IIA-CGAP Online Practice Questions and Answers

All Practice Advisories are submitted to a formal review process by the __________ or other group designated by the Guidance Planning Committee.

A. PPF's Professional Issues Committee

B. IIA's Professional Issues Committee

C. INTOSAI's professional Committee

D. IFAC's Professional Committee

Assurance services involve the internal auditor's objective assessment of evidence to provide an independent opinion or conclusions regarding a process, system, or other subject matter. All of the following are the parties generally involved in assurance services EXCEPT:

A. The team leader

B. The person or group making the assessment ?the internal auditor

C. The person or group directly involved with the process, system, or other subject matter the process owner.

D. The person or group using the assessment ?the user.

_____________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:

A. Market control management

B. Bureaucratic control management

C. Testing management controls

D. Clan control

The following are guidelines for evaluating performance reports EXCEPT:

A. Concentrate on developing ideas to improve performance in areas that are most important to the organization's goals and objectives.

B. Are the reports available in a timely manner for decision making?

C. Was the reported performance reported aggregated or disaggregated at a meaningful level?

D. Was the performance information collected in a cost-effective manner (i.e., do the benefits of a performance report justify its cost)?

The ultimate penalty is generally _____ and _____guidelines are developed to ensure that the termination is warranted and that the employee has been adequately apprised of his or her behavioral problem:

A. termination, formal

B. discipline, informal

C. evaluation, informal

D. discipline, formal

The concept of performance management shifts the focus of government decision-making and accountability away from monetary aspects to the activities undertaken to achieve results. And also effective performance management establishes programs and resources within the organization that address its agency-wide objectives and administers them through four phases:

"plan, do, check, and act." Guiding principles include long-range planning, collaborative input, a "results" orientation, decisions based upon measurable data, and continuous improvement in outcomes.

A. Effective performance management, performance management

B. Autocratic management, effective performance management

C. Performance management, effective performance management

D. Consultative management, effective performance management

The first step in managing performance is a structured, cohesive planning approach. During the ____________ managers set performance expectations based upon objectives and available resources. Where as during the _____, the program is implemented and operations commence.

A. plan" phase, "do" phase,

B. "do" phase, plan" phase,

C. "check" phase, "act" phase

D. "act" phase, "check" phase

Internal controls consist of all of the following interrelated components please choose the correct option:

A. Control Environment and Risk Assessment

B. Control Activities and Information and Communication

C. Monitoring

D. All of the above

Audit reports should state the audit objectives, scope, and methodology. If appropriate, the report should describe any performance aspects examined (e.g., outputs, outcomes). The audit scope should describe as necessary all of the following EXCEPT:

A. The kinds and sources of evidence used.

B. Organizational structure

C. The depth and coverage of work performed to accomplish the audit objectives, including a description of specific controls tested.

D. Confidential information omitted from the report.

All of the following are the construction issues while developing a questionnaire EXCEPT:

A. The questions should be as simple, direct, and unambiguous as possible.

B. Any unique or seldom used terms should be clearly defined.

C. Response choices should be consistent (avoid use of the most positive choice first in one question, followed by a question where the most negative response choice is first).

D. Avoid asking leading questions such as, "Do you believe that minority quotas are an unfair means of allocating political favors to specific voter groups?"