IIA IIA-CGAP Actual Free Exam Questions & Community Discussion
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:
Correct Answer: D
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_______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.
Correct Answer: B
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To evaluate the reliability of performance data in cases where a performance measurement system exists. All of the following are the steps that are included in the process EXCEPT:
Correct Answer: C
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Ultimately any system of control is the responsibility of the governing board. The Canadian Institute of Chartered Accountants' (CICA) publication, Guidance for Directors - Governance Processes for Control, describes all of the following control responsibilities for boards given below EXCEPT:
Correct Answer: C
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________ is the formal method where an employee's work product is appraised. Where as There should be formal guidelines that promote fair and equitable ________ and help ensure that employees are made aware of behavioral problems and have the option to modify their behavior.
Correct Answer: D
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Change is a basic fact of life in all organizations. Managers must be able to respond to change in a quick and effective manner. All of the following are categories of change that government managers should consider EXCEPT:
Correct Answer: A
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___________are the framework that management establishes to ensure that it meets its responsibilities in a variety of areas. The objectives _________of are that all transactions should be authorized, accounted for accurately and completely, and in the correct time frame.
Correct Answer: B
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Surrogate measures that can be used to measure a fire prevention program's success can be documented by the number of classes and students, or a test or survey identifying knowledge gained from the class. Other prevention programs that are challenged by linking programs to surrogate outcomes include all of the following EXCEPT:
Correct Answer: A
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Which committee of IFAC issues pronouncements aimed at developing and harmonizing public sector financial reporting, accounting, and auditing practices while "Public sector" refers to national governments, regional (state, provincial, territorial) governments, local (city, town) governments, and related governmental entities (agencies, boards, commissions, and enterprises)?
Correct Answer: B
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During the _______, the data are aggregated and formatted in a manner to facilitate management oversight of key measures. Where as the_______ involves management decision-making based upon the program evaluation.
Correct Answer: A
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_______ can be defined as Bids shall be evaluated without discussions. Evaluations should be fairly apparent since price and price-related factors are the prevalent criteria. Where as________ can be defined as bidders must submit sealed bids to be opened at the time and place stated in the solicitation for the public opening of bids:
Correct Answer: A
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