IIA-CGAP Exam Practice Test Instant Access

Question 1

Ultimately any system of control is the responsibility of the governing board. The Canadian Institute of Chartered Accountants' (CICA) publication, Guidance for Directors -- Governance Processes for Control, describes all of the following control responsibilities for boards given below EXCEPT:

AEstablishing and monitoring the organization's ethical values.

BOverseeing external communications.

CEstablish a common definition of internal control.

DApproval and monitoring of mission, vision, and strategy.

Answer : C

Question 2

All of the following are the reporting standards in government auditing EXCEPT:

AThe auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.

BIt is for the SAI to which they belong to decide finally on the action to be taken in relation to fraudulent practices or serious irregularities discovered by the auditors.

CAt the end of each audit the auditor should prepare a written opinion or report, as appropriate, setting out the findings in an appropriate form; its content should be easy to understand and be independent, objective, fair, and constructive.

DThe work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.

Answer : A, C

Question 3

All of the Following are the major categories of performance measures EXCEPT:

AInput measures

BProcess measures

COutput measures

Dcontrol measures

Answer : D

Question 4

In addition to the characteristics described above, performance measurement information should have all of the following characteristics EXCEPT:

ARelevant (i.e., related to program's objectives).

Beasily accessible

CEasy to understand and use (i.e., free of jargon and with key terms defined).

DAccurate (i.e., complete and error free).

Answer : B

Question 5

___________are the framework that management establishes to ensure that it meets its responsibilities in a variety of areas. The objectives _________of are that all transactions should be authorized, accounted for accurately and completely, and in the correct time frame.

Aaccounting controls, internal controls

BInternal controls, accounting controls

CInternal controls, external controls

DExternal controls, internal controls

Answer : D

Question 6

The policies that promote and support revenue generation often have an impact on auxiliary areas such as the economy. The economic policy of a central government generally consists of three dimensions which are given below please choose the correct option:

Abudgeting policy

BMonetary policy

CFiscal policy

DPolicies with economic implications

Answer : B, C, D

Question 7

Surrogate measures that can be used to measure a fire prevention program's success can be documented by the number of classes and students, or a test or survey identifying knowledge gained from the class. Other prevention programs that are challenged by linking programs to surrogate outcomes include all of the following EXCEPT:

AContinuous Improvement.

BTeen pregnancy prevention.

CDrug and alcohol prevention programs.

DEarly education intervention programs.

Answer : A

IIA-CGAP Certified Government Auditing Professional CGAP Exam Practice Test