IIA-CGAP Exam Questions Instant Access - No Installation Required

Question 1

All of the following are the examples of Resources (and resource drivers) EXCEPT:

ACentral data processing equipment (equipment cost for time generating license renewal notices).

BLicensing staff (payroll costs for time spent receiving/processing renewal applications).

CFacilities (cost per square foot of space allocated to licensing function, times percent of renewals received).

DDetermine eligibility (number of applications reviewed for eligibility).

Answer : D

Question 2

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:

AGeneral public.

BClients of the audited program.

CSpecial interest groups (e.g., consumer advocacy groups, social service organizations, industry and trade groups, etc.).

DClients of the audited program and General public.

Answer : C

Question 3

Auditors should monitor the results from previous audit findings and recommendations to ensure that the customer has taken corrective action or consciously accepted the risk of not implementing corrective measures. The level of appropriate follow-up on prior findings is determined by the following:

AThe amount of time management has had to correct the problem.

BThe amount and quality of interim feedback the auditor has received from the customer regarding the status of correcting the finding since the prior audit.

CThe amount of risk and exposure involved if corrective actions fail to correct the problem.

DAll of above.

Answer : D

Question 4

Information used in reporting should be reviewed for accuracy and contain all of the following characteristics EXCEPT:

ARelevance and Understandability

BComparability and Timeliness

CConsistency and Reliability

Dplanning an organizing

Answer : D

Question 5

During the _______, the auditor gains an understanding of the entity's computer-related operations and controls and related risks. Where as the _________focuses primarily on substantive tests. These tests generally involve examining source documents that support transactions to determine if they were recorded, processed, and reported properly and completely.

ATesting phase, planning phase

BPlanning phase, testing phase

CReporting phase. Testing phase

DReporting phase, planning phase

Answer : B

Question 6

Managers must measure and track performance because citizens and legislative bodies are increasingly demanding evidence of the appropriate use of public resources and the achievement

of public goals. Auditors must understand performance measurement because their audit objectives may call for independent measurement of organizational performance.

Aorganizers, leaders

BManagers, Auditors

CAuditors, Managers

Dplanners, organizers

Answer : B

Question 7

All of the following are Methods of measuring performance EXCEPT:

AManual tracking and summarizing of activity.

BPeriodic sampling, such as through citizen surveys, random time studies, or random sampling of agency data.

CCalculations based on current trends.

DRoutine collection of data either through entry or upload into automated systems.

Answer : C

IIA Certified Government Auditing Professional IIA-CGAP CGAP Exam Questions