AGA CGFM Übungsprüfungen
Zuletzt aktualisiert am 26.04.2025- Prüfungscode: CGFM
- Prüfungsname: CGFM Certified Government Financial Manager
- Zertifizierungsanbieter: AGA
- Zuletzt aktualisiert am: 26.04.2025
All of the following represent selection criteria used to make contract awards EXCEPT contractor
- A . staff expertise.
- B . past performance records.
- C . union affiliations.
- D . financial position.
In an attestation engagement, which party would make an assertion about a subject matter?
- A . management
- B . auditor
- C . practitioner
- D . user
Internal control over financial reporting means that management can reasonably make which of the following assertions?
- A . Sufficient spending authority and financial resources exist to support reported expenditures.
- B . A physical inventory has been conducted of all assets meeting the jurisdiction’s capitalization threshold.
- C . All assets and liabilities have been properly valued and, where applicable, all costs have been properly allocated.
- D . Management has met its legislatively directed program goals.
When considering materiality during the planning phase for the field work for a financial audit, the dollar threshold for materiality is determined by the
- A . auditor.
- B . auditee.
- C . auditor in consultation with the auditee.
- D . audit committee.
Compliance reporting, under government auditing standards, identifies all of the following components EXCEPT
- A . areas of noncompliance.
- B . the auditor’s responsibility for tests of compliance.
- C . review of major internal control cycles.
- D . the scope of the compliance testing.
Who is responsible for resolving single audit findings?
- A . the awarding agency
- B . the recipient agency
- C . the audit committee
- D . the external auditors
When planning for local government financial statement audit, what data source should the auditor consider first?
- A . government-wide financial statements
- B . fund financial statements
- C . reconciliations between fund financial statements
- D . previous audit findings
The Federal Credit Reform Act of 1990 prescribes a special budget treatment for direct loans and loan guarantees that measures cash flows to and from the government using which financial analytical technique?
- A . future value
- B . net present value
- C . current value
- D . regression analysis
Under government fuditing standards, auditors performing financial statement audits must
- A . design tests to assess compliance with laws, regulations, contracts and grant agreements.
- B . identify violations of laws which could be punishable by monetary penalties.
- C . identify expenditures that exceed the related obligations.
- D . design tests to detect fraud, waste and abuse.
A local government is reviewing the performance of a contractor that is collecting trash for the county. Performance can be measured based upon the cost
- A . per mile travelled.
- B . per ton of trash collected.
- C . comparison with closest comparable jurisdiction.
- D . per employee.