AGA Certified Government Financial Manager (CGFM) - CGFM Free Exam Questions

A. crosstab.

B. portable document format.

C. text file.

D. dashboard.

A. Auditors identify risks, management implements control measures.

B. Management identifies risks, auditors assess control effectiveness.

C. Both management and auditors determine risk tolerance levels.

D. Management mitigates risks, auditors monitor compliance with controls.

A. detection risk.

B. control risk.

C. audit risk.

D. inherent risk.

A. ensure all employees understand their investment options.

B. establish criteria for divesting.

C. develop a consensus among managers of the investment objectives.

D. develop an investment policy manual.

A. a large number of contracts are awarded to one vendor.

B. a higher-than-expected number of payment amounts to one vendor start with the number three.

C. a large contract is awarded to the director's close relative.

D. an employee receives kickbacks from real estate developers.

A. review of major internal control cycles.

B. the auditor's responsibility for tests of compliance.

C. areas of noncompliance.

D. the scopeof the compliance testing.

A. responsibility.

B. profitability.

C. cash availability.

D. accountability.

A. per ton of trash collected.

B. per employee.

C. per mile travelled.

D. comparison with closest comparable jurisdiction.

A. improve internal management practices.

B. improve program effectiveness.

C. provide instructions on program reporting.

D. help managers improve service delivery.

A. after the due date to increase cash flow.

B. prior to the due date to improve credit rating.

C. on the due date, unless a charge is assessed for late payment.

D. on the discount date.