Exam 2: Certified Government Auditing Professional

Governments must have a means to finance public services, with the primary means being taxation. All of the following are the primary methods of revenue generation in public administration EXCEPT:

One mechanism to help ensure the proper application of audit standards is through ____________. The purpose of _______________ is to provide feedback to management on the effectiveness of the quality control policies and procedures of an organization:

The purpose of __________ is to promote an ethical culture in the profession of internal auditing. A ___________ is necessary and appropriate for the profession of internal auditing, founded as it is on the trust placed in its objective assurance about risk management, control, and governance:

_________ are a contracting method employing competitive undisclosed bids, public bid opening, and awards contracts when:

Privatization can be defined as the process of returning to the private sector property or functions previously owned or performed by government. All of the Following are basic forms of government privatization EXCEPT:

Who control the operation of the computer system and for the efficient use of computer resources which is responsible?

The application of the appropriate audit standards is dependent on all of the following issues EXCEPT:

All of the following are the goals of a well-functioning group EXCEPT:

Freedom of information legislation has set the tone for public officials that all decisions and actions are subject to review. ________and ________require that all official meetings are publicized and the general public is invited so that individuals interested in public affairs might attend.

All of the following are guidelines for effective personnel management EXCEPT: 

The characteristics of ____________ will vary based on the _____ of the audit unit and the nature of its work. Where as The frequency of required quality assurance reviews varies based on the _____ of standards followed.

The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. All of the following given below are some of the advantages of direct delivery of services by government employees EXCEPT:

Project management involves the considerations and activities audit managers undertake when conducting an audit. A _______ is defined as an endeavor in which resources are organized to undertake a unique scope of work, of a given specification, within the constraints of cost and time, so as to achieve a change defined by quantitative and qualitative objectives.

All of the following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:

_______considers the processes associated with the program or factors in the program environment to determine which components adversely affect effectiveness or do not add value to the program's goals.

____________is the Risk in any activity, regardless of the existence or effectiveness of controls. Where as ___________is the extent of uncertainty remaining after the mitigating effects of the control system are in place. The extent to which an organization has implemented controls to minimize the actual occurrence of the risk determines the vulnerability to the risk actually occurring.

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:

Capital budgeting is often based on the issuance of capital debt. Capital debt (based on GASB 11) includes all of the following debt that are issued EXCEPT:

All of the following are the standards common to auditors and SAIs EXCEPT:

The primary purpose of _______ was to promote planning activities. Where as _________ was developed to alleviate this problem by reevaluating the complete budget and starting from zero on each new budget year.