IIA Certified Government Auditing Professional CGAP Exam Practice Test

Page:    1 / 14   
Total 327 questions

Question 1

___________ is a contract for a supply that does not procure or specify a firm quantity of supplies (other than a minimum or maximum quantity), and that provides for the issuance of orders for the delivery of supplies during the period of the contract. Where as _________ is a contract that may be used to acquire supplies and/or services when the exact times and/or exact quantities of future deliveries are not known at the time of contract award.



Answer : A

Question 2

Government entities generally have the authority and responsibility to issue and require adherence to their policies and regulations relating to contracts. Accounting and control considerations for contracts include the following given below please choose the correct option:



Answer : D

Question 3

Some forms or documents that may assist in the contracting process are given below please choose the correct option:



Answer : E

Question 4

Examples of standards language in contracts cover the following areas please choose the correct option:



Answer : E

Question 5

________can be defined as Contractual agreements can end either naturally (i.e., by reaching the termination date or delivery of the final product) or by other means. Where as ______can be define as the contractor shall maintain adequate accounting records and supporting documents to verify the amounts, recipients, and uses of all payments and funds received in conjunction with the contract for a designated period of time:



Answer : C

Page:    1 / 14   
Total 327 questions