXCEPT:
- Ensuring that staff auditors are qualified to perform their assignments and verifying that audit working papers adequately support audit findings, conclusions, and recommendations.
- Providing clear and timely instructions to staff so audit objectives are achieved.
- Approving the audit program and ensuring that it is followed, unless approved changes are made.
- Implemented adequate audit policies and procedures.
Correct answer: D
Question 3
There are _________of audit planning. The first type, which is the focus of this section, involves managements role in setting up ___________, authorizing appropriate resources, and selecting the functional areas to be audited. The second type of audit planning, which is discussed in Section II.C.2, involves the _________ associated with specific audits.
- Three types, the audit function, controlling
- Three types, the control function, planning
- Two types, the audit function, planning
- Two types, the planning function, planning
Correct answer: C
Question 4
The risk analysis process involves all of the following given below EXCEPT:
- Identify auditable activities (programs, accounts, contracts, transactions).
- Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration)
- Do not Estimate the likelihood that a risk will occur and do not determine how to manage the risks.
- Estimate the likelihood that a risk will occur and prioritize risks.
Correct answer: C
Question 5
All of the following are guidelines for effective personnel management EXCEPT:
- Plan for personnel needs and review hiring results periodically to determine whether personnel needs are being achieved.
- Estimate the significance of a risk (magnitude of exposure in dollars or other type of measure, type of threat, duration, etc.)
- Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).
- Develop procedures to identify sources of potential hires, methods of contacting and attracting potential hires, and methods of evaluating and selecting potential hires.
Correct answer: B
Question 6
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?
- Control
- Fraud risk assessment practice
- Outsourcing
- Accountancy practice
Correct answer: B
Question 7
Government auditing serves a variety of customers. What are the three main types of customers which they serve please mark the correct one?
- Potential customers, secondary customers, and beneficiaries.
- Primary customers, final customers, and beneficiaries.
- Loyal customers, secondary customers, and beneficiaries.
- Primary customers, secondary customers, and beneficiaries.
Correct answer: B
Question 8
The purpose of compliance audits is to test the organizations conformity with some objective standard or criteria.
All of the following are attributes that contribute to an effective compliance system EXCEPT:
- Requirements are documented and operating procedures are aligned with the requirements in such a manner as to ensure compliance and staff and management are aware of applicable requirements.
- The organization has assigned adequate responsibility for such matters as monitoring organizational goals and objectives, operating functions, and regulatory requirements.
- Provide continuing education and training for staff (external or in-house training courses, professional conferences, or seminars).
- The organizational has a policy regarding acceptable operating practices and codes of conduct.
Correct answer: C
Question 9
The audit function within government provides all of the following benefits EXCEPT:
- Prompt implementation of audit recommendations.
- The audit function helps keep governments accountable to the public by measuring adherence to established laws, regulations, and controls, and the effectiveness, economy, and efficiency of operations.
- The audit function provides objective assurance to oversight bodies about the reliability and credibility of financial and performance reports produced by management.
- Input from audits can help employees improve their overall job performance and adherence to establish controls.
Correct answer: A
Question 10
Beneficiaries are people who may never read the audit report, but whose services are improved because the audit was conducted.
All of the following are examples of beneficiaries EXCEPT:
- General public.
- Clients of the audited program.
- Special interest groups (e.g., consumer advocacy groups, social service organizations, industry and trade groups, etc.).
- Clients of the audited program and general public.
Correct answer: C
