AGA CGFM Actual Free Exam Questions & Community Discussion
When reviewing a report on internal control from a shared service provider that noted a weakness, the agency should
Correct Answer: A
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A key objective of a performance audit is
Correct Answer: D
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In relation to financial reporting, who evaluates internal controls to support an opinion on a fair presentation of the financial statements?
Correct Answer: C
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All of the following ae among the stated purposes of GPRA EXCEPT to
Correct Answer: B
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In defining the audit objectives of a performance audit, auditors should evaluate whether the audited entity has
Correct Answer: A
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The Single Audit Act requires
Correct Answer: B
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GPRA requires agencies to prepare and submit a strategic plan, an annual performance plan and
Correct Answer: A
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The Parking Fund for a government entity has the following information in its Statement of Net Position.
Calculate the current ratio.
Total current assets$1,320
Total non-current assets$8,100
Total assets$9,420
Total current liabilities$ 810
Total non-current liabilities$ 360
Total liabilities$1,170
Total net position$8,250
Calculate the current ratio.
Total current assets$1,320
Total non-current assets$8,100
Total assets$9,420
Total current liabilities$ 810
Total non-current liabilities$ 360
Total liabilities$1,170
Total net position$8,250
Correct Answer: C
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Given the information below, which control would be the lowest priority?
Asset$Amount at RiskCost of Control
Asset$Amount at RiskCost of Control
Correct Answer: C
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