Question 1

Which is the practice that an organization uses when the audit staff does not possess the needed skills, and management may temporally contract with a specialist to perform the needed function?

Options :

A : Control

B : Fraud risk assessment practice

C : Outsourcing

D : Accountancy practice

Answer: C

Question 2

All of the following are Methods of measuring performance EXCEPT:

Options :

A : Manual tracking and summarizing of activity

B : Routine collection of data either through entry or upload into automated systems.

C : Periodic sampling, such as through citizen surveys, random time studies, or random sampling of agency data.

D : Calculations based on current trends.

Answer: D

Question 3

Application controls are designed to prevent, detect, and correct errors and irregularities as transactions flow through the application. Application controls are classified into all of the following categories EXCEPT:

Options :

A : Output controls

B : Input controls

C : Internal controls

D : Processing controls

Answer: C

Question 4

All of The following are the areas that should be considered when identifying specific performance to measure EXCEPT:

Options :

A : Determine if recommendations for improvement or change are warranted.

B : Identify stakeholder needs.

C : Assess performance through bench marking or best practice reviews

D : Do not Identify processes within the program.

Answer: D

Question 5

All of the following are the reporting standards in government auditing EXCEPT:

Options :

A : The work of the audit staff at each level and audit phase should be properly supervised during the audit; and documented work should be reviewed by a senior member of the audit staff.

B : It is for the SAI to which they belong to decide finally on the action to be taken

C : None

D : The auditor should plan the audit in a manner which ensures that an audit of high quality is carried out in an economic, efficient, and effective way and in a timely manner.

Answer: C