Question 1

________is one in which each specific budgetary account is allocated to a narrow purpose (such as travel, supplies, personnel).where as ________are the entity's efforts to tie the results of the activities or programs to the cost of operating the programs.

Accepted Answer

A)  The line-item budget, Performance budgets 
B)  Performance budgets, the line-item budget 
C)  Zero-based Budget, Integrated Budget 
D)  Program Budget, Executive Budget

Question 2

Peter Drucker, one of the foremost authorities on management theory, described why public sector accountability was so critically important. He described all of the following factors that distinguish service organization activities from private-sector activities EXCEPT:

Accepted Answer

A)  Role of the annual operating budget (as a controlling factor that sets policy, instead of such things as net profit or market share to guide decision-making). 
B)  Domination of organization-related legal and contractual provisions 
C)  Absence of a significant performance assessment capacity (few governmental entities can be evaluated by a single measure - profit - for effectiveness). 
D)  Absence of a "harmony of purpose" control factor. Since not every division is working toward the same goal (profit), other means of control must be established to ensure that the principal's interests are the driving motivators.

Question 3

The purpose of ___________audits of is to issue an opinion on the fairness of the financial statements and to evaluate the following assertions (explicit or implicit) by management:

Accepted Answer

A)  Ban reconciliation statement 
B)  None 
C)  Income 
D)  Financial statements

Question 4

Typical methodologies used to conduct summative evaluations include all of the following EXCEPT:

Accepted Answer

A)  Case studies 
B)  Examination of documents or data analysis. 
C)  Experimental and quasi-experimental, and interrupted time-series measurements 
D)  Interviews.

Question 5

All of the following are major steps in the strategic planning process EXCEPT:

Accepted Answer

A)  To develop the general outline 
B)  Develop one or more general statements that address what the entity aims to achieve. 
C)  Communicate the plan to affected staff. Consider sharing early drafts of the plan with staff to obtain their input and to ensure their support of the plan. 
D)  Develop specific plans, a method for achieving those plans, and resource allocations. the plans should contain measurable objectives and implementation or achievement time frames.

Question 6

The following are guidelines for using performance data to evaluate performance EXCEPT:

Accepted Answer

A)  Concentrate on developing ideas to improve performance in areas that are most important to the organization's goals and objectives. 
B)  Compare performance reports to those used by other divisions or similar operations outside the entity. Benchmark with best practices as appropriate. 
C)  Was the performance information collected in a cost-effective manner (i.e., do the benefits of a performance report justify its cost)? 
D)  Try to determine reasons for deviations from expected values. Look for relationships between variables such as constituency satisfaction and the processing time. Consider other factors such as equipment changes or disruptions caused by weather during the period.

Question 7

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

Accepted Answer

A)  Does management provide favorable control environment in the organization? 
B)  Does management communicate its support for controls throughout the organization? 
C)  Does management establish and maintain effective policies and procedures related to control? 
D)  None of the above

Question 8

Governmental auditing is distinctive and encompasses different requirements from auditing commercial or not-for-profit enterprises. The standards that apply specifically to government audits are all of the following EXCEPT:

Accepted Answer

A)  International Auditing and Assurance Standards Board (IAAS
B) . 
B)  International Standards for the Professional Practice of Internal Auditing (ISPPI
A) . 
C)  International Standards on Auditing (IS
A) . 
D)  International Or1ganization of Supreme Audit Institutions (INTOSAI) Standards.

Question 9

_______can be defined as the Equipment, facilities, people, supplies, or services used to produce a product or service. Where as _________is the mechanism that links the costs of resources to the activities that use the resources.

Accepted Answer

A)  resource, resource driver 
B)  activity, activity driver 
C)  activity, cost driver 
D)  cost driver, activity

Question 10

The nature of accountability means the governing body (agent) must make an accounting back to the public and/or service recipient (principal) regarding the achievement of objectives and the stewardship of resources. All of the following are certain elements of risk that exist in the principal-agent relationship EXCEPT:

Accepted Answer

A)  Consequence of error - the cost/impact to the principal is greater than that to the agent if errors occur undetected. 
B)  Moral hazards - potential for the agent to develop a conflict of interest between the agent's own interests and those of the principal. 
C)  Physical hazards 
D)  Complexity - the possibility that operations to achieve established objectives are too complex for the principal to readily understand.

Question 11

Embedded controls over purchase cards can include all of the following EXCEPT:

Accepted Answer

A)  Types of transactions (prohibiting cash advances, personal items, etc.). 
B)  Transaction limits per day/per month. 
C)  Monthly cardholder dollar limit. 
D)  Minimum dollars per transaction.

Question 12

COSO was a private-sector initiative started in the 1980s to address the problem of fraudulent financial reporting. Problems continued to persist in the 1980s and the private sector was wary of additional government intervention, so all of the following five organizations banded together to form COSO please choose the correct option:

Accepted Answer

A)  American Institute of Certified Public Accountants 
B)  Financial Executives Institute and American Accounting Association 
C)  Institute of Management Accountants and the Institute of Internal Auditors 
D)  All of the above

Question 13

Internal auditors are expected to apply and uphold all of the following principles please choose the correct option:

Accepted Answer

A)  Integrity and Objectivity 
B)  Confidentiality 
C)  Competency 
D)  All of the above

Question 14

Management controls are the plans, methods, and procedures adopted by management for measuring, reporting, and monitoring program performance. All of the following are objectives of management control EXCEPT:

Accepted Answer

A)  Validity and reliability of data. 
B)  Controlled operations 
C)  Program operations 
D)  Compliance with laws and regulations.

Question 15

All of the Following are the major goals of COSO EXCEPT:

Accepted Answer

A)  Establish a common definition of internal control. 
B)  Provide a standard against which organizations can assess their control systems. 
C)  Create and track Specific, Measurable, Achievable, Results-Oriented and Time Sensitive goals. 
D)  Provide a straight-forward line-of-sight view of cascaded organizational goals for both managers and employees.

Question 16

The Standards consist of Attribute Standards, Performance Standards and Implementation standards. The __________ address the characteristics of organizations and parties performing internal audit activities. The _________ describe the nature of internal audit activities and provide quality criteria against which the performance of these services can be evaluated. While the Attribute and Performance Standards apply to all internal audit services, the ________ apply to specific types of engagements.

Accepted Answer

A)  Implementation Standards, Attribute Standards, Performance Standards 
B)  Attribute Standards, Implementation Standards, Performance Standards 
C)  Attribute Standards, Performance Standards, Implementation Standards 
D)  Performance Standards, Implementation Standards, Attribute Standards

Question 17

Following are examples of the intersection of public information with privacy include please choose the correct option:

Accepted Answer

A)  Private-sector contractors' proposals or unit cost information (proprietary information related to a business that was disclosed in a proposal to provide services to a unit of government). 
B)  A & C only. 
C)  Income levels of clients to determine eligibility for a service (for example, free and reduced price lunch programs). 
D)  Mental health data, medical records, social services provided to clients (personal information retained for specific government programs). 
E)  All of the above.

Question 18

Process measures provide a means for evaluating the use of inputs to achieve outputs. where as Outcome measures report the results associated with the products or services delivered by a program or agency program, both qualitative and quantitative.

Accepted Answer

A)  Process measures, Outcome measures 
B)  Output measures, Input measures 
C)  Input measures, Output measures 
D)  Outcome measures, Process measures

Question 19

All of the following are objectives of a centralized function EXCEPT:

Accepted Answer

A)  Summarizing reports to collect, analyze, and provide summary reports to the oversight body. 
B)  Establishing reporting requirements to ensure that common budget and financial reports have similar characteristics and can be used for comparative analysis. 
C)  Reducing the need for the development of guidelines for each individual agency. 
D)  Not reducing the need for the development of guideless for each individual agency.

Question 20

All of the following are the steps that should be followed to evaluate the reliability of performance data in cases where a performance measurement system does not exist EXCEPT:

Accepted Answer

A)  Develop recommendations to improve the existing system and issues audit report. 
B)  Collect, present, and interpret data to describe conditions based on measures. 
C)  If existing data are inadequate, design and implement a data collection instruments. 
D)  Select appropriate performance criteria and measures.

Exam 2: Certified Government Auditing Professional

is one in which each specific budgetary account is allocated to a narrow purpose (such as travel, supplies, personnel) .where as are the entity's efforts to tie the results of the activities or programs to the cost of operating the programs.

Peter Drucker, one of the foremost authorities on management theory, described why public sector accountability was so critically important. He described all of the following factors that distinguish service organization activities from private-sector activities EXCEPT:

The purpose of ___________audits of is to issue an opinion on the fairness of the financial statements and to evaluate the following assertions (explicit or implicit) by management:

Typical methodologies used to conduct summative evaluations include all of the following EXCEPT:

All of the following are major steps in the strategic planning process EXCEPT:

The following are guidelines for using performance data to evaluate performance EXCEPT:

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

Governmental auditing is distinctive and encompasses different requirements from auditing commercial or not-for-profit enterprises. The standards that apply specifically to government audits are all of the following EXCEPT:

_can be defined as the Equipment, facilities, people, supplies, or services used to produce a product or service. Where as ___is the mechanism that links the costs of resources to the activities that use the resources.

Embedded controls over purchase cards can include all of the following EXCEPT:

Internal auditors are expected to apply and uphold all of the following principles please choose the correct option:

Management controls are the plans, methods, and procedures adopted by management for measuring, reporting, and monitoring program performance. All of the following are objectives of management control EXCEPT:

All of the Following are the major goals of COSO EXCEPT:

Following are examples of the intersection of public information with privacy include please choose the correct option:

Process measures provide a means for evaluating the use of inputs to achieve outputs. where as Outcome measures report the results associated with the products or services delivered by a program or agency program, both qualitative and quantitative.

All of the following are objectives of a centralized function EXCEPT:

All of the following are the steps that should be followed to evaluate the reliability of performance data in cases where a performance measurement system does not exist EXCEPT:

Exam 2: Certified Government Auditing Professional

________is one in which each specific budgetary account is allocated to a narrow purpose (such as travel, supplies, personnel) .where as ________are the entity's efforts to tie the results of the activities or programs to the cost of operating the programs.

Peter Drucker, one of the foremost authorities on management theory, described why public sector accountability was so critically important. He described all of the following factors that distinguish service organization activities from private-sector activities EXCEPT:

The purpose of ___________audits of is to issue an opinion on the fairness of the financial statements and to evaluate the following assertions (explicit or implicit) by management:

Typical methodologies used to conduct summative evaluations include all of the following EXCEPT:

All of the following are major steps in the strategic planning process EXCEPT:

The following are guidelines for using performance data to evaluate performance EXCEPT:

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

Governmental auditing is distinctive and encompasses different requirements from auditing commercial or not-for-profit enterprises. The standards that apply specifically to government audits are all of the following EXCEPT:

_______can be defined as the Equipment, facilities, people, supplies, or services used to produce a product or service. Where as _________is the mechanism that links the costs of resources to the activities that use the resources.

Embedded controls over purchase cards can include all of the following EXCEPT:

Internal auditors are expected to apply and uphold all of the following principles please choose the correct option:

Management controls are the plans, methods, and procedures adopted by management for measuring, reporting, and monitoring program performance. All of the following are objectives of management control EXCEPT:

All of the Following are the major goals of COSO EXCEPT:

Following are examples of the intersection of public information with privacy include please choose the correct option:

Process measures provide a means for evaluating the use of inputs to achieve outputs. where as Outcome measures report the results associated with the products or services delivered by a program or agency program, both qualitative and quantitative.

All of the following are objectives of a centralized function EXCEPT:

All of the following are the steps that should be followed to evaluate the reliability of performance data in cases where a performance measurement system does not exist EXCEPT:

is one in which each specific budgetary account is allocated to a narrow purpose (such as travel, supplies, personnel) .where as are the entity's efforts to tie the results of the activities or programs to the cost of operating the programs.

_can be defined as the Equipment, facilities, people, supplies, or services used to produce a product or service. Where as ___is the mechanism that links the costs of resources to the activities that use the resources.