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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:
Circumstances that contribute to the difficulty of measuring experimental programs include all of the following EXCEPT:
All of the following are the Specific aspects of proper audit supervision EXCEPT:
The term _______refers to methods designed to describe or summarize the characteristics of a data set. The term _______refers to methods designed to allow inferences or estimates to be made about the characteristics of a data set.
Examples of standards language in contracts cover the following areas please choose the correct option:
_________assess the overall effect of the program and are typically conducted on a periodic or as needed basis, in contrast to performance measurement, which is performed on an ongoing basis.
The purpose of the external quality control review is to determine whether the organization’s internal quality control system is in place and operating effectively to provide reasonable assurance that established policies and procedures and applicable auditing standards are being followed.
________is a concept relating to the accumulation of the audit evidence necessary for the auditor to conclude that there are no material misstatements in the financial statements taken as a whole. While the ________ is responsible for forming and expressing an opinion on the financial statements, the responsibility for preparing and presenting the financial statements is that of the management of the entity.
Systems software consists of computer programs and related routines that control computer processing. Control techniques for systems software include all of the following EXCEPT:
___________ is a contract for a supply that does not procure or specify a firm quantity of supplies (other than a minimum or maximum quantity), and that provides for the issuance of orders for the delivery of supplies during the period of the contract. Where as _________ is a contract that may be used to acquire supplies and/or services when the exact times and/or exact quantities of future deliveries are not known at the time of contract award.
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:
Which of the following factors may influence the auditors’ assessment of control risk please choose the correct option:
If the state and local governments are not ready to meet the guidelines of GASB 34, the consequences may be serious and costly. The implications of noncompliance include all of the following EXCEPT:
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:
Taxation is the most common form of revenue generation for governments; however, there are other sources. All of the following are some of the common forms of revenue generation EXCEPT:
All of The following are guidelines for developing adequate performance measures EXCEPT:
The Canadian Comprehensive Auditing Foundation (CCAF) lists the following 12 attributes that management should be reporting on regarding the effectiveness of their organizations please choose the correct option:
__________have been developed to address historical concerns regarding government employment selection and compensation. Abuses of patronage systems in which the victor of political elections hired political allies led to the introduction of merit systems:
Grants are used by governments to operate programs and provide services. Common types of grant classifications include the following given below please choose the correct option:
Following are the advantages of privatization listed below please choose the correct option:
All of the following are the general steps to follow when testing a hypothesis EXCEPT:
Financial management in the public sector differs significantly from its private-sector counterpart. The foundation of the public financial management system is based on the following principles EXCEPT:
________includes objectives related to an organization’s goals, such as customer service, the safeguarding and efficient use of resources, profitability, and meeting social obligations. Where as __________includes objectives related to matters such as the maintenance of proper accounting records, the reliability of information used within the organization, and of information published for third parties.
_________is defined as the ongoing monitoring and reporting of program accomplishments, particularly progress toward established goals.
There are some compensating benefits that the public sector can offer its workforce to offset the generally higher salaries available in the private sector.62 .These can include all of the following EXCEPT:
Samples can be made more efficient by using either of the following methods please choose the correct option:
The most common form of service delivery is via government employees. It is this approach that has created bureaucracies at the national, regional, and, in some cases, local level. All of the following given below are some of the disadvantages of direct delivery of services by government employees EXCEPT:
Managers must measure and track performance because citizens and legislative bodies are increasingly demanding evidence of the appropriate use of public resources and the achievement of public goals. Auditors must understand performance measurement because their audit objectives may call for independent measurement of organizational performance.
Investment risk refers to the likelihood of a loss. All of the following given below are types of investment risk EXCEPT.
Primary customers are those individuals or groups that sponsor the audit. All of the following are examples of primary customers EXCEPT:
Personnel systems and central personnel offices typically provide all of the following services EXCEPT:
________can be defined as Contractual agreements can end either naturally (i.e., by reaching the termination date or delivery of the final product) or by other means. Where as ______can be define as the contractor shall maintain adequate accounting records and supporting documents to verify the amounts, recipients, and uses of all payments and funds received in conjunction with the contract for a designated period of time:
All of the Following are the major categories of performance measures EXCEPT:
One mechanism to help ensure the proper application of audit standards is through ____________. The purpose of _______________ is to provide feedback to management on the effectiveness of the quality control policies and procedures of an organization:
Consulting services are advisory in nature, and are generally performed at the specific request of an engagement client. The nature and scope of the consulting engagement are subject to agreement with the engagement client. All of the following are the parties generally involved in consulting services EXCEPT:
As a part of the development of the Professional Practices Framework, significant portions of the information contained in the __________ Guidelines have been converted to Practice Advisories. Omnibus Practice Advisories ___________ are based on information previously published in the ________ but have been updated to be consistent with the new Standards and the Professional Practices Framework:
Financial statements which are fairly presented meet all of the following guide lines EXCEPT:
All of the following are the components of The Professional Practices Framework which was approved by The IIA’s Board of Directors in June 1999 EXCEPT:
The risk analysis process involves all of the following given below EXCEPT:
A ________ is a contract or contractual action entered into by a prime contractor or subcontractor for the purpose of obtaining supplies, materials, equipment, or services of any kind under a prime contract. Where as in ______________ multiple awards are given for certain contracts to more than one responsible bid. Generally, the contracts are similar in conditions and amounts.
All of The following are questions auditors may ask when testing controls of safeguards over assets and records please choose the correct option:
Which of the following are the two broad classifications of management styles please mark the correct option:
TESTED 28 Apr 2024