CGAP IIA-CGAP Reddit Questions

Certified Government Auditing Professional Questions and Answers

Question 17

COSO was a private-sector initiative started in the 1980s to address the problem of fraudulent financial reporting. Problems continued to persist in the 1980s and the private sector was wary of additional government intervention, so all of the following five organizations banded together to form COSO please choose the correct option:

Options:

American Institute of Certified Public Accountants

Financial Executives Institute and American Accounting Association

Institute of Management Accountants and the Institute of Internal Auditors

All of the above

Question 18

Methods of analyzing data in summative evaluations include all of the following EXCEPT:

Options:

Content analysis

Experiments

Interviews.

Contact summary form

Question 19

Grants are used by governments to operate programs and provide services. Common types of grant classifications include the following given below please choose the correct option:

Options:

Formula grants — legally mandated funding levels and restrictions on eligible grantees, with little or no discretion being exercised by the grantor.

Project grants — Similar to contracts because grantors agree to pay the grantee for services, performance, or a specific project.

Construction grants — Awarded only for construction of permanent facilities.

All of the above.

None of the above.

Question 20

Auditing plays an important role in ensuring accountability. Through its various forms (internal and external), auditing provides a method of control to help ensure that objectives are realized in an appropriate manner. Some broad areas covered by audits include all of the following EXCEPT:

Options:

The accuracy and completeness of records.

Compliance with laws, regulations, contract terms, policies, and procedures.

complexity of objectives.

Economy and efficiency of operations.

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Certified Government Auditing Professional Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce