Exam 2: Certified Government Auditing Professional

The budget authority is generally a "ceiling" provided by law for obligations and expenditures. Some common forms of budget authority include all of the following EXCEPT:

Systems software consists of computer programs and related routines that control computer processing. Control techniques for systems software include all of the following EXCEPT:

All of the following are the benefits of internal and external reviews EXCEPT:

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

The ______ is the sum of the values of a group of items divided by the number of those items. Arithmetic mean is the most commonly used type of average. Where as_______ is a widely used measure of dispersion. The standard deviation represents the deviations of individual observations from the mean.

Following are the disadvantages of privatization listed below please choose the correct option:

Comprehensive annual financial report (CAFR) is the report that encompasses all funds and account groups of the primary government (including its blended component units). The CAFR should also encompass all discretely presented component units of the reporting entity. Every CAFR must contain three basic sections are given below please choose the correct option:

The purpose of compliance audits is to test the organizations conformity with some objective standard or criteria. All of the following are attributes that contribute to an effective compliance system EXCEPT:

A three-step general methodology to use in assessing computer related controls consist of all of the following please choose the correct option:

What type of reviews are designed to determine whether the audit units internal quality control system is in place and operating effectively to provide reasonable assurance that established policies and procedures and applicable auditing standards are being followed or not?

Elements of public accountability Include all of the following EXCEPT:

Grants are used by governments to operate programs and provide services. Following are some of the some of the advantages of using grants please choose the correct option:

The application of appropriate standards depends on all of the following EXCEPT:

Management must continually _________and develop clearly defined control objectives. The ________are the policies and procedures that help ensure that management's objectives are followed.

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:

A number of states and local governments have implemented initiatives for performance measurement and performance budgeting. Examples include all of the following EXCEPT:

All of the following are types of audit services EXCEPT:

_____________involves interviews, observations, and inspections appropriate to the audit objectives. Auditors often design tests of specific management controls based on information gained in previous audits:

________ a cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. Where as ________ is a costreimbursement contract that provides for the initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs:

_________ is a method of measuring the statistical relationship that exists between two or more variables. Auditors might use regression to estimate the effects of a particular program on its target population. Where _________ measures performance. Data envelopment analysis (DEA) expands the single-input/single-output model of efficiency measurement to the real-world environment of multiple-input/multiple-output organizations.