{"id":97109,"date":"2025-02-27T02:58:07","date_gmt":"2025-02-27T02:58:07","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=97109"},"modified":"2025-02-27T02:58:07","modified_gmt":"2025-02-27T02:58:07","slug":"cgfm-exam-dumps-v8-02-2025-guaranteed-strategy-to-pass-your-certified-government-financial-manager-cgfm-exam","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/cgfm-exam-dumps-v8-02-2025-guaranteed-strategy-to-pass-your-certified-government-financial-manager-cgfm-exam.html","title":{"rendered":"CGFM Exam Dumps V8.02 [2025] &#8211; Guaranteed Strategy to Pass Your Certified Government Financial Manager (CGFM) Exam"},"content":{"rendered":"<p>The Certified Government Financial Manager (CGFM) is a professional certification awarded by AGA, demonstrating competency in governmental accounting, auditing, financial reporting, internal controls and budgeting at the federal, state and local levels. To pass it, you can get DumpsBase\u2019s CGFM exam dumps (V8.02), which can help you easily study at home without much stress or strain. The CGFM exam dumps, containing 115 practice exam questions and answers, give you very important tips to prepare and easily finish your Certified Government Financial Manager syllabus as well through the aid of this study guide. Get the best practices by using the latest CGFM dumps and get the maximum outcomes. Easily train for the Certified Government Financial Manager (CGFM) certification with the guidance of the most recent CGFM exam dumps and accomplish all the goals and make your career excellent.<\/p>\n<h2>Check <em><span style=\"background-color: #00ffff;\">CGFM free dumps below<\/span><\/em> to verify the CGFM exam dumps (V8.02):<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam9500\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-9500\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-9500\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-380526'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Based on the data below, what can be concluded about outsourcing print job? <br \/>\r<br><br><img decoding=\"async\" width=650 height=246 id=\"\u56fe\u7247 2\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2025\/02\/image001-2.png\"><br><\/div><input type='hidden' name='question_id[]' id='qID_1' value='380526' \/><input type='hidden' id='answerType380526' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380526[]' id='answer-id-1480937' class='answer   answerof-380526 ' value='1480937'   \/><label for='answer-id-1480937' id='answer-label-1480937' class=' answer'><span>It is better to keep the printing in-house.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380526[]' id='answer-id-1480938' class='answer   answerof-380526 ' value='1480938'   \/><label for='answer-id-1480938' id='answer-label-1480938' class=' answer'><span>Outsourcing printing is feasible.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380526[]' id='answer-id-1480939' class='answer   answerof-380526 ' value='1480939'   \/><label for='answer-id-1480939' id='answer-label-1480939' class=' answer'><span>Outsourcing printing is necessary.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380526[]' id='answer-id-1480940' class='answer   answerof-380526 ' value='1480940'   \/><label for='answer-id-1480940' id='answer-label-1480940' class=' answer'><span>ABC Printing should be awarded the outsourcing contract.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-380527'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>The ratios used to determine an organization's ability to meet its creditor's demands are <br \/>\r<br>A. budgetary cushion ratios. <br \/>\r<br>B. liquidity ratios. <br \/>\r<br>C. debt burden ratios. <br \/>\r<br>D. turnover ratios.<\/div><input type='hidden' name='question_id[]' id='qID_2' value='380527' \/><input type='hidden' id='answerType380527' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380527[]' id='textarea_q_380527' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-380528'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Performance measurement assists management in<\/div><input type='hidden' name='question_id[]' id='qID_3' value='380528' \/><input type='hidden' id='answerType380528' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380528[]' id='answer-id-1480942' class='answer   answerof-380528 ' value='1480942'   \/><label for='answer-id-1480942' id='answer-label-1480942' class=' answer'><span>identifying weaknesses in disaster response preparedness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380528[]' id='answer-id-1480943' class='answer   answerof-380528 ' value='1480943'   \/><label for='answer-id-1480943' id='answer-label-1480943' class=' answer'><span>tracking actual results against targets.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380528[]' id='answer-id-1480944' class='answer   answerof-380528 ' value='1480944'   \/><label for='answer-id-1480944' id='answer-label-1480944' class=' answer'><span>determining allocation of capital appropriations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380528[]' id='answer-id-1480945' class='answer   answerof-380528 ' value='1480945'   \/><label for='answer-id-1480945' id='answer-label-1480945' class=' answer'><span>monitoring performance of certified professionals in regulatory fields.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-380529'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>The value, in current dollars, of a sum of money to be received in the future describes <br \/>\r<br>A payback value. <br \/>\r<br>B. present value. <br \/>\r<br>C. annuity value. <br \/>\r<br>D. future value.<\/div><input type='hidden' name='question_id[]' id='qID_4' value='380529' \/><input type='hidden' id='answerType380529' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380529[]' id='textarea_q_380529' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-380530'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A city decides to invest in a new piece of equipment and wants to know how long it will take to recover the amount invested by using the payback analysis technique. <br \/>\r<br>The city uses the following assumptions in its analysis: <br \/>\r<br>The cost of the equipment is $500,000. <br \/>\r<br>The equipment will generate $200,000 in revenue per year. <br \/>\r<br>The variable costs of operating the equipment will be $100,000 per year. <br \/>\r<br>The depreciation on the equipment will be $20,000 per year. <br \/>\r<br>How long will it take the city to recover the amount invested in the new equipment?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='380530' \/><input type='hidden' id='answerType380530' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380530[]' id='answer-id-1480947' class='answer   answerof-380530 ' value='1480947'   \/><label for='answer-id-1480947' id='answer-label-1480947' class=' answer'><span>2 years and 6 months<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380530[]' id='answer-id-1480948' class='answer   answerof-380530 ' value='1480948'   \/><label for='answer-id-1480948' id='answer-label-1480948' class=' answer'><span>2 years and 9 months<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380530[]' id='answer-id-1480949' class='answer   answerof-380530 ' value='1480949'   \/><label for='answer-id-1480949' id='answer-label-1480949' class=' answer'><span>Syears<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380530[]' id='answer-id-1480950' class='answer   answerof-380530 ' value='1480950'   \/><label for='answer-id-1480950' id='answer-label-1480950' class=' answer'><span>6 years and 3 months<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-380531'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>In an internal control evaluation, what are the roles of management and the auditor regarding the risk of fraud, waste and abuse?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='380531' \/><input type='hidden' id='answerType380531' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380531[]' id='answer-id-1480951' class='answer   answerof-380531 ' value='1480951'   \/><label for='answer-id-1480951' id='answer-label-1480951' class=' answer'><span>Management identifies risks, auditors assess control effectiveness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380531[]' id='answer-id-1480952' class='answer   answerof-380531 ' value='1480952'   \/><label for='answer-id-1480952' id='answer-label-1480952' class=' answer'><span>Auditors identify risks, management implements control measures.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380531[]' id='answer-id-1480953' class='answer   answerof-380531 ' value='1480953'   \/><label for='answer-id-1480953' id='answer-label-1480953' class=' answer'><span>Both management and auditors determine risk tolerance levels.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380531[]' id='answer-id-1480954' class='answer   answerof-380531 ' value='1480954'   \/><label for='answer-id-1480954' id='answer-label-1480954' class=' answer'><span>Management mitigates risks, auditors monitor compliance with controls.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-380532'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>For financial audits, generally accepted auditing standards require that auditors accomplish all of the following tasks EXCEPT<\/div><input type='hidden' name='question_id[]' id='qID_7' value='380532' \/><input type='hidden' id='answerType380532' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380532[]' id='answer-id-1480955' class='answer   answerof-380532 ' value='1480955'   \/><label for='answer-id-1480955' id='answer-label-1480955' class=' answer'><span>adequately plan the work.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380532[]' id='answer-id-1480956' class='answer   answerof-380532 ' value='1480956'   \/><label for='answer-id-1480956' id='answer-label-1480956' class=' answer'><span>make the audit report available to the public.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380532[]' id='answer-id-1480957' class='answer   answerof-380532 ' value='1480957'   \/><label for='answer-id-1480957' id='answer-label-1480957' class=' answer'><span>obtain sufficient appropriate audit evidence.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380532[]' id='answer-id-1480958' class='answer   answerof-380532 ' value='1480958'   \/><label for='answer-id-1480958' id='answer-label-1480958' class=' answer'><span>supervise any assistants.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-380533'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>The first step when gathering data for making strategic sourcing decisions is <br \/>\r<br>A. contacting vendors to submit bids under the request for bid process. <br \/>\r<br>B. researching spend data by category for each business unit. <br \/>\r<br>C. contacting business units to find out if there are existing purchasing contracts in place. <br \/>\r<br>D. developing supplier performance measures to add into the purchase agreements.<\/div><input type='hidden' name='question_id[]' id='qID_8' value='380533' \/><input type='hidden' id='answerType380533' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380533[]' id='textarea_q_380533' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-380534'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A material weakness in internal control over financial reporting is defined as a deficiency that <br \/>\r<br>A. results in a misstatement to the basic financial statements. <br \/>\r<br>B. results in a material misstatement in other accompanying financial information. <br \/>\r<br>C. did not allow management to perform their assigned responsibility to prevent, detect and correct misstatements in a timely manner. <br \/>\r<br>D. creates a reasonable possibility of a material misstatement to the financial statements that will <br \/>\r<br>not be detected in a timely <br \/>\r<br>manner.<\/div><input type='hidden' name='question_id[]' id='qID_9' value='380534' \/><input type='hidden' id='answerType380534' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380534[]' id='textarea_q_380534' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-380535'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>An agency uses pavement rating scores as a key indicator for a street maintenance program. If the legislature provided the agency with an additional $5 millionjthe new resources should be allocated based upon <br \/>\r<br>A. the number of intersections. <br \/>\r<br>B. historical budgeted amounts. <br \/>\r<br>C. lane miles rated as acceptable by the citizens. <br \/>\r<br>D. lane miles with unmet needs.<\/div><input type='hidden' name='question_id[]' id='qID_10' value='380535' \/><input type='hidden' id='answerType380535' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380535[]' id='textarea_q_380535' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-380536'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>The goal of shared gervices is to <br \/>\r<br>A. reduce current staffing levels. <br \/>\r<br>B. transfer responsibilities to another entity. <br \/>\r<br>C. efficiently aggregate resources. <br \/>\r<br>D. provide private business opportunities.<\/div><input type='hidden' name='question_id[]' id='qID_11' value='380536' \/><input type='hidden' id='answerType380536' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380536[]' id='textarea_q_380536' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-380537'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>A state transfers cagh to a broker and the broker transfers securities to the state, promising to repay the cash plus interest in exchange for the return of the same securities. This transaction is an example of <br \/>\r<br>A. an arbitrage agreement. <br \/>\r<br>B. a repurchase agreement. <br \/>\r<br>C. a mutual buy-sell agreement. <br \/>\r<br>D. a reverse repurchase agreement.<\/div><input type='hidden' name='question_id[]' id='qID_12' value='380537' \/><input type='hidden' id='answerType380537' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380537[]' id='textarea_q_380537' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-380538'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>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? <br \/>\r<br>A. future value <br \/>\r<br>B. net present value <br \/>\r<br>C. current value <br \/>\r<br>D. regression analysis<\/div><input type='hidden' name='question_id[]' id='qID_13' value='380538' \/><input type='hidden' id='answerType380538' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380538[]' id='textarea_q_380538' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-380539'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>In an attestation engagement, which party would make an assertion about a subject matter?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='380539' \/><input type='hidden' id='answerType380539' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380539[]' id='answer-id-1480965' class='answer   answerof-380539 ' value='1480965'   \/><label for='answer-id-1480965' id='answer-label-1480965' class=' answer'><span>management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380539[]' id='answer-id-1480966' class='answer   answerof-380539 ' value='1480966'   \/><label for='answer-id-1480966' id='answer-label-1480966' class=' answer'><span>auditor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380539[]' id='answer-id-1480967' class='answer   answerof-380539 ' value='1480967'   \/><label for='answer-id-1480967' id='answer-label-1480967' class=' answer'><span>practitioner<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380539[]' id='answer-id-1480968' class='answer   answerof-380539 ' value='1480968'   \/><label for='answer-id-1480968' id='answer-label-1480968' class=' answer'><span>user<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-380540'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>All of the following ae among the stated purposes of GPRA EXCEPT to<\/div><input type='hidden' name='question_id[]' id='qID_15' value='380540' \/><input type='hidden' id='answerType380540' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380540[]' id='answer-id-1480969' class='answer   answerof-380540 ' value='1480969'   \/><label for='answer-id-1480969' id='answer-label-1480969' class=' answer'><span>help managers improve service delivery.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380540[]' id='answer-id-1480970' class='answer   answerof-380540 ' value='1480970'   \/><label for='answer-id-1480970' id='answer-label-1480970' class=' answer'><span>improve internal management practices.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380540[]' id='answer-id-1480971' class='answer   answerof-380540 ' value='1480971'   \/><label for='answer-id-1480971' id='answer-label-1480971' class=' answer'><span>provide instructions on program reporting.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380540[]' id='answer-id-1480972' class='answer   answerof-380540 ' value='1480972'   \/><label for='answer-id-1480972' id='answer-label-1480972' class=' answer'><span>improve program effectiveness.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-380541'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>The Federal Credit Reform Act requires complex calculations, which are likely to include errors. This is an example of <br \/>\r<br>A. audit risk. <br \/>\r<br>B. control risk. <br \/>\r<br>C. detection risk. <br \/>\r<br>D. inherent risk.<\/div><input type='hidden' name='question_id[]' id='qID_16' value='380541' \/><input type='hidden' id='answerType380541' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380541[]' id='textarea_q_380541' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-380542'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>A variable that would influence management's decision to hire contractors to perform management control evaluations is<\/div><input type='hidden' name='question_id[]' id='qID_17' value='380542' \/><input type='hidden' id='answerType380542' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380542[]' id='answer-id-1480974' class='answer   answerof-380542 ' value='1480974'   \/><label for='answer-id-1480974' id='answer-label-1480974' class=' answer'><span>lack of management expertise.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380542[]' id='answer-id-1480975' class='answer   answerof-380542 ' value='1480975'   \/><label for='answer-id-1480975' id='answer-label-1480975' class=' answer'><span>availability of qualified contractors.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380542[]' id='answer-id-1480976' class='answer   answerof-380542 ' value='1480976'   \/><label for='answer-id-1480976' id='answer-label-1480976' class=' answer'><span>suspicion of internal fraud.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380542[]' id='answer-id-1480977' class='answer   answerof-380542 ' value='1480977'   \/><label for='answer-id-1480977' id='answer-label-1480977' class=' answer'><span>knowledge of systemic deficiencies.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-380543'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>What type of analygis should a finance director use to determine if there will be enough funds available to cover bills <br \/>\r<br>due within the next 30 days?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='380543' \/><input type='hidden' id='answerType380543' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380543[]' id='answer-id-1480978' class='answer   answerof-380543 ' value='1480978'   \/><label for='answer-id-1480978' id='answer-label-1480978' class=' answer'><span>quick\/current ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380543[]' id='answer-id-1480979' class='answer   answerof-380543 ' value='1480979'   \/><label for='answer-id-1480979' id='answer-label-1480979' class=' answer'><span>receivables turnover ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380543[]' id='answer-id-1480980' class='answer   answerof-380543 ' value='1480980'   \/><label for='answer-id-1480980' id='answer-label-1480980' class=' answer'><span>budgetary cushion ratio<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380543[]' id='answer-id-1480981' class='answer   answerof-380543 ' value='1480981'   \/><label for='answer-id-1480981' id='answer-label-1480981' class=' answer'><span>debt burden ratio<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-380544'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Who is responsible for resolving single audit findings? <br \/>\r<br>A. the awarding agency <br \/>\r<br>B. the recipient agency <br \/>\r<br>C. the audit committee <br \/>\r<br>D. the external auditors<\/div><input type='hidden' name='question_id[]' id='qID_19' value='380544' \/><input type='hidden' id='answerType380544' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380544[]' id='textarea_q_380544' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-380545'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>The scope of a single audit engagement includes all of the following EXCEPT <br \/>\r<br>A. financial statements. <br \/>\r<br>B. internal controls. <br \/>\r<br>C. performance results. <br \/>\r<br>D. compliance with terms of the award.<\/div><input type='hidden' name='question_id[]' id='qID_20' value='380545' \/><input type='hidden' id='answerType380545' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380545[]' id='textarea_q_380545' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-380546'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>The basic steps in fraud audits include all of the following EXCEPT<\/div><input type='hidden' name='question_id[]' id='qID_21' value='380546' \/><input type='hidden' id='answerType380546' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380546[]' id='answer-id-1480984' class='answer   answerof-380546 ' value='1480984'   \/><label for='answer-id-1480984' id='answer-label-1480984' class=' answer'><span>consulting legal counsel.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380546[]' id='answer-id-1480985' class='answer   answerof-380546 ' value='1480985'   \/><label for='answer-id-1480985' id='answer-label-1480985' class=' answer'><span>reporting the results.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380546[]' id='answer-id-1480986' class='answer   answerof-380546 ' value='1480986'   \/><label for='answer-id-1480986' id='answer-label-1480986' class=' answer'><span>follow-up on control weaknesses.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380546[]' id='answer-id-1480987' class='answer   answerof-380546 ' value='1480987'   \/><label for='answer-id-1480987' id='answer-label-1480987' class=' answer'><span>considering political ramifications.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-380547'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>Simplified acquisition processes assist an agency by <br \/>\r<br>A. maintaining the competitive bid requirement and allowing credit card purchases. <br \/>\r<br>B. providing access to bulk purchase discounts and reducing administrative costs. <br \/>\r<br>C. increasing the number of requisitions processed. <br \/>\r<br>D. reducing acquisition staff and managerial oversight.<\/div><input type='hidden' name='question_id[]' id='qID_22' value='380547' \/><input type='hidden' id='answerType380547' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380547[]' id='textarea_q_380547' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-380548'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>One of the five components of COSO ERM is<\/div><input type='hidden' name='question_id[]' id='qID_23' value='380548' \/><input type='hidden' id='answerType380548' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380548[]' id='answer-id-1480989' class='answer   answerof-380548 ' value='1480989'   \/><label for='answer-id-1480989' id='answer-label-1480989' class=' answer'><span>performance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380548[]' id='answer-id-1480990' class='answer   answerof-380548 ' value='1480990'   \/><label for='answer-id-1480990' id='answer-label-1480990' class=' answer'><span>changing environment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380548[]' id='answer-id-1480991' class='answer   answerof-380548 ' value='1480991'   \/><label for='answer-id-1480991' id='answer-label-1480991' class=' answer'><span>complex calculations.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380548[]' id='answer-id-1480992' class='answer   answerof-380548 ' value='1480992'   \/><label for='answer-id-1480992' id='answer-label-1480992' class=' answer'><span>accepting risk.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-380549'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>An evaluation of anggntity\u2019s single year financial statements would use which of the following analyses? <br \/>\r<br>A. comparative <br \/>\r<br>B. horizontal <br \/>\r<br>C. trend <br \/>\r<br>D. vertical<\/div><input type='hidden' name='question_id[]' id='qID_24' value='380549' \/><input type='hidden' id='answerType380549' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380549[]' id='textarea_q_380549' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-380550'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>What is the formal tam for the listing and assessment of an agency's top risks?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='380550' \/><input type='hidden' id='answerType380550' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380550[]' id='answer-id-1480994' class='answer   answerof-380550 ' value='1480994'   \/><label for='answer-id-1480994' id='answer-label-1480994' class=' answer'><span>risk profile<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380550[]' id='answer-id-1480995' class='answer   answerof-380550 ' value='1480995'   \/><label for='answer-id-1480995' id='answer-label-1480995' class=' answer'><span>risk management plan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380550[]' id='answer-id-1480996' class='answer   answerof-380550 ' value='1480996'   \/><label for='answer-id-1480996' id='answer-label-1480996' class=' answer'><span>risk assessment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380550[]' id='answer-id-1480997' class='answer   answerof-380550 ' value='1480997'   \/><label for='answer-id-1480997' id='answer-label-1480997' class=' answer'><span>risk register<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-380551'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>Under government fuditing standards, auditors performing financial statement audits must <br \/>\r<br>A. design tests to assess compliance with laws, regulations, contracts and grant agreements. <br \/>\r<br>B. identify violations of laws which could be punishable by monetary penalties. <br \/>\r<br>C. identify expenditures that exceed the related obligations. <br \/>\r<br>D. design tests to detect fraud, waste and abuse.<\/div><input type='hidden' name='question_id[]' id='qID_26' value='380551' \/><input type='hidden' id='answerType380551' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380551[]' id='textarea_q_380551' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-380552'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>A key element in coputer-assisted audit techniques is <br \/>\r<br>A. writing the system audit program. <br \/>\r<br>B. verifying internal controls. <br \/>\r<br>C. obtaining appropriate data. <br \/>\r<br>D. purchasing data mining software.<\/div><input type='hidden' name='question_id[]' id='qID_27' value='380552' \/><input type='hidden' id='answerType380552' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380552[]' id='textarea_q_380552' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-380553'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>When reviewing a report on internal control from a shared service provider that noted a weakness, the agency should <br \/>\r<br>A. consider the existence of compensating or mitigating controls. <br \/>\r<br>B. ask the service provider to correct the weakness. <br \/>\r<br>C. dismiss the weakness. <br \/>\r<br>D. refer the weakness to the Contracting Officer.<\/div><input type='hidden' name='question_id[]' id='qID_28' value='380553' \/><input type='hidden' id='answerType380553' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380553[]' id='textarea_q_380553' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-380554'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>What is the most fupdamental cash control? <br \/>\r<br>A. segregation of duties <br \/>\r<br>B. use of automated systems <br \/>\r<br>C. analysis of cash reports <br \/>\r<br>D. frequent reconciliation of bank accounts<\/div><input type='hidden' name='question_id[]' id='qID_29' value='380554' \/><input type='hidden' id='answerType380554' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380554[]' id='textarea_q_380554' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-380555'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following includes the aggregate level and types of risks that the organization is willing to assume in <br \/>\r<br>order to achieve its Strategic objectives? <br \/>\r<br>A. risk register <br \/>\r<br>B. risk and control evaluation matrix <br \/>\r<br>C. risk profile <br \/>\r<br>D. risk and control assessment tool<\/div><input type='hidden' name='question_id[]' id='qID_30' value='380555' \/><input type='hidden' id='answerType380555' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380555[]' id='textarea_q_380555' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-380556'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>How may a city parks and recreation director meaningfully assess the performance of the department's grounds maintenance division? <br \/>\r<br>A. use a single measure of citizen satisfaction with parks and recreation <br \/>\r<br>B. evaluate funds spent on grounds maintenance <br \/>\r<br>C. analyze grounds maintenance staffing levels <br \/>\r<br>D. compare cost per acre maintained to cost per acre maintained in another jurisdiction<\/div><input type='hidden' name='question_id[]' id='qID_31' value='380556' \/><input type='hidden' id='answerType380556' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380556[]' id='textarea_q_380556' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-380557'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>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 <br \/>\r<br>A. per mile travelled. <br \/>\r<br>B. per ton of trash collected. <br \/>\r<br>C. comparison with closest comparable jurisdiction. <br \/>\r<br>D. per employee.<\/div><input type='hidden' name='question_id[]' id='qID_32' value='380557' \/><input type='hidden' id='answerType380557' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380557[]' id='textarea_q_380557' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-380558'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Management shoulg consider the cost of internal controls in relationship to <br \/>\r<br>A. the available budget. <br \/>\r<br>B. inherent risks. <br \/>\r<br>C. benefits provided. <br \/>\r<br>D. risk of collusion.<\/div><input type='hidden' name='question_id[]' id='qID_33' value='380558' \/><input type='hidden' id='answerType380558' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380558[]' id='textarea_q_380558' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-380559'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>In a performance aygit, due professional care is used to <br \/>\r<br>A. obtain sufficient and competent evidence. <br \/>\r<br>B. determine scope. <br \/>\r<br>C. set materiality of financial statements. <br \/>\r<br>D. present the findings in accordance with GAAP.<\/div><input type='hidden' name='question_id[]' id='qID_34' value='380559' \/><input type='hidden' id='answerType380559' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380559[]' id='textarea_q_380559' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-380560'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>A governmental attestation engagement may include a requirement to <br \/>\r<br>A. monitor a subgrantee for compliance to the grant restrictions. <br \/>\r<br>B. establish a policy concerning fraud prevention. <br \/>\r<br>C. monitor purchasing card charges for compliance with travel policies. <br \/>\r<br>D. review the revenue coverage requirements on outstanding bonds.<\/div><input type='hidden' name='question_id[]' id='qID_35' value='380560' \/><input type='hidden' id='answerType380560' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380560[]' id='textarea_q_380560' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-380561'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which of the following is an example of an internal control weakness? <br \/>\r<br>A. The contract department staff awards contracts and maintains a database for vendor information. <br \/>\r<br>B. Management policy allows project managers to oversee controls of companies in which they have a material interest. <br \/>\r<br>C. The budget department staff is responsible for preparing the budget and for reporting on budget cost variances. <br \/>\r<br>D. The accounting department has one clerk prepare vendor payments and another clerk reconcile bank accounts.<\/div><input type='hidden' name='question_id[]' id='qID_36' value='380561' \/><input type='hidden' id='answerType380561' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380561[]' id='textarea_q_380561' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-380562'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>In addition to the Yellow Book, which group's external audit standards can the GAO reference? <br \/>\r<br>A. Public Company Accounting Oversight Board <br \/>\r<br>B. International Auditing and Assurance Standards Board. <br \/>\r<br>C. International Organization of Supreme Audit Institutions <br \/>\r<br>D. AICPA<\/div><input type='hidden' name='question_id[]' id='qID_37' value='380562' \/><input type='hidden' id='answerType380562' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380562[]' id='textarea_q_380562' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-380563'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>The first step in the internal control evaluation process is <br \/>\r<br>A. identifying the effectiveness of management activities. <br \/>\r<br>B. assessing the adequacy of controls. <br \/>\r<br>C. documenting how transactions of events are processed. <br \/>\r<br>D. identifying potential risks.<\/div><input type='hidden' name='question_id[]' id='qID_38' value='380563' \/><input type='hidden' id='answerType380563' value='textarea'><!-- end question-content--><\/div><div class='question-choices '><p><textarea name='answer-380563[]' id='textarea_q_380563' class='watupro-textarea-medium' rows='5' cols='80'><\/textarea>\n<\/p><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-380564'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>In relation to financial reporting, who evaluates internal controls to support an opinion on a fair presentation of the financial statements?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='380564' \/><input type='hidden' id='answerType380564' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380564[]' id='answer-id-1481011' class='answer   answerof-380564 ' value='1481011'   \/><label for='answer-id-1481011' id='answer-label-1481011' class=' answer'><span>management<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380564[]' id='answer-id-1481012' class='answer   answerof-380564 ' value='1481012'   \/><label for='answer-id-1481012' id='answer-label-1481012' class=' answer'><span>the independent auditor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380564[]' id='answer-id-1481013' class='answer   answerof-380564 ' value='1481013'   \/><label for='answer-id-1481013' id='answer-label-1481013' class=' answer'><span>the program office<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380564[]' id='answer-id-1481014' class='answer   answerof-380564 ' value='1481014'   \/><label for='answer-id-1481014' id='answer-label-1481014' class=' answer'><span>the audit committee<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-380565'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>A sound investment category for pension funds that can be easily valued is<\/div><input type='hidden' name='question_id[]' id='qID_40' value='380565' \/><input type='hidden' id='answerType380565' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380565[]' id='answer-id-1481015' class='answer   answerof-380565 ' value='1481015'   \/><label for='answer-id-1481015' id='answer-label-1481015' class=' answer'><span>open-ended mutual funds.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380565[]' id='answer-id-1481016' class='answer   answerof-380565 ' value='1481016'   \/><label for='answer-id-1481016' id='answer-label-1481016' class=' answer'><span>reverse repurchase agreements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380565[]' id='answer-id-1481017' class='answer   answerof-380565 ' value='1481017'   \/><label for='answer-id-1481017' id='answer-label-1481017' class=' answer'><span>derivative instruments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-380565[]' id='answer-id-1481018' class='answer   answerof-380565 ' value='1481018'   \/><label for='answer-id-1481018' id='answer-label-1481018' class=' answer'><span>internal investment pools.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons9500\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; Previous\" onclick=\"WatuPRO.nextQuestion(event, 'previous');\"\/><\/div>\t\t  \t\t  \t\t   \n\t\t   \t  \t\t<div><input type=\"button\" name=\"action\" class=\"watupro-submit-button\" onclick=\"WatuPRO.submitResult(event)\" id=\"action-button\" value=\"View Results\"  \/>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\n\t<input type=\"hidden\" name=\"quiz_id\" value=\"9500\" id=\"watuPROExamID\"\/>\n\t<input type=\"hidden\" name=\"start_time\" id=\"startTime\" value=\"2026-04-30 08:42:55\" \/>\n\t<input type=\"hidden\" name=\"start_timestamp\" 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To pass it, you can get DumpsBase\u2019s CGFM exam dumps (V8.02), which can help you easily study at home without much stress or [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18505,18506],"tags":[18508,18507],"class_list":["post-97109","post","type-post","status-publish","format-standard","hentry","category-aga","category-government-financial-manager","tag-certified-government-financial-manager-cgfm","tag-cgfm-exam-dumps"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/97109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=97109"}],"version-history":[{"count":1,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/97109\/revisions"}],"predecessor-version":[{"id":97110,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/97109\/revisions\/97110"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=97109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=97109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=97109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}