IIA-CGAP Exam Practice Test Instant Access

Question 1

The scope of the audit defines the boundaries of the audit by addressing such items as the audit period or number of locations to be reviewed. Some important considerations when defining the scope of an audit include all of the following given below EXCEPT:

AProgram or management objectives (e.g., the audit may be limited to a specific program within an organization).

BDetermine how audit findings should be formulated.

CRisks identified (inherent and control risks), also called level of risks and extent of vulnerability to the risk/strength of control activities.

DType and extent of problems found in prior years' audit reports and Preliminary judgment about materiality levels.

Answer : B

Question 2

_____________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:

AMarket control management

BBureaucratic control management

CClan control

DTesting management controls

Answer : D

Question 3

All of The following are the guidelines that apply to the construction of a frequency distribution

EXCEPT:

ADivide classes to ensure that the smallest and largest values in the array are shown.

BAssign each item in the array to only one class.

Cmake graph

DKeep the size of each interval the same.

Answer : C

Question 4

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

AThe smart-and-gets-things-done programmer

BSystem programmers

Csoftware programmer

Dthe smart programmer

Answer : B

Question 5

All of The following items are often contained in written auditing policies and procedures in the management of an audit function EXCEPT:

ADefinition of the audit unit's responsibilities, goals, and objectives and Legislative or other source of audit authority

BThe reporting relationship between the audit unit and management and/or the governing Body and The process for hiring and dismissing auditors

CAccess to information and people and the scope of work to be undertaken

DThere must not be written rules.

Answer : D

Question 6

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:

AThe amount of time management has had to correct the problem.

BThe amount and quality of interim feedback the auditor has received from the customer regarding the status of correcting the finding since the prior audit.

CThe amount of risk and exposure involved if corrective actions fail to correct the problem.

DAll of above.

Answer : D

Question 7

The last fund type is a fiduciary fund, where government holds or manages financial resources in a fiduciary capacity. Although considered a single fund type, there are four sub-fund types given below please choose the correct option:

AProprietary Funds

BNon-expendable Trust Fund

CExpendable Trust Fund

DGovernmental Funds

Answer : B, C

IIA Certified Government Auditing Professional IIA-CGAP CGAP Exam Practice Test