IIA IIA-CGAP Online Practice Questions and Exam Preparation

IIA IIA-CGAP Online Questions & Answers

• Question 1:

  All budgets, whether national, regional, or local, should be tied to specific objectives. All government revenue raising and spending should fall into one of the following objectives given below please choose the correct option:

  A. Allocation -- ensuring that an appropriate level of funding flows into sectors of the economy where it is required.
  B. Legislative consideration
  C. Audit and evaluation
  D. Growth -- using the power of government spending to facilitate economic growth and wealth creation.
  A. Allocation -- ensuring that an appropriate level of funding flows into sectors of the economy where it is required.
  D. Growth -- using the power of government spending to facilitate economic growth and wealth creation.

• Question 2:

  Analytical reviews are audit tests that involve a comparison of some type. There are several types of analytical reviews please choose the correct option:

  A. Regression analysis
  B. Ratio analysis and Cost-effectiveness analysis,
  C. Cost/benefit analysis D. All of above
  D

• Question 3:

  ______is the middle position in an array of values. The median value can be misleading in small data sets, so it is usually used to characterize a large number of values. Where as the ______ is the most commonly occurring value in an array. The mode is a less frequently used measure of average because a mode may not exist in some sets of data, or there may be more than one mode in the data set.

  A. Arithmetic mean, standard deviation
  B. Mean, median
  C. Standard deviation, arithmetic mean
  D. Median, mode
  D. Median, mode

• Question 4:

  Grants are used by governments to operate programs and provide services. Following are some of the some of the advantages of using grants please choose the correct option:

  A. Use of resources for monitoring compliance with grant terms.
  B. Decrease in control over specific program activities.
  C. Limitations on consistency of program implementation and leadership.
  D. All of the above.
  E. None of the above.
  E. None of the above.

• Question 5:

  All of The following are guidelines for developing adequate performance measures EXCEPT:

  A. Use a "family" of measures to capture multiple dimensions of performance.
  B. Renewal application (number of applications received).
  C. Performance measures should be comprehensive enough to reach valid conclusions about the program.
  D. Measures used should focus on measurable aspects of performance.
  B. Renewal application (number of applications received).

• Question 6:

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

  A. Does management provide a favorable control environment in the organization?
  B. Is confidential or sensitive information kept separate from other records?
  C. None of the above
  D. All of the above
  B. Is confidential or sensitive information kept separate from other records?

• Question 7:

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

  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.
  A. Establish a common definition of internal control.
  B. Provide a standard against which organizations can assess their control systems.

• Question 8:

  Consulting services are advisory in nature, and are generally performed at the specific request of an engagement client. The nature and scope of the consulting engagement are subject to agreement with the engagement client. All of the following are the parties generally involved in consulting services EXCEPT:

  A. The person or group using the assessment ?the user.
  B. The person or group directly involved with the process, system, or other subject matter the process owner.
  C. The person or group seeking and receiving the advice ?the engagement client.
  D. The person or group directly involved with the process, system, or other subject matter -- the process owner.
  C. The person or group seeking and receiving the advice ?the engagement client.

• Question 9:

  The _________ address the attributes of organizations and individuals performing internal audit services. The ___________ describe the nature of internal audit services and provide quality criteria against which the performance of these services can be measured:

  A. Performance Standards, Control standards
  B. Control standards, Performance standards
  C. Performance standards, Attribute standards
  D. Attribute Standards, Performance Standards
  D. Attribute Standards, Performance Standards

• Question 10:

  Auditing plays an important role in ensuring accountability. Through its various forms (internal and external), auditing provides a method of control to help ensure that objectives are realized in an appropriate manner. Some broad areas covered by audits include all of the following EXCEPT:

  A. The accuracy and completeness of records.
  B. Compliance with laws, regulations, contract terms, policies, and procedures.
  C. Complexity of objectives.
  D. Economy and efficiency of operations.
  C. Complexity of objectives.