Free IIA IIA-CGAP Exam Dumps Questions & Answers

All of the following are the General questions auditors need to answer when auditing an organization's control environment please chooses the correct option:

• A.  Does management establish and maintain effective policies and procedures related to control?
• B.  Does management communicate its support for controls throughout the organization?
• C.  Does management provide a favorable control environment in the organization?
• D.  All of the above

Government entities generally have the authority and responsibility to issue and require adherence to their policies and regulations relating to contracts. Accounting and control considerations for contracts include the following given below please choose the correct option:

• A.  None of the above.
• B.  All of the above.
• C.  Specifications or statement of work describing goods and services to be obtained (including quality standards).
• D.  Settlement of any advances of money and inventories of property in a manner consistent with agency policy or contract conditions.
• E.  Development and approval of a pre-award form to ensure unobligated funds equal to the estimated amount of the contract.

A flowchart is a visual representation of how a process works. All of The following are general rules that apply to flowcharting EXCEPT:

• A.  Flowcharts generally flow from top to bottom and from left to right.
• B.  Connectors should be used to connect breaks in the flowchart (e.g., from one page to another).
• C.  The exit point for all flowchart symbols should be at the bottom, except for the decision symbol. The decision symbol should have two exit points; these can be on the sides or on the bottom and one side.
• D.  Ask questions in a low-key, professional style.

With regard to __________, the auditor should prepare a written report, which may either be a part of the report on the ____________ or a separate report on the tests of compliance with applicable laws and regulations. The report should contain a statement of positive assurance on those items tested for compliance and negative assurance on those items not tested:

• A.  Regularity audits, financial statements
• B.  Income statements, financial audits
• C.  operational audits, financial statements
• D.  Financial statements, regularity audits

In testing the controls established by management, auditors should be able to identify if there are high-risk areas for integrity violations. Auditor responsibilities for detecting integrity violations include all of the following EXCEPT:

• A.  Auditors should notify the proper legal authorities, if warranted.
• B.  Auditors must not have the knowledge and skills to adequately identify when violations occurred.
• C.  When significant control weaknesses are found, the auditor should conduct sufficient tests to determine if these weaknesses resulted in integrity violations. The level of testing should increase as the number or significance of control weaknesses increases.
• D.  Auditors should evaluate the evidence and determine the appropriate course of action. An investigation may be warranted if indicators strongly suggest that integrity violations occurred.