IIA-CGAP Exam Practice Test Instant Access

Question 1

The goal of the comprehensive approach is to identify potential significant control weaknesses for further review. All of the following are the general steps in the process EXCEPT:

ADocument and evaluate work processes and controls.

BAcceptance of audit findings and corrective action taken.

CSelect a sample of transactions and determine if processes and controls are functioning as intended.

DDetermine or estimate the effect of control weakness of program goals and objectives.

Answer : C

Question 2

_______considers the processes associated with the program or factors in the program environment to determine which components adversely affect effectiveness or do not add value to the program's goals.

ASummative program evaluations

Bperformance program evaluations

Cemployee's program evaluation

DFormative program evaluation

Answer : D

Question 3

Groups may be informal (e.g., peer groups) or formal (e.g., work groups defined by

management). Members of the group can have either assigned or adopted roles. Groups also develop a set of norms, or accepted standards of behavior, which group members are expected to follow.

Ainformal, formal, organization members

Binformal, formal, community members

Cformal, informal, group members

Dinformal, formal, group members

Answer : D

Question 4

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

AInstructing staff members and Developing staff performance expectations..

BPlanning audit work and reviewing work performed.

CA & B only.

DAll of the above.

Answer : C

Question 5

All of The following are considered abuses of public debt EXCEPT:

ABorrowing to finance operating expenditures.

BBorrowing beyond ability to repay.

CNot borrowing where corruption is widespread.

DBorrowing to finance no-return projects or speculative facilities.

Answer : C

Question 6

A budget is a financial plan that serves as a guide to control and oversee future activities. The budgeting cycle incorporates al of the following components EXCEPT:

AExecutive preparation and Execution

BLegislative consideration

Cleading and controlling

DAudit and evaluation

Answer : C

Question 7

Criteria to use for selection of performance measures and data collection procedures include all of the following EXCEPT:

AAppropriateness and Validity.

BUniqueness, Completeness and Comprehensibility.

CControllability and Timeliness of Feedback.

Dplanning, controlling and organizing

Answer : D

IIA Certified Government Auditing Professional IIA-CGAP CGAP Exam Practice Test