IIA-CGAP Exam Questions Instant Access - No Installation Required

Question 1

__________have been developed to address historical concerns regarding government employment selection and compensation. Abuses of patronage systems in which the victor of political elections hired political allies led to the introduction of merit systems:

AGovernment regulatory systems

BGovernment personnel systems

Cprivate personnel systems

Dpublic personnel systems

Answer : B

Question 2

The primary purpose of financial reporting is accountability. All of the following are The basic elements of financial reporting EXCEPT:

AUnderstandability

BReliability and Relevance

CTimeliness and Comparability

Dplanning and leading

Answer : D

Question 3

All of the following groups benefit from the existence of audit standards in a variety of ways EXCEPT:

AElected officials and the public receive increased assurance that public funds are being effectively used and monitored

BGovernment organization

CManagement receives increased assurance that fraud or other organizational deficiencies will be detected and corrected.

DExternal parties and reviewers are provided with usable measurement guidelines.

Answer : B

Question 4

Both_______ and _______ stress the concept of self-assessment and responsibility of management in maintaining and monitoring the internal control environment. The primary goals of maintaining the effectiveness and efficiency of operations, ensuring the reliability of financial reporting and complying with applicable laws and regulations, are the same for both:

AThe Institute of Internal Auditors (IIA) Standards, the Committee of Sponsoring Organizations of the Treadway Commission (COSO),

Bthe Committee of Sponsoring Organizations of the Treadway Commission (COSO), the Canadian Institute of Chartered Accountants' Criteria of Control (CoCo)

CInternational Organization of Supreme Audit Institutions (INTOSAI) Standards, the Canadian Institute of Chartered Accountants' Criteria of Control (CoCo)

DThe Institute of Internal Auditors (IIA) Standards, the Committee of Sponsoring Organizations of the Treadway Commission (COSO),

Answer : B

Question 5

The term descriptive statistics refers to methods designed to describe or summarize the characteristics of a data set. All of The following analysis procedures are associated with descriptive statistics EXCEPT:

ACollection and organization of raw data.

Bcollection of company records

Ccollection of employee's records

DClassification and graphic presentation of the data in a frequency distribution format.

Answer : A, D

Question 6

Which of the following are the two broad classifications of management styles please mark the correct option:

AAutocratic management

BConsultative management

CParticipative management.

DDirecting management

Answer : A, C

Question 7

Who should approve the charter for government entities?

AThe governing body (e.g., legislature, city council, or board)

BThe head of the unit or agency

CA director or chief

DGovernment institutions

Answer : D

IIA Certified Government Auditing Professional IIA-CGAP CGAP Exam Questions